{"id":114936,"date":"2026-02-11T14:00:19","date_gmt":"2026-02-11T14:00:19","guid":{"rendered":"https:\/\/sotnews.agency\/?p=114936"},"modified":"2026-02-11T14:00:19","modified_gmt":"2026-02-11T14:00:19","slug":"its-easier-to-move-from-gh%e2%82%b5100k-to-gh%e2%82%b51m-than-from-zero-to-gh%e2%82%b5100k-ecobank-development-corporation-md","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=114936","title":{"rendered":"It\u2019s easier to move from GH\u20b5100k to GH\u20b51m than from zero to GH\u20b5100k- Ecobank Development Corporation MD"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 27 Second <\/div>\n\n <\/div>
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The Managing Director of Ecobank Development Corporation( EDC )Investments Ltd, Paul Kofi Mante, says building wealth becomes easier once individuals grow their initial capital base, stressing that moving from GH\u20b5100,000 to GH\u20b51 million is far less difficult than starting from zero.<\/p>\n

Speaking on JoyFM\u2019s Super Morning Show<\/em> on February 11, Mr Mante explained that the principle of compounding favours those who are able to build substantial capital over time.<\/p>\n

\u201cIn fact, it\u2019s easier to move from 100,000 to 1 million than from zero to 100,000,\u201d he said. \u201cIf you use 20% as interest, if you have GH\u20b51,000 and you get 20% on it, you get GH\u20b5200. But if you have GH\u20b5100,000, you get GH\u20b520,000. If you have GH\u20b5500,000 and you get 20% on the GH\u20b5500,000, you get an additional GH\u20b5100,000.\u201d<\/p>\n

According to him, the key lesson is that the bigger the investment base, the faster the growth. \u201cThe bigger the base, the faster the journey becomes, the quicker you get to your destination,\u201d he noted.<\/p>\n

His comments come amid growing public interest in long-term investing and financial security, as many Ghanaians look beyond salaries to build sustainable income.<\/p>\n

Mr Mante cited the example of a teacher who began investing modestly but saw significant progress in 2020 during the Covid-19 pandemic. With schools shut down, the teacher organised online classes to earn extra income and later expanded into catfish farming and pottery.<\/p>\n

\u201cIt\u2019s gone beyond just the salary and he\u2019s looking at other things,\u201d Mr Mante said, highlighting the importance of multiple streams of income.<\/p>\n

He disclosed that as of the end of last year, the teacher was earning about GH\u20b575,000 monthly purely from interest on investments.<\/p>\n

Using an 18% annual return compounded quarterly, Mr Mante demonstrated how small, consistent contributions can grow significantly over time. He said investing GH\u20b5150 a month could yield about GH\u20b51.1 million in 27 years, while GH\u20b5600 monthly could cross the million-cedi mark in 19 years. Higher monthly investments would shorten the timeline even further.<\/p>\n

\u201cYou build up little by little. It won\u2019t happen overnight. But you will get there,\u201d he assured listeners.<\/p>\n

He also cautioned investors to consider inflation when calculating returns. Explaining the difference between nominal and real returns, he said if inflation stands at 4% and an investment yields 10%, the real return is 6%.<\/p>\n

\u201cThe way to catch up with the time value of money is to make sure that you are getting returns ahead of inflation,\u201d he said. While inflation cannot be controlled, he urged individuals to focus on what they can manage disciplined saving and smart investing.<\/p>\n

\u201cYou cannot control inflation which eats away the value of money. What you can control is your own savings and investment and taking advantage of the power of compounding,\u201d he advised.<\/p>\n<\/div>\n

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The Managing Director of Ecobank Development Corporation( EDC )Investments Ltd, Paul Kofi Mante, says building wealth becomes easier once individuals grow their initial capital base, stressing that moving from GH\u20b5100,000 to GH\u20b51 million is far less difficult than starting from zero.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16730,1883,10,9,16731],"tags":[],"class_list":["post-114936","post","type-post","status-publish","format-standard","hentry","category-easier","category-national","category-politics","category-popular","category-zero"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114936"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114936\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}