There are central principles commanding life and work the average working Ghanaian living in Ghana ignores, yet mysteriously adopts when they travel abroad.
These principles are timeless and works for anyone who's serious about building wealth and financial freedom

1. Time is Money

Africans & black people’s disrespect of time is well documented and is called different names in different places
“Black People Time”,
“Colored People time”,
"African man time"
are they typical names given to this canker causing a lot of inefficiencies in Ghana.
It’s ok for an 11 AM appointment to casually start at midday and for conveners of said meeting not to apologise. Disregard for time is apparent in all aspects of Ghana business environment yet many people wonder why they’re poorly paid.

A recent study by Harvard Business School analyzed over 25 million employee timesheets from a large grocery chain and found that a 1% increase in lateness and absenteeism leads to a 2.3% decline in daily sales. Businesses in effect will penalize staff by paying subpar salaries

2. Have a Growth Mindset

Many Ghanaians are willing to be innovative in employment whiles living abroad, by working two jobs, living a frugal carefully planned lifestyle yet will not do same when living in Ghana.

The Ghanaian living abroad is punctual, follows procedure and is willing to collaborate with colleagues. Same employee working in Ghana transforms into an egomaniac, engaging in irrelevant power play, picking and choosing the projects they would like to contribute to and not giving their maximum best.

3. Buy Knowledge First

Financial literacy is low in Ghana. The 2023, Financial Literacy Report states that, financial literacy in the developed world is about 50% for adult male and 45% for females. In developing regions such as Africa and Asia that number is lower which a global rate of 35% for males and 30% for females

Access to financial literacy resources that speaks to the Ghanaian economy and opportunities for investments are pretty limited. The average Ghanaian professional therefore has her work cut out for her in digging for those resources.

4. Use Debt to Build Wealth

Access to credit is now becoming the norm, with influx of micro loans on GSM networks. The growth of these services presents opportunities for professionals to access credit to invest in high yielding asset such as real estate, stock, bonds and professional development.

These investments pay off in the long run. Using debt at an early age and investing in high-yield assets set professionals up for life

5. Playing the Status Game

Ghanaians are status obsessed sometimes to our own detriment. For an economy that is heavy on outright purchase of expensive personal items such as cars, TVs, and Mobile phones. The average Ghanaian professional is always on the look out to upgrade these items trying to keep up.

What that leads to is further debt, meanwhile, the average rich person is ok with using a functional smartphone and does not care much for luxurious vehicles.