How Time and Consistency Pay Off

Saving for the future is all about time, and the earlier you start, the more you benefit from the power of compound interest. Let’s compare two people:
• Person A (Start Early): Starts saving at age 25, saving GHS 3,000 per year for 7 years.
• Person B (Save Late): Starts saving at age 23, saving GHS 3,000 per year for 25 years.

Here’s how their savings look at age 48

Person A: Save Early

Person B: Save Late

Conclusion

• Person A, who started early, had a total contribution of GHS 21,000 but accumulated GHS 128,361
• Person B, who saved late, contributed GHS 75,000 but accumulated GHS 131,221
While saving later still brings benefits, starting early allows your money to grow faster, thanks to compounding.

Start now. Start early. And let time work for you