He said the unnecessary expenditure on the part of individuals and financial malpractice among the district, regional and even national decision makers if not stopped would continue to hamper the growth and development of the country.

Mr Asomaning, speaking at the re-launch of the Takoradi office of the Gold Coast Fund Management, a subsidiary of the Groupe Nduom, said “we need to move to the next level through a sound financial plan”.

The CEO expressed worried that many Ghanaians were still financially illiterate and so did not make the right financial choices that could change and turn their lives around.

“Financially literate people are the people who will change the country”, he said.

Mr Asomaning said the re-launch of the Fund in Takoradi was part of measures to raise awareness among the citizenry on the need to save, “We are bent on equipping clients to build a successful financial plan”.

Mr Alexander Laar, Regional Manager of the Gold Coast Fund Management, said the remodeling of the office was to improve service delivery in a more efficient and effective manner.

He said the office has also introduced lots of investment packages for the benefits of their numerous clients.