By Deborah Luu
The Chief Executive Officer of DCI Microfinance Limited, Selasi Woanyah, has stressed the importance of early and strategic financial planning as a foundation for achieving personal and financial goals.
Speaking on the GTV Breakfast Show on 16 January 2025, Woanyah highlighted financial planning as an essential tool for organizing one’s resources to meet life’s objectives effectively.
He outlined three fundamental steps to building a solid financial plan:
Set Clear Goals
Woanyah advised dividing objectives into three categories: short-term (achievable within a year), middle-term (to be reached within three years), and long-term (to be realized in seven years or more).
Be Ambitious Yet Disciplined
Goals should challenge individuals but remain attainable, fostering discipline and accountability throughout the process.
Factor in Dependents
When crafting financial plans, consider the needs of both nuclear and extended family members where applicable.
