The key to building financial freedom in investment. To build financial capacity, you need to cultivate the habit of setting aside a percentage of your earnings for savings. Fortunately, there are a number of opportunities to invest in foreign stocks in Ghana.
With the global surge in fintech, multiple investment apps have been developed to facilitate investments in global stock. In this article, we will highlight the 7 best and legit investment apps in Ghana for beginners.
What are Investment Apps?
Before putting away your money for investment, you need to understand what investment apps are. Investment apps are online investment platforms that help individuals invest their money securely for a profit. With these apps, users can invest, monitor their investment and claim their profit.
7 Best Investment Apps in Ghana 2024
Below is the list of the 7 best personal investment apps in Ghana.
The Achieve App is one of the best investment apps in Ghana. The Ghana-based digital platform partners with licensed fins managers to provide you with safe investment opportunities in Ghana.
All you need to do is to download the Achieve app on your android or apple device to get started.
How to Invest Through Achieve
Saving or investing through the Achieve app is simple. All you need to do is to follow the four (4) steps below;
- Download and install Achieve from Google Play or Apple Store.
- Sign up with a valid email address and answer a few questions on the app to verify your identity.
- Set up your mobile money wallet to make top-ups and receive withdrawals. You can also use your Visa or MasterCard for top-ups.
- Create your first investment account or goal account and start saving. It’s that simple!
Requirements to Activate Your Account
To start saving through the Achieve app, you need the following:
- A valid email address;
- A valid phone number;
- A valid identification card – Voter ID, Passport, Driver’s License, SSNIT card or National ID
- Personal information; and
- Your next-of-kin’s basic information.
Your next-of-kin is your closest living relative. The next-of-kin relationship is important to determine who will inherit your investment(s) if you die without a will. The information provided will be used to verify the person you choose.
Stash investment app is a personal finance app that can help individuals improve their financial life. With the app, you can budget and save for retirement. The app also features banking, investing, and advice to investors.
However, to use this app, you need to pay a fee. The app offers two affordable monthly plans, Stash Growth and Stash +. Stash Growth costs $3/month while Stash + cost $9/month.
Trove is one of the best investment apps in Ghana that offer individual access to various financial assets listed on major local and foreign stock exchanges. With Trove, you can deposit, save, invest and withdraw your funds. It is also worthy of note that Trove is not a registered broker-dealer or investment adviser.
Bamboo is one of the best investment apps in Ghana. The investment app offers you an opportunity to buy and sell thousands of US stocks in Ghana. Bamboo gives you unrestricted access to over 3,000 stocks listed on the US stock exchanges.
Interestingly, the app also enables you to diversify your holdings by buying into a bundle of stocks called an ETF. You can also track your portfolio performance over time with the app.
Investing.com is one of the legit personal investment apps in Ghana. With the app, you can get real-time updates for over 30,000 financial instruments that are traded on over 100 exchanges in the world.
You can also trade or monitor your investment portfolio from anywhere as well as retrieve, sort, and select data directly from your mobile device.
6. Ecobank TBILL4ALL
The Ecobank TBILL4ALL is one of the best investment platforms in Ghana. It is a mobile money-based investment service that allows Ghanaians to purchase and manage Government of Ghana Treasury Bills from mobile phones.
With just 5 GHC, you can purchase Government of Ghana 91 and 182-day Treasury bills from your MTN mobile wallet. To get started, dial *770# to register.
InvestSika is one of the upcoming investment apps in Ghana. With the App, you need a mobile money account and smartphone to start trading and investing in the stock market. InvestSika would also allow Ghanaians to buy and sell shares in local and foreign companies. With as little as GHC60, you can start your personal investment with InvestSika.