If you’re an investor in Ghana, then protecting your financial investments against depreciation of the cedis is key to you especially now. The currency Ghana cedis has been on a rollercoaster lately, but here are 6 sure-fire ways to protect yourself from taking a haircut:

1. Diversify Your Investments: Don’t put all your eggs in one basket! Spreading out your investments across different asset classes like stocks, bonds and mutual funds can help mitigate risk so that if one investment depreciates, others may appreciate.

2. Utilize Foreign Exchange Funds: Focusing on foreign exchange funds like the US Dollar or Euro can help boost returns while also providing some degree of protection against currency devaluation and deprecation.

3. Invest in Real Estate: Investing in real estate is a great way to protect your investments against currency depreciation. Not only is the value of the property likely to appreciate over time but you can also make good income from rent payments and other services provided.

4. Buy Gold Bullion: Buying gold bullion is another great way to hedge against currency devaluation and depreciation as gold tends to retain its intrinsic value more than currencies.

5. Use Hedging Strategies: Utilizing hedging strategies like foreign exchange forward contracts, options, futures and swaps can help protect your investments by limiting or eliminating exposure to risks associated with fluctuations in the market rate of the cedis.

6. Invest in Businesses That Use Different Currencies: Investing in businesses and companies that use different currencies can help reduce the impact of currency depreciation on your investments. Look for firms that are using multiple currencies to ensure that you’re not solely exposed to just one.

By taking these 6 steps, you can protect yourself against the haircut of cedis devaluation and depreciation – so don’t be left with a head full of regret! Go ahead and invest wisely in Ghana!

Source: 3News.com