The Managing Director of Ecobank Development Corporation Investments Ltd (EDC), Paul Kofi Mante has said many individuals retire without a clear–cut plan to maintain cash flow.
“A lot of people retire and are rich in asset, but poor in cash flow. This means they may have a big house, but they can’t buy food. They may have a big house, but have a medical bill of 5000gh that they cannot pay,” Mr. Mante said during Old Mutual’s ɔbra Pa Retirement Salary stakeholder engagement program.
Mr. Paul Kofi Mante was speaking as a panelist on Old Mutual’s ɔbra Pa Retirement Salary stakeholder engagement which was themed ‘’ Retiring with confidence; how to live a fulfilled life with a retirement salary’’.
He said Old Mutual’s ɔbra Pa retirement salary, if taken seriously, “could potentially prolong lives.”
“What a product like Ɔbra Pa does is to guarantee you cash flow when you retire’’.
Old Mutual, Ghana’s innovative insurance company recently launched a pioneering retirement product dubbed “ɔbra Pa Retirement Salary”.
The product aims to provide a guaranteed stream of income for retirees for the rest of their lives.
Old Mutual is an integrated financial services provider with a presence in 13 countries on the African continent. Old Mutual has 176 years of expertise in Life Insurance, Pensions and Banking Services across Africa. In Ghana, the brand is committed to leveraging the 176 years of expertise to partner with Ghanaians to help them achieve their financial goals.