Mastering Debt: Expert Advice on Financial Planning from Citi Business Festival 2025

Financial Planning and Debt Management: Expert Advice from Citi Business Festival 2025 Ghana's capital, Accra, hosted the Citi Business Festival 2025, where Absa Bank Ghana's Finance Director, Kush Mkushi, gave a compelling interview on personal finance. His key message highlighted the crucial role of discipline in handling debt. Mkushi stated, "Debt isn’t the enemy. Indiscipline is." He clarified that responsible debt management could be a powerful tool, but uncontrolled debt leads to serious problems. Mkushi illustrated his points with real-life examples. He explained how strategic borrowing could be used to finance investments with the potential for substantial returns. He also discussed how responsible debt management helps in handling unexpected financial emergencies. The interview offered practical advice, emphasizing the importance of careful financial forecasting and understanding the difference between using debt for investment versus consumption. The interview concluded with a call for individuals to regularly review their financial status, ensuring that borrowing aligns with their income and expenses. Mkushi's insights provide valuable guidance for individuals and businesses in Ghana and beyond, promoting responsible financial practices.