Business: Spend with caution – Financial expert advises Ghanaians ahead of Xmas


As the Christmas festivity approaches, a financial expert and a baker, Osei Kofi Emmanuel, has advised Ghanaians to spend with caution to prevent hardship in the Month of January. 

Christmas is an annual festival to commemorate the birth of Jesus Christ and is observed primarily on December 25 as a religious and cultural occasion among billions of mainly Christians around the world.

The traditional Christmas narrative, the Nativity of Jesus, delineated in the New Testament says that Jesus was born in Bethlehem, in accordance with messianic prophecies.

 Although the month and date of Jesus’ birth are unknown, the church in the early fourth century fixed December 25 for the celebration.

The celebratory customs, associated in various countries with Christmas, have a mix of pre-Christian, Christian and secular themes and origins.

 Popular modern customary rites of the yuletide include gift giving; completing an Advent calendar or Advent wreath, playing of Christmas music and caroling, viewing a Nativity play; exchange of Christmas cards, church services, special meals and the display of various Christmas decorations, including Christmas trees, Christmas lights, nativity scenes, garlands, wreaths, mistletoe, and holly.

In addition, several closely related and often interchangeable figures, known as Santa Claus, Father Christmas, Saint Nicholas, and Christkind, are associated with bringing gifts to children during the Christmas season.

Gift-giving and many other aspects of the Christmas festival involve heightened economic activity as the holiday has become a significant event and a key sales period for retailers and businesses. The economic impact of Christmas has grown steadily over the past few centuries in many regions of the world. With regards to all these, Mr. Osei has urged all to consider their financial strength when spending for the Christmas celebration.


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