💰Money

Money, in its simplest form, is a tool that facilitates the exchange of goods and services. It acts as a universally accepted medium of exchange that allows us to buy a loaf of bread, book a holiday, or even purchase a house.

Money has other functions like being a store of value, people can hold on to it for the future and expect it to maintain its value and even grow.

Another function Money has is unit of account so like a measure of value, Money allows us to state wealth in terms of a monetary unit rather than the goods owned or produced. For example the average price of a three bedroom house in Accra may be in the $300,000 range, while in Lome it is in the $200,000 range. It is easier to make value comparisons with money than with say number of cows or acres of land.