By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    KMA demolishes over 700 structures at Asafo, vows to crackdown on criminal hideouts in Kumasi
    July 17, 2026
    Three arrested at Accra Airport as NACOC foils attempted smuggling of GH¢100m worth of tramadol
    July 17, 2026
    23 die in Galamsey pit drownings in Ashanti as NADMO calls for rescue support
    July 17, 2026
    School Feeding Programme has been reset; indigenous meals to Boost Nutrition – National Coordinator
    July 17, 2026
    TikToker jailed one year after pleading guilty to Offensive Conduct to breach of peace
    July 16, 2026
  • Business
    BusinessShow More
    Financial Skills Hold the Key to Transforming Rural Women Farmers in Ghana
    July 15, 2026
    Gov’t to benefit a guaranteed income of GHC550 million from KGL in 2027
    July 15, 2026
    Supreme Court suspends order for BoG to restore GN Savings licence
    July 14, 2026
    Ghana reaches final stage of external debt restructuring after SADEREA exchange
    July 13, 2026
    GoldBod Jewellery launches new official e-commerce website, discontinues old platform
    July 13, 2026
  • Politics
    PoliticsShow More
    Parliament passes Tribunals Bill 2026 after contentious debate
    July 17, 2026
    GH¢11bn for Accra-Kumasi Expressway not paid to contractors yet – CAGD dismisses claims
    July 16, 2026
    AG withdraws application to revoke ex-NAFCO boss’s travel permission after order lapses
    July 16, 2026
    Miracles Aboagye’s arrest an attempt to divert attention from failed nkoko nkitinkiti programme – Ama Daaku
    July 15, 2026
    There was no GH¢55m discussion between EOCO and me – Miracles Aboagye
    July 15, 2026
  • Entertainment
    EntertainmentShow More
    X Lor opens new chapter as debut EP Tornado arrives on streaming platforms
    July 10, 2026
    Samsung Ghana powers culture and creativity at 2026 UG All Dance Carnival
    July 1, 2026
    Ghana Music Awards USA, WatsUp TV partner to amplify Ghanaian music on the global stage
    June 25, 2026
    WatsUp On Campus: Stonebwoy rocks UniMAC-IJ’s first-ever artiste night
    June 16, 2026
    itz Tiffany teases new anthem “Money” ahead of June 17 release
    June 12, 2026
  • Sports
    SportsShow More
    Late Argentine comeback ends England’s dream, sets up World Cup final against Spain
    July 16, 2026
    Ghana gears up to host ITTF-Africa Hopes Week as Africa’s young stars converge in Accra
    July 13, 2026
    GFA denies claims of taking money from players for Black Stars call-ups, threatens legal action
    July 8, 2026
    World Cup eGame competition launched in Accra
    July 8, 2026
    1XBet headlines ‘The Mall is the Stadium’ fan experience
    July 8, 2026
  • Technology
    TechnologyShow More
    GIMPA Tech Fair held as Samsung brings ‘Awesome Experience’ to event
    July 1, 2026
    Siniat joins ITALKOL and PIXEL PAINTS portfolio as ITALKOL celebrates a decade of industry impact
    June 23, 2026
    Child Rights International calls for ban on social media use for children under 17 in Ghana
    June 20, 2026
    Samsung Ghana expands access to AI-powered mobile experiences with the Galaxy A series
    June 2, 2026
    KNUST hosts FemSTEM Africa 2026 to empower the next generation of women health innovators
    June 2, 2026
  • International
    InternationalShow More
    Korea commits US$38 million to strengthen Digital STEM education in Ghana
    July 8, 2026
    QNET joins EOCO, INTERPOL regional workshop to strengthen cross-border action against human trafficking and fraud
    July 8, 2026
    High Court dismisses Abu Trica’s emergency application to halt extradition to US
    July 6, 2026
    Ghanaian students abroad to convene global forum on national development
    July 5, 2026
    Alleged romance scam: Lawyers for Abu TRICA file emergency application to halt extradition to US
    July 3, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Chinese New Year: Financial Traditions and Superstitions – Baaba Ofori Odame writes
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Features

Chinese New Year: Financial Traditions and Superstitions – Baaba Ofori Odame writes

Starrfm.com.gh By Starrfm.com.gh Published February 12, 2024
Share
Aurelia Baaba Odame Ofori, Head, Africa-China Banking – Stanbic Bank Ghana
SHARE

Modern China gets to celebrate the New Year twice a year: together with the rest of the world on 1 January and according to the Eastern calendar. This year’s Chinese New Year celebrations started on Saturday, 10 February, when China and other Asian countries welcomed the Year of the Dragon.

According to the Chinese Zodiac, Dragon, is the only mythical and the most powerful creature of the 12-animal Chinese zodiac. This legendary magical beast is symbolic of authority, honour, dignity and unprecedented opportunities.

Chinese New Year, also known as the Spring Festival, is a significant and festive time in Chinese culture. Alongside traditional customs and celebrations, there are several financial traditions and superstitions associated with Chinese New Year. Let’s look at a few;

1.           Red Envelopes (Hongbao or Ang Pao):

Giving and receiving red envelopes is a widespread Chinese New Year tradition. These envelopes usually contain money and are given to children, unmarried individuals, and sometimes even employees by their employers. The colour red is considered auspicious and symbolizes good luck and prosperity.

2.           Cleaning and Paying Debts:

Before the New Year, it’s customary to thoroughly clean the house to sweep away any bad luck and make room for good fortune in the coming year. Cleaning should be completed before New Year’s Day. Clearing debts before the New Year is also considered important to start fresh and avoid carrying financial burdens into the new lunar year.

3.           Buying New Clothes and Items:

Wearing new clothes during the Chinese New Year signifies a new beginning and is believed to bring good luck. Purchasing new items for the home, such as decorations or utensils, is also common to symbolize a fresh start.

4.           Avoiding Unlucky Activities:

Some activities are considered unlucky during the Chinese New Year, such as sweeping or taking out the trash on New Year’s Day. This is believed to sweep away good luck and prosperity.

5.           Setting Off Firecrackers and Fireworks:

The loud sounds of firecrackers and fireworks are thought to scare away evil spirits and bad luck.

In some places, governments may regulate or restrict the use of fireworks due to safety and environmental concerns.

6.           Offering Sacrifices:

Some families follow the tradition of offering sacrifices to the Kitchen God before the New Year. This is believed to ensure good fortune and prosperity for the household.

7.           Eating Symbolic Foods:

Certain foods are associated with good luck and prosperity during Chinese New Year. For example, fish symbolizes surplus and prosperity, while dumplings are believed to bring wealth.

8.           Visiting Friends and Family:

Visiting friends and family during the festive season is not only a way to strengthen relationships but is also seen as a gesture that brings good luck.

9.           Avoiding Sharp Objects:

Using sharp objects like knives or scissors is avoided during the celebration to prevent cutting off good fortune.

10.         Lion and Dragon Dances:

Performances of lion and dragon dances are common during Chinese New Year celebrations. These dances are believed to bring good luck and drive away evil spirits.

It’s important to note that these traditions and superstitions can vary among different regions and communities. While many people observe these practices, modern celebrations have embraced more contemporary elements.

So, if you happen to find yourself in China during the Chinese new year or find yourself in the Chinese community anywhere in the world, make use of this information to assimilate effectively.  The 2024 celebration is from Saturday February 10 to February 24, with each day within the period having a special significance and symbolic activity to celebrate the day.

Source: Ghana/Starrfm.com.gh/103.5FM

You Might Also Like

Opinion: KGL deal to deliver GH¢550m revenue boost for Ghana in 2027

The Insurance Gap Leaving Ghana’s Flood Victims to Rebuild Alone

Ghana’s Fishermen Look to Global Pact as Illegal Fishing Drains the Sea

As Plastic Chokes the Oceans, Funding to Fight It Is Drying Up

Reflections on Ghana and the Future it Deserves

TAGGED:Financial TraditionsSuperstitions
Share This Article
Facebook Twitter Email Print
Share
Previous Article Bridging the Gap: The Crucial Role of Financial Literacy in Inclusive Financial System                                                                                               
Next Article Kasoa ritual murder: I never planned with first accused to seek spiritual help – 2nd Accused

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?