The High Cost of ‘I Do’: Experts Warn Against Overspending on Weddings

The rising cost of weddings in Ghana has sparked widespread conversation, with financial experts and industry professionals urging young couples to prioritize financial responsibility over extravagant celebrations.

Speaking on Business Breakfast on Zed, wedding planner Bernice Darkowaah cautioned couples against succumbing to social media pressure and borrowing heavily for their big day. She revealed that financial strain from wedding expenses has led some couples to divorce shortly after marriage.

“I’ve seen couples borrow huge sums of money just to fund a grand wedding, only to struggle with debt after marriage. Some even lied to their partners about their financial capability, only to confess later when the pressure became unbearable,” she said.

Darkowaah advised couples to plan realistically based on their budget, settle on a reasonable guest list, and save towards their wedding instead of taking loans.

“If you plan ahead—maybe a year or six months in advance—you can save towards your wedding and avoid unnecessary financial stress. I always tell my clients, ‘You don’t need a $5,000 dress to look beautiful. A well-chosen dress within your means will still make you stunning on your big day,’” she emphasized.

Is Taking a Loan for a Wedding Worth It?

While addressing the controversial issue of wedding loans, Darkowaah admitted that while they allow couples to have the wedding they desire, the downsides far outweigh the benefits.

“After the wedding is over, the reality sets in. You’re left paying off a loan for an event that lasted only a few hours. It can feel frustrating, especially when you have other financial responsibilities,” she warned.

She recounted instances where vendors had taken couples to court over unpaid balances, adding that unless couples had a stable income and a clear financial plan, wedding loans should be avoided.

Are Weddings Planned for the Couple or for Society?

According to Darkowaah, 90% of couples unknowingly plan their weddings based on societal expectations rather than personal fulfillment.

“Many people spend huge amounts to impress others. I’ve seen couples who didn’t even taste their own wedding food after paying 500 cedis per head for catering. They’re too focused on what people will say or how their wedding will trend on social media,” she observed.

However, she noted that some couples now prioritize their own happiness, choosing intimate ceremonies over grand social spectacles.

Cutting Costs with Off-Peak Weddings

Adding his voice to the discussion, insurance and finance professional, Edward Kwadwo Owusu advised couples to consider holding their weddings during off-peak seasons or on weekdays to save costs.

“There are peak seasons when everything is expensive, but during off-peak times, prices drop. Some people now hold weddings on weekdays to reduce guest numbers naturally, since many people will be at work. It’s a smart way to cut costs without offending anyone,” he explained.

He also highlighted the growing trend of couples opting for simple traditional weddings followed by a legal signing at the court, eliminating the need for an expensive white wedding.

“At the end of the day, it’s about the experience. If something won’t add real value to your wedding, and people will forget it once they leave, then don’t waste money on it,” he concluded.

The Bigger Picture

With statistics showing that 56% of newlyweds find themselves in debt due to wedding expenses—many of whom later consider divorce due to financial strain—the discussion surrounding the affordability of weddings in Ghana remains critical. Experts agree that while weddings are significant milestones, financial stability should not be sacrificed for a one-day celebration. The message is clear: plan wisely, spend within your means, and focus on the marriage, not just the wedding day.