Over the years, companies have found various ways to incentivise their existing staff and attract excellent employees on the job market away from their competitors. They typically achieve these through attractive benefit packages which are given to employees as part of their terms of contract. These include sign-on bonus,...
The cost of healthcare has been on the increase all over the world. Globally, healthcare expenditure has been projected to reach US$8.7 trillion by 2020. Ghana seems to be on track with an average of 8.6% of government’s allocation to the sector. Though this figure seems commendable, yet it...
Mobilizing domestic financial resources like savings is crucial for Africa’s developing economies. Savings are important because they permit investment, which in turn increases the productive capacity of an economy.
They also play a significant role in financial intermediation in a sense that savings funds intermediated by the banking system can...
No president has ever been so happy and bragged about his economic policies than his Excellency Nana Akufo Addo has done in the past twelve months. He is very proud of Ghana's growth and also boasted about the free education offered hundreds of thousands of schoolchildren.
However, though he is...
Game theory analyzes behavior when decisions must take into account the potential actions of opponents
Anyone who has had to make a strategic decision taking into account what others will do has used game theory. Think of a game of chess. The outcome of the game depends not only on...
It appears government’s decision to ensure the commencement of its tax stamp policy on March 1st this year may hit a snag, because some importers, exporters and beverage manufacturers are up in arms about implementation of the policy.
The manufacturers and importers say in principle, though, they are not against...
We have discussed how the OODA loop - or the Observe, Orient, Decision, Action loop - works in helping to make better decisions. The first and the important thing to remember about the OODA loop is that it is mainly concerned with situations that involve split-second decision-making. Considering the fact...
This article is based ‘loosely’ on my same-topic interview for GBC Radio’s Uniiq Business Hour programme of last Thursday, the 15th of February; it is by no means a full and comprehensive look at Business Plans.
There are a lot of myths and misperception regarding what a Business Plan is,...
Africa’s population and labor force are growing rapidly, but opportunities for decent employment are expanding at a slower pace.
According to the African Development Bank, the gap between the number of labor market participants and available wage job opportunities widens by approximately eight million annually.
Young Africans are disproportionately affected by...