It appears government’s decision to impose a 17.5 percent VAT on mobile phones is causing consternation among traders and some economic thinkers. The Ghana Union of Trader Associations (GUTA) has fired the first salvo and is asking government not to contemplate any such imposition. GUTA’s point is that while they...
Though some doubts were entertained as to the feasibility of government’s proposed ‘One District, One Factory’ industrialisation programme, news by our Northern regional correspondent filtering in from Tamale suggests strongly that the programme is gearing up to take-off in the northern ecological zone as preparations are finalised. Implementation teams, we...
Since 2000, at least half of the world’s fastest-growing economies have been in Africa. And by 2030, Africa will be home to 1.7 billion people, whose combined consumer and business spending will total $6.7 trillion. Seven years ago, the Harvard Business Review pointed out that Africa is also home to many of the...
Ghana saw the birth of an independent Nuclear Regulatory Authority (NRA) when the Nuclear Regulatory Authority Act, 2015 Act 895 was passed in August 2015. This was followed by the transfer of some Staff of the Ghana Atomic Energy Commission to the Authority to form its nucleus on January 11,...
In today’s article I choose to speak about ‘Trust’ in business relationships, and how relevant it is in personal growth from a personal experience. Trust is a strategically critical issue in any type of relationship, because a relationship without trust is not really a relationship at all. Over the...
When countries experience a sudden large increase in income, the consequences can be harmful Miguel de Cervantes Saavedra, the celebrated 16th century Spanish author of Don Quixote de la Mancha, once said that “the gratification of wealth is not found in mere possession or in lavish expenditure, but in its...
In academic circles, the subject of socialization is generally defined as a process where an individual internalizes the norms and ideologies of society. This definition is a significant truism that anchors on the totality of our culture; which has agriculture as a fundamental feature. Before modernity pulled our population from...
On 15 March, 1962, President John F. Kennedy sent a special message to the US Congress in which he formally addressed the issue of consumer rights. He was the first world leader to do so, and the consumer movement now marks 15 March with World Consumer Rights Day every year as a means of...
In a bid to rid the country of the fear that has accompanied the recent spate of armed robberies, lawlessness and general insecurity, President Akufo-Addo has outlined some measures his government is undertaking to beef-up security and ensure citizen-protection. Apart from securing CCTV cameras to be installed at all police...
People who have no access to bank accounts or other financial services – typically women and the youth – are unable to send and receive payments or store money. This puts a brake on their contribution to economic growth. On the other hand, when these excluded groups, particularly unbanked women,...