Debt is an amount of money borrowed by one party from another. By ‘debt’ we mean financing with explicitly costs or interest to pay, usually bank debt. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal...
In an effort to help individuals to make sound financial decisions, whether you are beginning your professional career, an entrepreneur, a trader, employee or nearing retirement, the financial literacy series will provide you with the tools and resources you need to make informed decisions regarding your financial well-being now...
Health-care and our hospitals. Two issues on Ghana’s mind this week. Our Vice-President Dr. Bauwmia was flown to London to seek emergency medical treatment. That news ignited a flurry of headlines, social media engagement and a series of discussions and disturbing revelations about the state of our health systems.
There...
Most start-up businesses face several difficulties which sometimes shut down their startup business in the initial years of operation. It could be failure to meet tax requirements, failure to identify leakages in cashflow, failure to identify creditors or recognise deficiency in financials. This is because most startup business owners...
So, I received quite a number of emails early this month to share some insights on managing a new business venture and the things to expect.
First of all, expect nothing: just enjoy the free ride of the adventures. The secret to the process and eventually mastering the craft of...
There’s no gainsaying that food, agriculture and agribusiness have a substantial economic, financial, social, and environmental pawmark. According to Mckinsey, the $5 trillion Agribusiness industry represents 10 percent of global consumer spending, and 40 percent of employment. The Word Bank gives the industry 10% of global GDP (barring any...
Most start-up businesses face several difficulties which sometimes shut down their startup business in the initial years of operation. It could be failure to meet tax requirements, failure to identify leakages in cashflow, failure to identify creditors or recognise deficiency in financials. This is because most startup business owners...
The preferred approach to mitigating the risk inherent in a credit relationship between a lender and borrower is usually through the use of collateral. Both lenders and borrowers benefit from the pledging of collateral using well-designed and well-operated collateral processes. Legal claims are reduced when the secured creditor is...