“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” Winston Churchill
When one hears the word ‘risk’, the immediate reaction is “Aw…problems”. This word seems to have a negative perception and is mostly avoided. Seasoned professionals however know that risk does not always...
Africa’s foremost financial institution, the African Development Bank (AfDB), has made a compelling case for accelerating industrialisation in order to create jobs, reduce poverty and promote inclusive economic growth.
The President of the Bank believes agriculture needs to at the forefront in the continent’s industrialisation drive.
In the Bank’s 2018 Economic...
Time and time again we hear of, or witness, start-up businesses’ failures; or even worse, huge companies or projects crashing after cruising in ‘business paradise’. Like first-time walking toddlers, it is natural that all entities or initiatives have their fair share of ground-tasting. Just as some valley-of-death scenarios can...
On the back of the successful ruling in September 2017 at the International Tribunal for the Law of the Seas to define Ghana's maritime boundaries with the Ivory Coast, more news.
Subject to Parliamentary approval, this is virtually assured (the government has a majority in the House, the Legislature generally...
…lessons from the dissolution of UT Bank and Capital Bank
2 (i) Financial Distress
Financial distress is the situation when a bank cannot meet or face difficulty to repay off its financial obligations to the creditors. The chances of causing financial distress increases when fixed costs are high, assets are illiquid,...