"Commitment in the face of conflict produces character." - Mark Twain
Dear readers, last week I shared some sentiments about how relationship banking can be optimised as a risk management tool. I concentrated on how customer visits and face to face meetings with borrowing customers could reduce loan defaults to...
Imagine this scenario; you are the Chief Executive or Founder of a company. It may be new, in the growth phase, or mature and established. I offer to give you money, technological infrastructure, access to new markets, training for existing staff, and I bring in some other experts for...
The Ghana Cocoa Board (COCOBOD) signed a loan agreement in September last year with 25 banks to borrow US$1.3billion. The facility was critical in COCOBOD’s pursuit to purchase a total of 850,000 tonnes of cocoa from farmers for the crop season.
Amid fears that the loan cannot be repaid, the...
Identity fraud and fraudulent transactions are major risks in the global banking system, and that is why financial institutions go to great lengths in trying to insulate banks from cybercrime and other fraudulent activities.
In fact, PwC’s Global Economic Crime Survey 2016 revealed that cybercrime has now jumped to the second...
Performance Management is possibly the 2nd most confusing business process after Change Management. Performance Management is simply about promoting a continuous appraisal of employee effectiveness. This appraisal function can turn eventually into a continuous process where organizations / managers and employees liaise to enhance better planning, monitoring and reviewing...
A bouquet, according to the Oxford dictionary is “An attractively arranged bunch of flowers, especially one presented as a gift or carried at a ceremony”. These are flowers which are selected at the discretion of the florist or any other person who chooses to arrange them in a bouquet,...
Communicating effectively has become a necessity for most organisations and business executives, especially in a digital epoch where every action and word of an individual or company is instantly exposed to public scrutiny, criticism and global circulation.
Indeed, Wharton School of the University of Pennsylvania, through its online business analysis...
It appears the central bank is not taking its oversight responsibilities lightly in the wake of the scandal that hit the microfinance sector in recent times, roughly two years ago. The new Head of Other Financial Institutions Services Department (OFISD) of the BoG, Kofi Amoa-Awuah, says his outfit has...