As stated in Section 28 of The Public Financial Management Act, 2016 (Act 921), the Minister for Finance is enjoined to not later than the 31st of July of each financial year, prepare and submit to Parliament a mid-year fiscal policy review.
The mid-year fiscal policy review shall include the...
Negotiating for mutually beneficial outcomes, as rightly pointed out by Patrick Collins, Gavin Kennedy, Chris Voss, et al., "should be the definitive aim of any negotiations." Despite the competitive nature of negotiations, options that benefit both parties encourage cooperation, mutual respect, and opportunities for long-term sustainable relationships.
While most negotiation...
Apply the Rule of 72
The rule of 72 simply computes how fast your money grows given an investment return over a period. It is one of the most useful ‘must-knows’ for every avid investor aspiring for financial Independence. This is because it demystifies your ability to become financially independent...
The peculiar nature of banking business has ensured that over the last few centuries, secrecy and confidentiality have been essential pillars across the industry.
The preservation of these core elements of banking business has promoted the industry and insulated customers from the prying eyes of adversarial competition and even perceived...
When most people hear the word ‘automation, their eyes start twitching with confusion. Take it up a notch to Robotic Process Automation (RPA) and our heads are spinning. But did you know RPA is all around us? Think back to how banks were run years ago – long queues just to withdraw...
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on August 17, 2022, decided to increase the policy rate by 300 basis points to 22%.
The decision taken at the extraordinary MPC meeting follows last month’s decision to pause the recent interest hikes. In the MPC press release,...
The world of diplomacy. It hit the headlines after the Australian High Commission was accused of ‘unfair and unjust treatment’ by a Ghanaian former employee, Mercy Catherine Adjabeng. This accusation is playing out in the court of public opinion after a press conference highlighting the allegations. There is an...
A business idea is registrable as a private company on the undertaking of its founder(s) to contribute capital toward the company’s activities in consideration for rights and interests in the company as well as liabilities. Capital contributed (paid up, partly paid or unpaid) as part of the primary capital-raising...
Every new employee must tread cautiously when he enters, walks and works in new corridors of any work organisation. This is because he might not know so many things and everything about the new work place, including rules and regulations, executives of the institution, clients, stakeholders, shareholders, regulators and...