The Ghanaian business environment is dominated by Small and Medium-Sized Enterprises (SMEs) representing 85% of businesses and contributing 70% of Ghana’s Gross Domestic Product (GDP) according to the Association of Ghana Industries (AGI). However, this very important business segment continues to face a myriad of challenges including access to...
On Thursday, 7th January, 2021, a few minutes after the swearing-in of the president-elect, Nana Addo Dankwa Akufo-Addo, a few thoughts ran through my mind about the advancement of our cherished country, Ghana. Generally, official ceremonies do not appeal to me much until there is an effort from all...
One of the banes of a fast-paced existence is missed opportunity, especially when it comes to introspection. Therein lies the functional benefit of commemorative days; they make you stop to reflect on one thing that you may have glossed over for many days. International Women’s Day allows us to...
Extant research reveals the adaption and implementation of pension schemes in jurisdictions such as the United States of America date back to the 1600s, specifically, 1636. However, considerations for and implementation of same in Ghana came into effect during the 1940s under the then Gold Coast, the country’s name...
As the world gears up for another International Women's Day to commemorate the cultural, political, and socioeconomic achievements of women; challenges persist as gains in certain quarters have been eroded.
This year’s theme, "Break the Bias’’ is apt given that women constitute a key percentage of the global population. Today,...
Financial independence is having enough income to pay your living expenses for life without having to be employed for salary or depend on others for handouts or loans. 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...
Potential causes of a bank liquidity crisis
Liquidity crises may originate from a variety of sources, including internal and external fronts. Just as a rainbow may draw attention to impending rains, a liquidity crisis usually precedes a bank collapse, if not managed effectively. Some of the collapsed indigenous Ghanaian banks...
International women’s Day
One of the banes of a fast-paced existence is the missed opportunity, especially when it comes to introspection. Therein lies the functional benefit of commemorative days; they make you stop to reflect on one thing that you may have glossed over for many days. International women’s day...
“Your most unhappy customers are your greatest source of learning” ~ Bill Gates
The bank and customer relationship or the contract terminates by closure of the account at the request of either party. This can be by mutual agreement, or after a customer has transferred the balance on the account.
However, by...
