In pursuing profit, businesses constantly seek ways to lower costs and enhance efficiency. And economies of scale provide one of the most effective strategies for achieving these goals. Economies of scale occur when companies increase production and reduce the cost per unit, making them more competitive. This concept relies...
By Korsi DZOKOTO
The Electricity Company of Ghana (ECG), a vital state-owned enterprise responsible for the distribution of electricity across the country, is facing an unprecedented financial crisis. The company’s audited financial statements for the year ended 31st December 2022 reveal a disturbing trend of financial deterioration. This report delves...
By Samuel LARTEY (Prof)
In recent years, Ghana has witnessed a significant push toward digital financial inclusion, driven by the rapid growth of fintech and mobile banking technologies. According to the World Bank, by 2022, nearly 70% of Ghanaians had access to financial accounts, largely due to the proliferation of...
By Elizabeth PUNSU, Sefwi Asawinso
The Asawinso Rural Bank PLC in the Sefwi Wiawso Municipality in the Western North Region has held its 38th Annual General Meeting of shareholders and posted growth in almost all financial indicators for the 2023 year under review.
The bank recorded a profit before tax of...
By Dela Herman AGBO
CAL Bank PLC, a prominent player on the Ghana Stock Exchange (GSE), has faced a challenging 2024. The bank's stock, which started the year at GHS 0.48, has seen a significant decline, dropping to GHS 0.31 as of August 28, 2024.
This represents a Year-to-Date (YTD) performance...
The role of interest rates in shaping economic landscapes is deeply rooted in history. It has been influenced by evolving monetary policies, cultural beliefs, and responses to financial crises. By tracing this historical evolution, we can better understand the current role of rates and anticipate how they might adapt...
These articles, particularly ones like this, are my love letter to posterity, for they are my thoughts formed from all I have known as I witness the dynamic structures of what is and pontificate on what could be. It is much harder to choose between two timelines when all...
The Affirmative Action (Gender Equality) Bill 2024 represents a landmark legislative effort in Ghana's ongoing journey towards achieving gender parity across all sectors of society. This bill, recently passed by the Ghanaian Parliament, seeks to address the historical and systemic gender imbalances that have long permeated the nation's political,...
By Lawrence DANIELS (ACIIG)
Evolving at a break-neck pace due to strong competition and new policyholders’ needs, it becomes crucial to revise or update the insurance policy text or documents. In this regard, insurance companies need to update their policy documents to these current trends to remain relevant in the...
A striking paradox exists in Ghana: despite our people's abundant talent and wisdom, many capable individuals shy away from pursuing innovative ventures. The primary reason for this hesitation is a pervasive fear of financial inadequacy. This fear hinders the entrepreneurial spirit and stifles economic growth as potential business leaders...