Retirement planning now – IIRetirement planning is simply defining your pension income for ‘tomorrow’ with deliberate actions and decisions necessary to achieve same. In many developing economies, pension is dreaded by many. In the case of Ghana, research indicates that only 2 out of every 100 Ghanaians retire financially...
“Quitters never win, and winners never quit”****This article was first published in February 2020***Whenever I watch how some local entrepreneurs’ businesses collapse, causing loss of jobs and reputational damage, I find myself filled with mixed emotions. However the interesting thing about famous successful personalities who “fail” is, THEY LEARN...
The Discovery of crude oil in the Middle East changed their fortunes because of continuous demand for the commodity. Life does not exist without energy. In today’s world, fossil energy/crude oil is considered one of the most prominent energy sources with a large global market.Renewable energy is catching up....
“Someone is sitting in the shade today because someone planted a tree a long time ago” Warren BuffetI wish to dedicate this article to two groups of people: The first group is the Board, Management and Staff of Universal Merchant Bank, (UMB), formerly known as Merchant Bank (Ghana)...
A successful process of raising funds for your business is the first step towards achieving success. Your business may not be able to materialize productive investment opportunities without access to easy and timely finance.Whether it’s a start-up or an expansion, financing is a crucial step towards business success. Generally,...
“If you make customers unhappy in the physical world, they might each tell SIX friends. If you make customers unhappy on the Internet, they can each tell SIX THOUSAND friends.” Jeff Bezos Customer Exits and RiskDear bankers, I am sure you have all gone through a painful customer exit...
National sovereignty, peace, financial prosperity, and territory management have been the building blocks for independence. Although the world has entered a much more civilized and democratic era, human nature to win and rule has never changed. In the recorded human history of 3400 years, there has been peace for...
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...
“Your most unhappy customers are your greatest source of learning” ~ Bill GatesThe 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...
