The interconnectedness of economic elements can often create a domino effect, where a ripple in one sector can trigger a tidal wave in another. This is notably observed in the relationship between inflation and poverty. Recent events in Ghana provide a stark illustration of this phenomenon. The country, celebrated...
International trade chiefly involves the activities related to the worldwide exchange of goods and services to satisfy consumer needs. The said activities include acquiring, managing, and developing financial, physical and human resources.
International Retail has a broader scope. The Wiley Online Library breaks down International Retail as the following:
“International retail...
Introduction to Correspondent Banking
Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
Governments around the world have indeed taken on more and more functions over time. As a result, they now guarantee the operation of many services once provided by the private sector. They also collect massive amounts of taxes and often demonstrate inefficiencies in their operations.
However, it is essential to...
In the challenging and dynamic business environment of Africa, success can be hard to come by. The continent is home to a diverse array of markets and economies, each with its own unique opportunities and obstacles. To thrive in this environment, businesses need to be agile, innovative, and laser-focused...
Financial literacy is often thrown around, but what does it truly encompass? Financial literacy is the ability to understand and manage your money effectively. It is the knowledge and skills that empower you to make informed financial decisions, navigate complex financial products, and ultimately achieve your financial goals. Whether...
Football is one of the most beloved sports throughout the world. This game carries fans more than any other game worldwide. There are an estimated 3.5 billion soccer fans around the globe, making soccer the top sport globally. Cricket, hockey and Tennis stand second, third, and fourth respectively.
The beauty...
Ghana, the Heart of Africa, has long been celebrated for its stable political environment and progressive democratic governance. The nation’s commitment to conducting regular, peaceful presidential elections stands as a beacon for other developing countries seeking to strengthen their democratic institutions.
In 2016, Ghana witnessed a notable presidential election that...