MANY Ghanaians have many reservations and suspicions to wholeheartedly support national tourism development as a result of ignorance, misconceptions and myths about the multi-purpose and multi-million dollar universal and dynamic modern industry; a huge national challenge which has negatively impacted and impeded Ghana’s accelerated national tourism development progress over...
Leadership by facilitation During the industrial age, the great entrepreneurs collectively built businesses and business processes that required the minimum amount of thinking from the rank-and-file worker.  The assembly line is a classic example of the model for this kind of workplace.  The average worker’s work was reduced to a...
It has been over a decade since the idea of having a common currency for the countries in the Economic Community of West African States (ECOWAS) was first proposed. The idea was that such a currency would have the following advantages: the benefits of economies of scale, free movement...
The International Monetary Fund (IMF) was established to ensure global economic stability. This is done by providing financial assistance to countries facing economic difficulties. In recent years, the IMF has been involved in providing bailouts to several African countries that are struggling with their economies. The IMF bailout comes with...
“Strength lies in differences, not in similarities”…...Stephen Covey Hello Readers, for the past two weeks, my risk binoculars has zoomed in on the beautiful and modern banking hall designs. These new designs are in line with the Central Bank’s cashlite policy of encouraging the use of more electronic-based transactions....
Our unforgettable today is Jean Baptiste Colbert. He is one of those who made their way to the list of unforgettables not for ideas but for practice. Jean Baptiste Colbert did not sit to put together a body of thoughts or ideas. He did not write essays nor teach in...
Winners never quit, and Quitters never win Quickening the Pace of Digital Banking Last week we examined some critical training needs that financial institutions can help bridge the gap to ensure their staff fit well into the digital banking era.  In the advisory role that the few branch staff left...
Finance and Risk are two crucial issues in the world of business that cannot be over-emphasized. Finance is the heart and soul of any business; it plays an essential role from its establishment to its growth. I’m tempted to define ‘finance’, though most of us have an idea of what...
Last week, I highlighted a series of concerns currently being expressed among some bank staff working in the digital banking era. Their concerns mostly harbour around the positive but intrusive 4th Industrial Revolution where most transactions are powered by artificial intelligence, and the power of collaboration with fin-techs is...