A recent directive to financial institutions in Ghana the Bank of Ghana underscored the importance of risk management to the health of banks including Rural Banks and other deposit taking institutions in Ghana.
Banks are enjoined to set up a risk management department to identify, isolate and mitigate risks inherent...
“Every industry and every organization will have to transform itself in the next few years. What is coming at us is bigger than the original internet and you need to understand it, get on board with it and figure out how to transform your business.”
--------Tim O`Reilly, founder of...
In 2019, the Bank of Ghana announced its plans to launch a central bank digital currency (CBDC), the e-cedi, as the pinnacle of government’s 'Digital Ghana Agenda' which focuses on promoting digitisation in the financial sector.
In September 2021, Ghana became the first country on the continent to pilot a...
As we journey through the nature, potential, essential elements and pitfalls of leadership, entrepreneurship and innovation in Africa, I will use this opportunity to share some of our thoughts and viewpoints - which will hopefully be of value to leaders seeking to grow and prosper their organisations in a...
One of the upsides of empowering employees is that there is a drastic reduction in turnover of employees. When employees know that they are trusted with responsibility, it becomes more difficult for them to just walk away. People prefer places where they are valued and empowering an employee is...
A revolution is described as: (a) sudden, radical or complete change; (b) a fundamental change in political organisation, especially the overthrow of one government or ruler and the substitution of another by the governed; and (c) an activity or movement designed to effect fundamental changes in the socioeconomic situation...
“You’ve got to make your team have value, innovation and vision”…. Jack Ma
Preparing for the closing bell
For financial institutions, December is a period for re-strategizing their operations for the coming year. They do not wait for the new year before they examine their budgets, cash flows, staffing and...
Last week Friday, December 17, 2021, marked another milestone in the historical exploration of global aviation, which is worth acknowledging as it marked its 117th birthday. The success of the historical evolution in the aviation industry can be attributed to the ‘daredevils’ who through incalculable risks fine-tuned experiments to...