Thursday, June 30, 2022
“If you want to know the end, look at the beginning.” – African proverb To wake up in the morning is a greater miracle for all of us. Not many of us appreciate this, but that is a discourse for another day. Today, I want us to channel our thoughts...
Investment objective is the fundamental reason for investing. Every single investment vehicle can be categorized according to three primary objectives - safety, income, and growth. The argument that an amount of money has no purpose and is just being invested for investment sake is quite mistaken. Usually, the situation...
According to the Central Bank’s Domestic Money Bank’s Income Statement, a total of GHS2.086 billion was written off as bad debt by banks operating in Ghana. The total bad debt stock was 4.7% less than that of 2020 which was GHS2.183 billion. Dear readers, last week, I shared some sentiments...
The issue of problem loans is an albatross that keeps rearing its head in the affairs of financial institutions in both and advanced and less advanced economies. Granting loans is one of the core functions of banks. What are the effects of bad loans? A bank with high percentage of bad...
2020 Honda CR-V. Black Edition. Full Option. Tear-rubber, as they call it. I wasn’t even driving that fast on the motorway. Well, it is the motorway after all but I was driving at about 50mph. Not sure how or why it happened; all I heard was a big bang...
Segregation of duties in the traditional lending process Despite the innovation and technological advancements in Banking, the SoD policy still runs supreme in all its operations. Banking depends on trust, but it is not absolute. It is better to say “Trust, but verify.” Many friendships have been broken because...
“A people will grow when their elders start planting trees whose shade they will never enjoy”, some old saying goes something like that. The word “Sustainability” could refer to the ability of an organization, a business, a person, a people, to continue over a longer period. It's highly relevant in...
As I travel across most of the countries in Africa for example, I see a continent with a bright future but bogged down by uncountable glitches, hiccups or problems stemming from the office of most of the leaders of organizations that see leadership as only a political position instead...
If there is a sport that unites and sparks much passion in our country it is football. None can rival this sport when it comes to how it captures the hearts of so many Ghanaians. When it comes to our national teams, we hate to lose - never mind...
“Explanation is not half as strong as experience, but experience is not half as strong as experience and understanding.”… Mark  Z  Danielewsky Welcome to Part 3 of this series. Segregation of duties is a key principle in financial control, aiming to reduce the risk of fraud and error. It...
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