IN TOUGH TIMES – HOW TO STEEL YOURSELF FOR SURVIVAL

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    IN TOUGH TIMES – HOW TO STEEL YOURSELF FOR SURVIVAL

    The United States government defines tough times as two consecutive quarters of negative economic growth. If we take that strict definition by the US as a basis and relate that to Ghana’s situation, we have had a continuous negative growth for upward of eight quarters between 2012 and now. Therefore, it is justifiable to say that we are in tough times. On a personal level, you know when things are tough, the market feels soft and buyers negotiate harder than when demand is greater than supply.  If you enter any of our local markets, the market women will confirm that […]

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    HOW GHANA GOVERNMENT CAN IMPROVE INTERNALLY GENERATED REVENUE

    At the end of the recently concluded three- day National Economic forum (NEF) held at senchi near Akosombo, the delegates came up with twenty- two action points that was tagged ‘the Senchi Consensus’. One of the points in the Senchi consensus that I think should be given immediate attention if we are that serious to move forward in this country is point number eighteen (18) on the consensus list. It states that: ‘‘For the purposes of encouraging high national productivity, government, labour and the private sector must collaborate to institute a management and labour productivity crusade including the introduction of […]

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    TRAINING AND SKILL ACQUISITION- THE KEY TO AFRICA DEVELOPMENT

    Let me start this article by quoting one of the most respected men of God with great achievement, Dr. David Oyedepo, the president of living Faith Worldwide Inc. said on training in his book titled Success Systems “The future of any task is bleak without one possessing the necessary training to make it work. This is because the quality of training is what ultimately determines the degree of triumph” There is nothing that can be more factual than this wise statement by an accomplished man of God. He further stated that “training leaves for the trained, traits of excellence and […]

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    A TALE OF TWO PEOPLE – THE RICH AND THE POOR

    Many years back, when I was in the secondary school, one of the literature books recommended then for us to read in class Three  was a book titled ‘A Tale of Two Cities’ (1859), is a novel written by Charles Dickens.  This great book has a worldwide readership with well over 200 million copies sold. It ranks among the most famous works in the history of literary fiction. I want to quote the author of that book’s opening sentence for us to see what informed him to write the book some 155 years ago. The gospel which the book was […]

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    DO YOU HAVE A PERSONAL BAILOUT PLAN

    WHAT DO WE NEED AT A TIME LIKE THIS, STIMULUS PACKAGE OR PERSONAL BAILOUT PLAN (PBP)? When a business gets into financial distress and its going concern status is under severe threat, to rescue the ailing company and keep it afloat, Accountants mostly use some financial terminologies to describe such rescue operations which they called reconstruction or reorganization. A re-organisation normally involves a fundamental change in the structure of a company or group. This may include downsizing, rightsizing, freezing or cut backs just as some people are already suggesting to the present government as a result of unanticipated bloated public […]

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