GHANA’S DEBT-TO-GDP RATIO AND THE DOWNGRADING BY STANDARD AND POORS

 

 

GHANA’S DEBT-TO-GDP RATIO AND THE DOWNGRADING BY STANDARD AND POORS – WHAT TO MAKE OUT OF IT.

MANY PEOPLE ARE WORRIED ABOUT GHANA’S CURRENT DEBT SITUATION, AND THE DOWNGRADING BY THE RATINGS AGENCY STANDARD AND POOR’S. BUT IS THE SITUATION REALLY AS BAD AS IT SEEMS? Continue reading “GHANA’S DEBT-TO-GDP RATIO AND THE DOWNGRADING BY STANDARD AND POORS”

GHANA HAS COMMISSIONED THE AfCFTA SECRETARIAT – CONGRATULATIONS!

THE AFRICA CONTINENTAL FREE TRADE AREA

GHANA HAS COMMISSIONED THE AfCFTA SECRETARIAT – CONGRATULATIONS! TODAY THE PRESIDENT OF GHANA HAS COMMISSIONED THE SECRETARIAT OF THE AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA). THIS IS A GREAT CHANCE FOR AFRICA AS A WHOLE, SO TO BOTH OF YOU – USE IT! Continue reading “GHANA HAS COMMISSIONED THE AfCFTA SECRETARIAT – CONGRATULATIONS!”

HOW TO START SAVING AND INVESTMENT

HOW TO START SAVING AND INVESTMENT…

EVERYBODY WHO GOES TO CHURCH KNOWS THAT HE/SHE SHOULD GIBE 10% OF HID/HER INCOME TO RGE CHURCH. THEREFORE, GIVE TO THE STATE WHAT IS THE STATE’S, AND GIVE TO GOD WHAT IS GOD’S. BUT WHAT ABOUT YOU YOURSELF? YOU MUST LOOK INTO THE FUTURE WHEN YOU ARE NO LONGER ABLE OR WILLING TO WORK.

Continue reading “HOW TO START SAVING AND INVESTMENT”

THE NECESSITY OF MICRO AND SMALL BUSINESSES ACCOUNTING

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THE NECESSITY OF MICRO AND SMALL BUSINESSES ACCOUNTING- WHAT FOR?

MANY PEOPLE THINK THAT ACCOUNTING IS SOMETHING FOR “BIG BUSINESS”. THEY ARE AFRAID OF SOMETHING LIKE “DOUBLE ENTRY”  AND OTHER ACCOUNTING TERMS DIFFICULT TO UNDERSTAND. BUT DOES THAT FEAR REALLY HAVE A FOUNDATION? Continue reading “THE NECESSITY OF MICRO AND SMALL BUSINESSES ACCOUNTING”

RE-ORGANISATION OF RECKLING ENTERPRISE AND GHANA RESEARCH

 

  • OVERVIEW

AS YOU ALL PROBABLY KNOW, WE ARE SPECIALISED ON FINANCING, INVESTMENT, AND BUSINESS MANAGEMENT FOR MICRO AND SMALL ENTERPRISES. UNTIL NOW, WE OFFERED EVERYTHING THROUGH THE WEBSITE https://www.ghanaresearch.org, WHICH MEANS THAT TOO MANY SERVICES ARE OFFERED ON ONE WEBSITE. THIS MAKES THE SERVICES CONFUSING.

ADDITIONALLY, MANY OF THE SERVICES DID NOT FIT. PUBLISHING, EDUCATION, AND CONSULTANCY ARE NOT NECESSARILY ON THE SAME LEVEL. EDUCATION AND PUBLISHING ARE MORE THEORETICAL, WHILE CONSULTANCY DEALS MORE WITH PRACTICAL PROBLEMS. AS ONE OF MY SUPERVISORS IN THE LAW COURT ONCE SAID: “LADIES AND GENTLEMEN, NOW THAT YOU ARE HERE IN THE COURT, YOU CAN FORGET ABOUT 95% OF WHAT YOU HAVE LEARNT IN UNIVERSITY. IT HAS NOTHING TO DO WITH REALITY.”

THEREFORE, MY TEAM AND I HAVE DECIDED TO SPLIT THE CONTENTS OF THE WEBSITE. GHANA RESEARCH WILL IN FUTURE SOLELY COVER EDUCATION AND PUBLISHING. ON THE OTHER HAND, ANYTHING CONNECTED WITH CONSULTANCY AND PRACTICAL ASSISTANCE WILL BE OFFERED BY RECKLING ENTERPRISE DIRECTLY THROUGH THE WEBSITE https://www.recklingenterprise.com

Continue reading “RE-ORGANISATION OF RECKLING ENTERPRISE AND GHANA RESEARCH”

RE-ORGANISATION RECKLING ENTERPRISE AND GHANA RESEARCH

I REALISED THAT THE SERVICES WE OFFER ON THIS WEBSITE MIGHT BE A LITTLE BIT CONFUSING. PUBLISHING, EDUCATION, AND FINANCIAL CONSULTANCY DO NOT FIT ON ONE WEBSITE. THEREFORE, I DECIDED FOR THE RE-ORGANISATION  RECKLING ENTERPRISE AND GHANA RESEARCH. I WILL SPLIT THE SERVICES IN A WAY THAT I DESCRIBE NOW. Continue reading “RE-ORGANISATION RECKLING ENTERPRISE AND GHANA RESEARCH”

THE CORONA VIRUS AND THE ECONOMY IN GHANA

THE CORONA VIRUS AND THE ECONOMY IN GHANA
PEOPLE TALK MUCH ABOUT THE EFFECT THE CORONA VIRUS WILL HAVE ON THE ECONOMY IN GHANA. AS UNDERSTANDABLE THIS DISCUSSION MIGHT BE, IS IT REALLY NECESSARY/ AND MORE IMPORTANTLY, WILL THIS DISCUSSION CHANGE ANYTHING?

IT IS TRUE THAT THE PANDEMIC HAS A STRONG EFFECT ON ECONOMIES WORLDWIDE. COMMODITIES, INCLUDED COCOA, HAVE GONE DOWN. OIL PRICES PLUNGED, AND STILL PLUNGE, IN RECORD SPEED. EVEN, THE GOLD PRICE HAS GONE SOUTHWARDS IN RECENT DAYS, THIS IS AGAINST ALL EXPERIENCE WE HAVE FROM OTHER CRISES. THEREFORE, ALL THAT SHOWS THAT THE CURRENT HEALTH CRISIS HAS AN IMPACT ON ECONOMIC DEVELOPMENT WORLD WIDE. BUT, CAN WE CHANGE THAT?

YES, WE CAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BUT NOT BY DISCUSSING PERMANENTLY HOW THE CORONA VIRUS AFFECTS THE ECONOMY IN GHANA. WE CAN ONLY CHANGE THE IMPACT OF THE CRISIS ON THE ECONOMY BY FIGHTING THE CRISIS ITSELF. WE DEFEAT THE CRISIS SUCCESSFULLY, THE REBOUND OF THE ECONOMY WILL COME ALMOST AUTOMATICALLY.  NEW INVESTMENTS WILL FLOW INTO ANY COUNTRY WITH A STABLE DEMOCRACY.  AFTER A BIG PLAGUE HIT GREAT BRITAIN SOME CENTURIES AGO, THE END OF IT WAS THE START OF INDUSTRIALISATION  THERE. FURTHERMORE, HISTORY GIVES OTHER EXAMPLES OF A NEW BEGINNING AFTER A CRISIS, ESPECIALLY AFTER A HEALTH CRISIS.

HERE IS WHAT THE WORLD – AND GHANA – HAS TO DO:

  1. DEVELOP A VACCINE AGAINST THE VIRUS AS SOON AS POSSIBLE.
  2. KEEP TO THE STRICT – BUT SIMPLE – INSTRUCTIONS CONCERNING HYGIENE AND SAFETY.
  3. SUPPORT YOUR NEIGHBOUR BY ADVISING HIM/HER AND STAND BY HIS/HER SIDE.
  4. DO EVERYTHING TO SUPPORT THE GOVERNMENT WITH KEEPING THE HEALTH EFFECTS OF THE VIRUS DOWN.

IF WE KEEP TO ALL OF THAT, WE WILL ALSO KEEP THE ECONOMIC EFFECTS ON OUR LIVES DOWN. STATISTICS HAVE SHOWN THAT THE PEAK OF VIRUS WILL PROBABLY BE 30-40 DAYS AFTER THE FIRST APPEARANCE.

https://www.investopedia.com/

AS A CONSEQUENCE, TRY TO KEEP THE HEALTH EFFECTS OF THE CORONA VIRUS DOWN, AND YOU WILL ALSO KEEP THE EFFECTS OF THE VIRUS ON THE ECONOMY DOWN.

AS A RESULT, DON’T TALK SO MUCH, BUT ACT. 

THE CORONA VIRUS AND THE ECONOMY IN GHANA ARE VERY MUCH ATTACHED TO EACH OTHER. BUT, THE EFFECTS DEPEND ON HOW MUCH WE DO TO FIGHT THE HEALTH CRISIS.

KEEP IN MIND: CORONA PRODUCED A HEALTH CRISIS, NOT AN ECONOMICAL ONE!