When businesses fail, people lose their jobs, taxes decrease, the economy goes down, the crime rate goes high and the citizens of the country suffer. But what factors that cause business failures in Ghana?
Opanin Kofi Asaam is 74 years and has been farming cocoa all his life. He lives alone at Tenyikwa, a village in the Asikuma-Odoben-Brakwa District of the Central Region. His children are not into cocoa farming now.
There are a lot of money mistakes we commit in our daily lives that goes a long way to affect us directly or indirectly, these money mistakes are things we do not necessarily take notice off but engage in them and see them as a normal lifestyle.
Former Deputy Minister of Trade and Industry Carlos Ahenkorah has criticised Nigeria’s “bullying attitude” that led to the closure of its land borders from August last year to December this year and has indicated that such incidents will not be condoned under the African Continental Free Trade Area (AfCFTA) regime.
Parliament has enacted the Anti-Money Laundering Bill 2020 to strengthen Ghana’s anti-money laundering legal framework and help the country exit the “grey list” of the Financial Action Task Force (FATF).
The Securities and Exchange Commission, SEC has revealed that 2,802 clients of defunct fund management companies have received full or partial payment of their investments under the government’s bailout package for the industry.