Business Management,Finance &Tax

Monetary policy all over the world have been pursued together with fiscal policies to ensure economic progress is achieved while fiscal and other macroeconomic challenge are address. These policies and strategy have been dynamic in line with global trend in order to be relevant. Monetary policies involve the use of difference measures with aims of regulating the values, supply and the cost money in consonance with the expected level of economic activity.The main objective is to ensure price stability and maintenance of balance of payment equilibrium while creating employment and sustainable development.      For instance, in the history of Ghana economic development, the introduction of policy rate by Bank of Ghana as a central policies tool started in 2002.The rate has been peaked at 27.5%  since  2003 and declined to 12.5% in August,2007. After these period,it increases to 18.5% in september,2009 and decline to 12.5% gain in november,2011. For...

   Globally, both small and larger business play an important role in the promoting grassroots economic growth and equitable sustainable development.The revitalization of small business will greatly contribute to the socio-economic development of Africa continent if all stakeholder work toward creating enable environment for growth.    Business  in both developed and developing economic have proved to be engine for economic growth.In developing country like Ghana,small business provide vast majority of job and that there is clear evidence that growth is a driver of economic growth.      However, small business in Africa experience a little to no growth and have low success rate of transformation small business to more productive company.This may dues to the lack of awareness of the right place to follow and inability to access to right information and support to develop such as access to finance.     Despite all the chal...

    Tax reform agenda have been traditionally focused on the increase public revenues in an economically efficient manner. However, Prichard (2010), argue that there is a case for linking revenues enhancement more explicitly to broader government objective.It should also been noted that increased domestic revenues generation will only lead to improved development outcome if new revenues is translated into productive driven sector.    In Ghana  for instance,Tax reform was introduced in 1983 as an instrument for accelerate growth, reducing poverty and dependence on aid to finance  government expenditures.The critical issues has been generating revenues using tax instrument that are least harmful to the poor.The current tax reform focus on two component of taxes, thus direct taxes and indirect taxes.Studies of the distributional impact of the tax in Ghana suggest that direct tax are most poverty-friendly while indirect tax have effect on the poor. ...

 In today global economy, African remain a weak line toward industrialization.If the world are to achieve sustainable development goal as per United Nation 2030 Agenda, this must help African countries to accelerate its development by promoting rapid and responsive to industrialization.   Africa economy must moves beyond the producing raw material to build dynamic and competitive manufacturing sector with higher value added chain. They must draw on the opportunity present by the participant in the global and regional value chain. New and innovation industrial development strategy as well as carefully target measure to attract foreign direct investment.      To succeed ,Africa government will need adequate capacity, competent and skillful workforce to mobilize and interact with all stakeholder in order to serve as attractive investment climate. The necessary reform will open the way for public- private partnership which will provide investment for infrastr...

  The major innovation in taxation in the economy is the the creation and development of progressive tax systems which play a key role in the reduction of income inequality and support  the economy growth      A proportional tax system, assesses tax rate to taxpayers regardless of income or wealth. It is meant to create equality between marginal tax rate and average tax rate paid. Under a this tax system, individual taxpayers pay a set percentage of their income regardless of total income earned. For example, an income tax of 10% that does not increase or decrease as income rises or falls results in a proportional tax. In this example, an individual who earns $20,000 annually pays $2,000 under a proportional tax system, while someone who earns $200,000 each year pays $20,000 in taxes.       The progressive tax system, assess tax liability as an individual or entity's income increases. Tax burdens are meant to b...

The companies operating in different jurisdiction around the world are subjected to varies level of taxes depending on the sector they are operating in, project location and whether listed on the  Stock exchange. Most businesses are liable to both either direct or indirect tax.    In Ghana, for instance, the current government has made numerous promises regarding the current economy crisis through tax reform policy as per their 2016 manifesto as the way of reviving the economy and to attract investors toward the socio-economic development.    Many research analysts have expressed their opinion about the potential revenues loss and implication of tax reduction and-and removal of nuisance tax from the existing tax systems as a way of broadening the tax base and to create enable the environment for business to function effectively.However, the business community needs to gain the better understanding of key change in Ghana tax system as a way of revam...

  There have been a lot of debate with regarding the continually falling of Ghana cedis against other currency.Many Currency analysts have expressed their opinion about the performance of  Ghana cedis (GHC)  against trading partner currency since the most important part price in any economy is the price of at which domestic currency trade against its trading partners.In another word, the rate at which the domestics currency can be exchange  in a global Forex market determine how we live generally which directly affect almost every economic activities  A focus on financial service delivery sector is not certainly bad ideas. However, the question as been asked with regarding the depreciation of Ghana cedis and whether it will continue to fall i foreseeable future. According to the research analyst, the health of the cedi is a reflection of the real sectors of Ghana’s economy which are currently weak and unstable. Figures available to from the Bank of...

    Business around the world are continually identifying, interacting and building closer bond with their  customers on social media in a way that is completely upending traditional marketing  practice and levelling the playing field for small and medium sized enterprise    In Ghana for instant, many business have tapped into global arena of using social media tools to reach customers directly and intimately, though many more are missing out on the experiences. Facebook, Whatsapp, Twitter and Linkedin are the most popular platform for most business but you will also find that astute company promoting highly impactful content on Google Plus, Youtube, Pinterest etc Customer Residing Location     For Small and Medium Sized Enterprise to remain relevant in a competitive world of business, they would need to understand how their customers engage in social media.The primary reason is to help reach  out with customers with intention...

   Many business today operate within complex and competitive environment and likely to suffer the crisis throughout their life cycle and this could lead to the failure or require recovery.Therefore it is very necessary to proffer solution in accordance with business structure, economic circumstance and financial availability.    Business today may required turnaround  due to fundamental challenging such as lack of fund, ineffective personnel, poor products/services, and weak marketing strategy which may lead to business distress and therefore will require a recovery strategy. Management Diagnosis   The success and failure of any business in the 21st century will depend on the management team capacity which is crucial for the good health of any business. Therefore management need to put together good business plan worthy of business growth, profitable and sustainable. A diagnosis of business performance and position should be regularly be re...