Starting a small business in Ghana is an exciting opportunity requiring careful planning, extensive research, and adherence to legal obligations. In this article, the essential steps and factors for starting a successful small business in Ghana are explained, so you will gain in-depth knowledge as a budding entrepreneur. We’ll delve into crucial aspects such as market analysis, business planning, legal…
f you are a football fan, you didn’t miss the news about the parting of Graham Potter and Chelsea, Brendan Rodgers, and Leicester. These two key events marked the decisive end of the first quarter of 2023 in football. Chelsea’s decision, for instance, to part ways with their manager, probably came after a careful look at his performance and a…
Today, we are coming in to help you fix one key problem that’s hurting most online businesses: DM for price. Imagine supervising a day’s work at your supermarket. The aisles are packed with shoppers, and items are getting restocked one after the other. However, every 5 minutes, a shopper comes to you to ask for the price of an item.…
It’s Global Money Week, a time for timely conversations about the ever-present topic that makes life go round. The first quarter of 2023 has been quite bumpy, with numerous unpleasant news in the media and some interesting news in football. Furthermore, the financial industry has taken a lot of hits, with increased fraudulent activities and the closure of formerly successful…
The Nkosuo Loan program has been launched by Mastercard Foundation, in partnership with the National Board for Small Scale Industries (NBSSI) as an Emergency Program to support micro, small, and medium-sized enterprises (MSMEs) and start-ups in Ghana who have been affected by the ongoing pandemic. The program which falls under the general NBSSI Mastercard Foundation Recovery and Resilience Program for…
Outsourcing Accounting services is defined as purchasing an accounting service from an outside vendor rather than hiring an in-house Accountant. The prime objective of outsourcing an accounting service is to reduce costs. As companies grow, the amount of paperwork explodes too. This leads to several problems, from overburdened employees to outdated and inefficient processes through to non-compliance and errors. To…
For some time, small business owners in Ghana have been in expectancy of more information on the COVID19 Relief Fund for SMEs. In a nationwide address on Sunday, 5th April 2020, the President, His Excellency Nana Addo Dankwa Akufo-Addo announced the establishment of the Coronavirus Alleviation Programme (CAP), as part of measures to effectively manage social and economic recovery in…
SMEs are the lifeline of our economy in Ghana. However, many SMEs have been excluded in the financial services due to sometimes high cost associated with accessing financial services. So we have compiled all banks in Ghana and their charges, right from the minimum opening balance, cost of cheque books to commission on turnover and e-banking or mobile services charges.…
Building a business is already hard! This makes running it in the face of a global pandemic, like the Coronavirus crisis, much more difficult. Many pronouncements have been made of the disruption that we may experience as a result of this pandemic, comparing it with the financial crises in 2008. Prominent venture capital firm, Sequoia, has already declared Coronavirus as…