GAPNEWS

GAPNEWS Rural Banks build capacity in fraud prevention The Association of Rural Banks (ARB) has organized a four-day capacity building workshop on risk management and fraud prevention for staff of selected rural and community banks (RCBs) drawn from across the country in Kasoa in the Central Region. About 40 participants in managerial functions in various fields of operation including audit, human resources and IT were empowered on sound risk management practices and how to handle the threat of fraud in their respective institutions. The training programme was held in collaboration Microfin Consult and RIMCS Consult—a consortium of microfinance and risk management experts—and with funding from the German development agency, GIZ. National President of the ARB, Daniel OheneKwekuOwusu, in his opening remarks, indicated that the training programme was timely and appropriate considering recent happenings within the country’s financial landscape and underscored the need for RCBs...

GAPNEWS What Business Owners Should Look Into As a business owner, it can be said that your work is never done. There is always more that you can do to improve your business as well as the public’s perception of your brand. This isn’t an easy path to be on, however, there is so much you can learn and several ways you will grow as a result. As the owner of a business, you should be investing your time in strategizing and looking for ways to scale your company. On that note, here are five things that all business owners should take the time to look into. 1. Updating Products + Services To begin with, it’s crucial that you focus on updating your products and services. This is what attracts your customers, so you want to be sure you give them the highest standard possible. A way to achieve this would be to pay attention to customer feedback. Through social listening, you’d be able to hear what people are saying about your brand. The feedback you get will give you indicators rega...

GAPNEWS 6 BITTER TRUTHS NO ONE EVER TOLD YOU ABOUT SMALL BUSINESS As a small business owner, nothing motivates like the hope that your enterprise will eventually buy you financial freedom. Sadly, it's not every entrepreneur that gets to see this reality. It has been reported that only 33% of small businesses make it to t heir 2nd year anniversary. Although most entrepreneurs set out with foolproof business plans, well researched market analysis and an attitude that could bring down the moon, they seem to loose motivation, money and the enthusiasm to continue as time goes on. It is my opinion that such entrepreneurs got more than they bargained for because they were not prepared for the challenges when the complex responsibility of maintaining the balance in a densely competitive market place came knocking. Below are 6 little truths every small business owner should know about small businesses. 1 . IT TAKES TIME TO BREAK EVEN  Many startup entrepreneurs entering the mark...

GAPNEWS It would be extremely disastrous if Mahama was to reclaim the presidency . While some of us really appreciate discerning Ghanaians apprehension over Mahama’s desperate attempt to reclaim the presidency, the NDC loyalists, unfortunately, seem oblivious to the apocalypse of Mahama returning to the Jubilee House. Mind you, it would be extremely disastrous if Mahama was to reclaim the presidency, given the calamitous errors in judgement which led to the massive economic meltdown. Despite all the harsh economic conditions amidst corruption allegations (Bus branding, Brazil World Cup, SADA, SUBA, GYEEDA, SSNIT, NCA, Ford Expedition Vehicle, amongst others), which led to his 2016 humiliating election defeat, Ex-President Mahama can still muster the courage to stage a comeback. Why wouldn’t discerning Ghanaians dread and emit grave concerns over the return of a former president who has more alleged bribery and corruption scandals hanging around his neck than any other pres...

GAPNEWS Our worst is your best; your ‘chalewote’ can’t match our boots – Bawumia to NDC Vice president Dr Mahamudu Bawumia says despite the fall in value of the cedi against major trading currencies, the Akufo-Addo government has better managed the local currency than the previous government. Commenting on the cedi depreciation for the time in Accra Wednesday, Dr Bawumia said available data have shown the government has performed well in managing the local currency which recently exchanged at 5.8 cedis per dollar. According to him, the cedi which depreciated by 8.4 percent in 2018, which is so far the worst under the current government, is in fact the best performance the previous government under John Mahama recorded within its four-year period. “Data on the annual rate of depreciation of the cedi in recent years shows that the worst performance so far under the NPP government, that worst performance is better than the best performance under the previous government bet...