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Personomics

have you realised that you sometimes made decisions without considering all relevant factors? 


come back later and see how i tease you about those mistakes you made

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Inflation: a brief overview

There is much talk about inflation in the media in recent times. “Radioteleconomists” have presented different and ofthen misleading interpretations in discussions. This piece  seeks to present the subject from a somewhat informed perspective. Inflation, properly defined is a continuous increase in the general price level in an economy over a given period of time. It is calculated by measuring how prices of selected goods and services change over a given time. So if the rate of inflation is 10% for a given month, it means that the price level of all the goods under consideration have increased by 10% over the level of the previous year’s corresponding month. So say, January last year against January this year. Assuming that it costed 100Cedis to buy a set of 20goods under consideration (i.e.CPI basket) in January 2011, it now cost 110Cedis to buy the same set of goods in January 2012. The price increase should however not be due to improved quality. An improvement in quality w...
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What is happening to the Ghanaian banking sector? Part 2

In this second part I propose a rough guide to determine where to take your deposits or savings. It won’t make you an expert but it would be a fine starting point. I stated e arlier  that banks lend to businesses who in turn pay interest. The stock exchange is a market where companies sell shares. That market reflects (or it is expected to reflect) what is happening to businesses in general. You have to watch that market as an investor even if you don’t hold any shares (the Composite Index). On a daily bases, the stock exchange reports the performance of the firms listed on the exchange. You should look out for the overall performance of the stock exchange as a signal of what kind of interest you should expect to receive on your deposit. The Ghana stock exchange rarely crosses 30% (per annum). This means that the guys who actually do “real work” don’t even get more than 30% in 12months. So if the bank or savings and loans company or pyramid scheme tells you they can pay you 3...
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Labour wastages in the public sector of Ghana

The inefficiency observed in the public and civil service in Ghana is often lamented by people in the fields of administration and economics. Let us expand this observation, the causes and some possible solutions. The government has the largest wage bill in the country, yet if the productivity of governmental organisations are measured and juxtaposed to those of the private sector, it will be revealed that the government is not getting what it should from the wages it pays. This should be a source of concern to the tax payer since this is an inefficient use of the taxes we pay from our hard earned incomes. If these inefficiencies are not removed the taxpayer would be slaving for a longer time before they get the desired benefits for which they pay taxes. The number of people in the public and civil service are too many in some departments and organisations and are too few in others. For this reason, one will often notice duplications in the roles played by many a civil servant. ...
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