A Simple Framework for thinking about your business
People often ask me, “how do you see the year going? Will it be a good year or a bad year?” I respond with a shrug and say, “Whether it’s a good year or a bad year for everyone else, we’ll make it a great…
How to get a SSNIT Clearance certificate
What is a SSNIT Clearance Certificate? A SSNIT Clearance Certificate (SCC) confirms you met your all SSNIT obligations on the date of issue. The Social Security and National Insurance Trust (SSNIT) issues these certificates. When do you need a SSNIT Clearance Certificate? ● To bid…
The Expatriate And Ghana Pension Law – Frequently Asked Questions
Q1. What is the national pension scheme in Ghana? A: The National Pension Scheme is a 3-tier scheme created under the National Pensions Act 2008, Act 766. The tiers are: ● Tier 1 – the first tier is the Basic National Social Security Scheme for…
How to protect yourself against computer viruses
It has never been more important to guard your business against the threat of computer viruses. In fact, in 2017 alone, a new type of malware emerged every 4.2 SECONDS. What is a computer virus? In short, it’s a malicious software that can damage or…
How to register a company with SSNIT
The Social Security and National Insurance Trust (SSNIT) is a public trust. It manages Ghana’s Basic National Social Security Scheme. In this brief blog post, we explain which documents you need for registration, how to register, and what happens if you do not register. Is…
Building A Career Is Like Building A Skyscraper
Looking back on my 38 years as an accountant, the years I’ve spent building my career is a little like building a skyscraper. Today, I am the result of choices, experiences, and the trials of life. I – and my career – didn’t just happen….
Online banking saves you money! Use it!
Are you worried about using online banking in your business? Not sure if it’s safe? Like you, we had concerns. We hesitated in using online banking tools, even though they’ve improved considerably over the years and are available across Ghana. Instead, we persisted with “traditional…
7 Simple Steps To Improve Control Over Petty Cash
Petty cash, also known as petty cash fund, is a small amount of cash on hand that is used for paying small, everyday business expenses. Examples of petty cash use includes payment for postage, phone cards, and reimbursing travel expenses. The amount in a petty…
Written Employment Contracts Are There To Protect You. Use Them!
When you hire a new employee, it is good business practice to offer them a contract. A contract of employment can be verbal, or it can be written. Where most small businesses run into trouble is in their reliance on verbal agreements, opting not to…
Move with the times, or face losing your business
I work in Ridge Tower, in the financial district of Accra, Ghana. Ridge Tower is a high-rise building housing a bank, a leading property management company and some departments of the Social Security and National Insurance Trust. Around my office, you will find more high-rise…
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