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Re-denomination of the Cedi: Essential Issues and Challenges
Get PDFIn the last quarter of 2006, Ghana decided to redenominate its currency, the cedi, in July 2007. This generated a lot of arguments and debates in the country. The exercise was seen as waste of scarce resources. Many people did not even understand the term. It is therefore important to attempt a write up that perhaps will try to answer some of the questions on the re-denomination of the cedi. The study takes a look at what re-denomination is all about and the extent to which some countries had redenominated their currency over the years. A review was made of similar exercises in Zimbabwe, Turkey and Romania in recent times. The conditions needed for a smooth redenomination and the prevailing economic conditions in Ghana are analyzed here. The paper also looks at the history of re-denomination in Ghana and the way forward for a smooth exercise
Management skills and business school education – Part 1
Get PDFThis is a two-part article on critical evaluation of the role of business schools (B-Schools) in training and developing competent and effective managers. There are theoretical and applied aspects of the issues involved. This first part of the article deals with the conceptual issues on the role of B-schools in the education and development of efficient managers and management skills. The second part would critically review Ghana\u27s experience of management skills development by the B-schools. It would propose a model for consideration for our young B-schools in Ghana. This first part surveys the literature on the conceptual issues of efficient management skills and the role of the B-schools. It lays the foundation for the subsequent critical evaluation of Ghana\u27s business education and training of our managers. The first part details the worldwide utter dissatisfaction with the products of the B-schools. It reviews the reactions, opinions and research findings of management gurus, employers, CEOs, B-schools, graduates, practitioners of management, and accreditation institutions of Bschools with the products of the B-schools. It critically analyses what is meant by "effective management\u27. In the end, it reviews a six-step programme for management skills development and training in general. The basic conclusion of this conceptual overview article is summarised in Mintzberg\u27s insightful observation that: "Management schools will only begin the serious training of management when skill training in the business schools takes place next to cognitive learning." Part two will deal with the need for collaboration between the educational institutions, students, and employers in providing relevant management education by our B-schools. The role of critical thinking, team work, questioning, case studie