BAMPOURI INSIGHT

According to M E Porter which he described cost leadership strategy as cost business strategies as when a company tries to provide a product at lower cost than any of its competitors and also a margin of flexibility to a firm to lower price if the competition becomes stiff and jet to earn more or less the same level of profit. To our observation to this, a company or firms competitive advantage depends on low cost of their products and services against it competitors.    Porter’s explanation for this is that firm with high market shares are successful because they pursued a low cost leadership cost strategy. Commenting on this; we also realized that cost leadership strategy can also be called as low cost strategy. Assumption was given to firms or company that win its market shares by appealing to cost conscious and costumers being sensitive to low price of commodity with its target market by creating customer values and wants. To succeed in offering the lowest price s...

What are ten (10) ways that the Ghanaian tax system should be improved? The complexity of Ghana's tax system places a high value on tax administration. The term "good tax administration" refers to the tax legislation as well as the effective and efficient tax operations used by the tax authority to collect taxes from its targeted tax payers (citizens). Taxes collected in a variety of ways, although most people associate taxation with income tax (taxes from both corporate and individuals). Individual income tax payments are costly not just for taxpayers who spend time and money preparing and filing forms, but also for the Ghana Revenue Authority (GRA). The following are some suggestions for improving Ghana's system of taxation:           Trying to educate the general public: Educating the general populace about the purpose of taxes in Ghana will enable high patronage and will increase the tax system in Ghana, which will be used to provide infrastructure,...

Propensity to consume (Economies), as  the proportion of total   income   or an increase in income that consumers tend to spend on goods and services rather than to save. The ratio of total consumption to total income is known as the   average propensity to consume; an increase in consumption caused by an addition to income divided by that increase in income is known as the marginal propensity to consume . Because households divide their incomes between consumption expenditures and saving, the sum of the propensity to consume and the   propensity to save   will always equal one. Ghana being classified as a developing country is due to, our level of poverty in the country. The question is that, why Ghana and the other developing countries have a high Marginal Propensity to Consume and yet the size of the National Income is low? This because Ghana and other developing countries are been classified as a lower income country and also goes a lot in line wi...

The Multiplier (K) is the ratio of a change in National Income to the change in government spending that cause it. The mechanism that gives rise to a multiplier effect is that an initial incremental amount of spending can lead to increased in consumption spending, increasing income further and hence further increasing consumption and whiles The  Marginal Propensity  to Consume (MPC) is defined as the proportion of the aggregate raise in pay that is utilized on the consumption of goods and services opposing to the amount being saved. It can also be defined as Induced Consumption as this shows the consumption of goods and services due to increase in disposable incomes. The relationship between the Multiplier (K) and Marginal Propensity to Consume (MPC) is that, the multiplier relies on the MPC (Marginal Propensity to Consume) in an open economy. So, if there is an increase in the MPC it will eventually be an increase in the Multiplier and vice verse. Some consu...

ACRONYM'S IMF ERP GDP SAP VAT MTEF BOG GCB SSB GNPC PUFMARP IRS CEPS EPA International Monetary Fund Economic Recovery Program Gross Domestic Product Structural Adjustment Program Value-Added Tax Medium-Term Expenditure Framework Bank of Ghana Ghana Commercial Bank Social Security Bank Ghana National Petroleum Corporation Public Financial Management Reform Program Internal Revenue Service Customs, Excise and Preventive Services Environmental Protection Agency     "Structural adjustment" is the name given to a set of "free market" economic policy r eforms imposed on developing countries by the  Bretton Woods institutions  (the World Bank and IMF) as a condition for receipt of loans, and SAP's are designed to improve a country's foreign investment climate by eliminating trade and investment regulations, to boost foreign exchange earnings by prom...