KOFI ANOKYE OWUSU-DARKO (BLOG2)

  Vision and Mission statements ensure better focus, consistency and unity of purpose. The challenge with the statements I have come across is that they are long and winding, full of words and at times both seem to be saying the same thing. In addition, there is likely to be different versions of the Vision and Mission statements emanating from sources such as the website, annual report and the existing strategic plan of the organisation. Restating or validating an organisation’s Vision and Mission statements should be part of the process to review its Strategic Plan. The need for a restatement is prominent when staff, unless they describe the statements, are not able to recall or communicate both statements readily to guide their dealing with clients, the media, visitors and the general public. I intend to give a guide to what must constitute good Vision and Mission statements, comparing some selected organisations and why the not so good ones would need to be restated. Rest...

  The Government has given indications of an impending debt restructuring that will involve Bond Swaps including zero coupon bonds for domestic bondholders with possible “haircut” for institutional investors which includes the banks. The Government has however assured individual Treasury Bill holders that their investments are safe and this is a relief. There has been concerns as to the impact of these decisions on depositors’ funds with the banks with stories of some banks being unable to meet repayment of depositors funds or reducing the amount expected by way of interest earned by the customer, with strange reasons being attributed to the debt restructuring of GOG securities. So whereas the Government has assured individuals with Treasury Bills that they are safe from any “haircut” it seems some banks have started giving the “haircuts” on deposits. The relationship between the bank and the customer is contractual and no bank has the unilateral right to vary such contracts with...