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  • Development & Growth

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    Labor & Industrial Economic Relations (1)

  • Guts and Grit: The Compelling and Inspirational Stories of Six Successful Ghanaian Entrepreneurs

    How can a nation address the menace of a growing number of unemployed youths? Why is the private business endeavour perceived largely as a big risk? What does it take for one to brave the storm and establish a flourishing enterprise? This book highlights the success stories of some of Ghana’s current entrepreneurs despite all the obstacles they have faced. Guts and Grit serves as a revelation to our public officials and the society at large towards a behavioural change in how private enterprises are seen, regarded and treated.

    The frank and engaging case studies provide the catalyst for dismantling the obstacles to achieving business success. The success stories so freely shared offer a source of inspiration and a springboard to the young people who would be willing to take up entrepreneurship.

    ***

    Guts and Grit is a book that chronicles the gut-wrenching stories of entrepreneurs who have braved significant odds to build viable businesses in a developing economy context.

    In choosing to write this book, Alex Banful, the author could not have made a better choice. The choice of entrepreneurship should not be surprising, given that there is at least four decades of scholarship to demonstrate that entrepreneurship, new business venturing, and the development of small and medium enterprises are crucial to Africa’s growth.

    Guts and Grit will soon become a leading cross-over entrepreneurship textbook that will be useful

    for executive training, undergraduate and postgraduate training programmes in Africa and other emerging economy contexts.” − Prof. Robert E. Hinson, Ph.D., DPhil.; Deputy Vice-Chancellor, University of Kigali, Rwanda

  • Perseverance Conquers All: The Autobiography of Kantinka Kwame Donkor Fordwor

    As a very poor boy, Kantinka sustained himself in school by selling firewood. He walked four miles every day from village, Breman, to Kumasi to attend school. He recounts how by dint of hard work, he sailed through elementary and secondary school to the Graduate School of Wharton even though fate had prevented him from doing sixth form studies. He recollects how at St. Augustine’s College, Cape Coast, he was cured of a strange disease by a traditional priest. His beloved wife had to discontinue her studies to help him complete his. Kantinka thus passed through a darkness of life which continued in his working life.

    His decision to provide a house for the Executive Chairman of the Capital Investments Board, in order to save the Board huge sums of money in rent payments, was so maliciously interpreted that he was editorially castigated and lambasted. His ingenious polices that eventually helped to raise the capital of the African Development Bank from US $200 million to US $100 billion was rewarded with his dismissal as the President of the Bank.

    He incurred the ire of his enemies for the appreciation he received from three Kings of Asante Kingdom.

    Perseverance Conquers All portrays these midnight sides of Kantinka’s life to let his sun shine brightly. His wife gave him six children any father could wish for, whom he educated as a very responsible father. Providence made him help Ghana in its financial difficulties when he became the virtual Minister of Finance during the reign of Colonel Acheampong. His input to the progress of the Catholic Church has even been more monumental as explained beautifully in the book. Kantinka is indeed the sun at midnight.

    Reliance on God, patriotism, philanthropy, hard work, good family life, good parenthood, honesty, and magnanimity is what this life story portrays. This is a book that all must have and read: the student as well as the teacher; the Christian, husband and patriot.

  • Central Banking in Ghana and the Governors: Institutional Growth and Economic Development (Hardcover)

    A charge of chariots of fire, this is not just a book about the financial history of Ghana in spite of its formative challenges but a centenary work of West Africa – regional monetary evolution and global multilateralism. For devout bankers, intelligentsia, historians and aspirants, this is the one. Elegantly written, it establishes Agyeman-Duah as an unavoidable historian of the Bank of Ghana. — Jewel Howard-Taylor, Vice-President of the Republic of Liberia

    The Bank of Ghana is technically a better institution than it was thirty years ago. Even governments are less inclined towards interventions in its work. It is different from other captured public institutions where economic decision-making is with a political lens. — Prof. Ernest Aryeetey, Former Vice-Chancellor of the University of Ghana and Co-editor of The Economy of Ghana-Analytical Perspectives on Stability, Growth and Poverty

    The Bank of Ghana is leading central banks in the sub-region with regards to the use of technology in the finance service industry … countries in Africa are now learning from Ghana’s digital payment regulations. — Mohammed Sanusi Lamido, Former Governor, Central Bank of Nigeria and the 14th Emir of Kano

    Ghana has in recent years been one of Africa’s more successful economies – from its colonial journey through Heavily Indebted Poor Country (HIPC) to stable modern democracy. Agyeman-Duah has a sound appreciation of the difficulties of transforming a producer of commodities of raw materials into a prosperous mixed economy. Now an oil economy, the test ahead is, will Ghana at last be able to control its own economic destiny; free of obligations to donors and the storms from world commodity markets? — Frances Cairncross, Rector Emeritus, Exeter College, University of Oxford and Former Managing Editor, The Economist

  • Critical and Biographical Essays of Nana Dr. S.K.B. Asante: From an African Village to the Global Village and Back (Hardcover)

    Few Ghanaians of any generation have had a career as long, as varied, and as consequential as Nana S.K.B. Asante’s: government attorney; law teacher; international public servant; constitution framer; adviser to sovereign parties; commercial arbitrator; public intellectual; traditional monarch. Just as impressive is the fact that, in each of these substantial roles, Nana has left a trail of writings. My own first encounter with Nana’s scholarship happened during my time at Yale Law School, his alma mater. As an editor on the law review, I was curious to know whether any Ghanaian had been published by the prestigious journal. My search led me to a fascinating article on Ghanaian property and customary law written by Samuel K.B. Asante in the 1965 volume of the journal. At the time of my discovery, his was the only article by a Ghanaian published in the 100-year history of the journal. I would later discover many more of his academic writings, some of which I assigned to my class in my years as a law teacher.

    This book collects in one volume some of Nana’s mostly “non-academic” writings. The essays tell, in characteristically fine prose rich in biography and history, the story of an intellectual-technocrat keen to use his wealth of knowledge to address contemporary problems of development and to put that expertise in the service of his country–and of the developing world at large. The publication of this selection of Nana S.K.B. Asante’s writings, in the 90th year of his life, is a monumental accomplishment and a befitting capstone of a long and distinguished career.

    PROF. H. KWASI PREMPEH
    Executive Director of Ghana Center for Democratic Development

     

    The incredibly rich collection of writings by the eminent international lawyer, scholar, respected global development expert and prominent traditional ruler, Nana S.K.B Asante, takes the reader on a remarkable journey of nearly seven decades of illumination. His vivid experiences, enormous achievements and witty recollections reveal the remarkable growth of a curious mind and a disciplined intellectual dedicated ultimately to the service of humanity from his native village to the global village. In characteristic modesty, Nana claims not to be a historian, but this book is a historical gold mine filled with nuggets of analysis on the evolution of education, law, science, social policy, public service, constitutional development, nation building and chieftaincy in Ghana, enriched with valuable insights into the solid contributions of illustrious men and women. His penetrating and critical analyses of international development cooperation in the fields of investments, energy, water and natural resources in Asia and Africa must be lessons for all developing countries. This rich resource book is highly recommended.

    DR. AGNES AKOSUA AIDOO
    Former Social Policy Adviser, UN Economic Commission for Africa

     

    This masterpiece by Nana SKB Asante which narrates his life journey from his hometown at Asokore to Achimota, academia, diplomacy and finally back home is unique, inspiring and educative. The Book covers a broad spectrum of academic disciplines including constitutional law, commercial law, criminal law, international law, chieftaincy, leadership and governance, sociology, history and religions. It provides a vivid account of the constitutional history of Ghana from the author’s personal knowledge. The author who had the singular honour to chair the Committee of Experts which gave birth to Ghana’s 1992 Constitution also held the positions of Solicitor-General and Deputy Attorney-General under different democratic and military governments. Nana SKB Asante has used simple diction to convey his wealth of knowledge, experience and wisdom, acquired from both local and international levels in different capacities to inculcate in his audience the spirit of patriotism. The book is a must read!

    JUSTICE DENNIS DOMINIC ADJEI, FGA
    Justice of The Court of Appeal

  • 101 Ways to Find the Money to Save and Invest: Wealth Creation Ideas for the Very Poor and the Not So Poor

    Investment opportunities are as many as human needs, wants and desires. Thus the aim of this compilation is not to attempt a comprehensive coverage of investment opportunities. In fact, we are not even competent to do so as assuredly our names do not feature among the investment gurus and practitioners.

    However, we trust many will read this book and expand their knowledge base of investments as others have done to bail themselves out of abject poverty. We hope this book will be read by all classes in the society but particularly our target audience, namely those below middle class most of whom earn less than USD 2,000 per annum, for whom the teachings in this book would be a life-transforming experience.

  • Money Brain: Career and Money Management in Your 20s and 30s

    In a voice that is at once friendly, engaging, and insightful, the author uses personal stories and anecdotes to illustrate how he navigated tough decision moments in his career and money journey. The book is also furnished with practical worksheets to guide readers on their own journeys of self determination and financial planning. And finally, the book includes clear graphs, data, and research on income and spending patterns for people in their 20s and 30s.

    Whether you realize it or not, your success or failure in several of life’s endeavors can ultimately boil down to your mindset. Money Brain: Career & Money Management in Your 20s and 30s is a book about nurturing a mindset that teaches your brain to master and navigate issues of career and money. These are issues that every young person must face in those critical years of early adulthood.

    If you have been searching for a simple guide to help you navigate career and money, you have come to the right place.

  • 5 Ghanaian Presidents and China: Patterns, Pitfalls, and Possibilities

    In Five Ghanaian Presidents and China, Lloyd Amoah tackles China’s meteoric rise to global prominence and what this means for African countries including Ghana. Focusing on Ghana’s relations with China over the last sixty years, the work discusses and interrogates how generations of Ghana’s leaders, from Kwame Nkrumah to Akufo-Addo, have approached the China question since the 1950s.Combining archival data, policy information, interviews and conversations with former Ghanaian presidents, scholars and high state officials, with the sounds and sights from his long years of travel through China and intimate observation of Ghanaian policy formation processes, Amoah, finds that ultimately Ghana’s engagement with China is a matter of strategy. In this work the case is made that descriptions of China’s engagement with Africa as “neo-colonial” are both alarmist and simplistic. Five Ghanaian Presidents offers a far more nuanced account and shines some light on how African and other countries in the Global South can exploit China’s tectonic reshaping of global trade, technology, diplomacy, finance, politics, business and economics.

  • Who Owns the Land and Who Rules the Land?

    Ghana is undergoing her fourth experiment in Constitutional Rule − the 4th Republic. She was the first Black African country south of the Sahara to gain her political independence in 1957 but economic independence has eluded her till now. Her development is at a snail-pace at best.

    According to the author, there are certain fundamental bottlenecks in the country’s governance system which make it difficult for her to realize her economic potential. The author compares Ghana’s governance system to Singapore which gained political independence around the same time as Ghana but has successfully transformed from Third World to First World economic status in 30 years and asks why the difference. The author calls for a national debate on the country’s governance system that will lead to a total review of the 1992 Constitution. The following are some of the key issues he calls the nation’s attention to:

     

    • A Feudal Land Tenure System whereby more than 90% of the land mass of Ghana is vested in the Chieftaincy institution as Stool Lands and the remaining 10% vested in the President on behalf of the people of Ghana as Public Lands. A system which greatly impedes development and benefits only a privileged few and yet there are no Land Reforms
    • The Legacy of the Colonial Indirect Rule leading to a “bifurcated state” in which traditional authority runs parallel to civilian political authority
    • An Ineffective Decentralization System which excludes the traditional leaders and refuses to allow the people to elect their own District Chief Executives whom they can hold accountable
    • An Adversarial Political System in which the two main political parties have indulged in violence since independence and thus refuse to reach consensus for national development
    • The Short Tenure of the Executive and Legislature which does not promote long term planning and execution for meaningful development
    • An expensive electoral system which engenders corruption and prevents well-meaning and qualified candidates from offering themselves for governance
    • The Lack of a National Agenda for development and dependence on party manifestoes thus ignoring the Directive Principles of State Policy. Development is thus not progressive but disjointed and depends on which party is in power
    • A Council of State which is merely advisory and has no power to serve as a check on the Executive
    • A National Mindset of Dependency Syndrome and Entitlement Mentality which has resulted in lack of effective mobilization of the populace by the political and traditional leadership. A national psyche that does not promote self-reliance and the can-do spirit
    • A Governance System which tries to copy Westminster and American systems instead of a home-grown system which suits our situation and promotes development
    • An Educational System that fails to build problem-solving abilities and patriotism into the youth and fails to make them proud of being Africans
    • A Very Strong Religious Atmosphere which feeds on superstition and does not enable the teeming members to transform their mindset and focus on teachings which promote hard work, wealth creation and prosperity
  • Inside Out: Autobiographical Memoirs

    The author recounts a journey that starts in a small town in Ghana, through an academic and professional career in finance in Canada and the United States, culminating at the Ministry of Finance in Ghana where he served as Technical Advisor to three different Ministers of Finance from different political parties.

    The memoirs depict the complexities of decision-making that combine technical know-how with political reality using several instances of policymaking and financial transactions that he led at the Ministry. For the technical reader, the author recounts a 25-year history of his involvement in many key initiatives of financial market development in Ghana.

    The sweetener in Inside Out is an interesting case study of how to navigate political transitions and maintain relevance as a senior advisor to Ministers in a “winner-takes-all” political environment.

  • In Pursuit: Journeys in African Entrepreneurship

    In Pursuit – Journeys in African Entrepreneurship chronicles the journeys of two friends whose experiences in America shaped their approach to starting their own businesses in Nigeria. Drawing on their experiences of working, building and supporting business, and exposure to multimillion-dollar projects around the world, they uncover what it takes to own, run, and grow a profitable business.

    Through their personal insights, they relay information relevant not only to entrepreneurs and investors seeking to do business in Nigeria, but anywhere on the globe―after all, the heart of business is human interaction. Their conversational banter-jab style, for which they’re known in person and on social media, invites readers into their circle where they can share the wisdom gained through continuous pursuits to fulfill their dreams.

    Business and life intersect. No matter your goal, you’re not crazy, and no, you’re not alone! Through In Pursuit, two Bendel boys invite you to laugh, yell, and reflect, as they converse from head and heart.

     

  • Contemporary Issues in Foreign Policy, Diplomacy and International Affairs

    This is a collection of essays derived from a series of symposia and online webinars hosted by the Council of Foreign Relations- Ghana.

    From the inaugural symposium chaired by Ambassador James Victor Gbeho, with addresses by The President of Ghana, His Excellency Nana Addo Dankwa Akufo-Addo, and Ghana’s Foreign Minister, Madam Shirley Ayorkor Botchwey, the CFR-Ghana elicits interesting views and opinions from people best placed to be aware of the big picture of contemporary issues in international affairs, particularly from the perspective of how they impact our African Continent.

    Totally informative and engaging, sometimes entertaining and mentally provocative, which challenges us all to seriously reflect upon contemporary issues in foreign policy, diplomacy and international affairs.

    “The setting up of CFR-Ghana is long overdue and I’m glad that finally it has been done. The Executives and Founding Members are to be commended for this achievement and I wish them the very best of luck in the years to come. “

    – H.E President Nana Addo Dankwa Akufo-Addo (President of the Republic of  Ghana)

     

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  • Golden Footprints: Memoirs of an African Development Worker

    This book is a biography within a biography; it is about the author’s life lived in the northern part of Ghana in the peculiarities of the undocumented socio-cultural uniqueness of the region. It mirrors the hard road the author and many first-generation literates of his generation have travelled in building their lives in significant ways to impact society. A major part of the book is dedicated to a narrative of the experiences of the author while working for the NGO community across the African continent. It documents the challenges these organisations faced in various countries where they facilitated development and outlines how the interventions of NGOs have benefited rural populations. It is fodder for intellectual consumption, literature for academic discourse and more information for development students and practitioners. The book documents indigenous knowledge that has hitherto been left to oral tradition and ignored in the Ghanaian education system. Finally, the book demonstrates the divine hand of the Almighty God in the life of the author as one reads through breath-taking moments of divine interventions that otherwise could have ended his life and career. All these are narrated to provide the suspense normally found in fiction books.

  • A Rose Among Thorns

    Born on 17th September 1952 in Sakyikrom near Nsawam in Ghana’s Eastern Region, Dr. (Mrs.) Felicia Boateng Danquah (nee Akotua) is the third of five children born to her parents, Mr. Jonas Akotua and Mrs. Clara Akotua.

    Due to her father’s regular transfers arising out of his employment with the Ghana Health Service, she was educated in different parts of the country, including Walewale and Bolgatanga, before entering the Komenda Teacher Training College (as it was then), where she trained as a teacher. She worked for some time with the Ghana Education Service as a teacher before going into business full-time.

    A devoted Christian and Vice President of Jofel Catering Services in Kumasi, Dr. (Mrs) Danquah is married to Lt. Gen. J B Danquah, Ghana’s Chief of Defence Staff from 2005 to 2009 and President of Jofel. The couple have six children.

    The year 2022 serves as a confluence of an important trilogy in Dr (Mrs.) Danquah’s life − her 70th birthday anniversary, the 50th anniversary of her marriage and the 40th anniversary of Jofel, one of the most iconic institutional names in Kumasi and an undoubted leader in the catering and hospitality business in the city and beyond.

    In this fascinating, yet simple, easy-to-read publication to mark these important landmarks in her life, the author recalls her early childhood experiences and family, particularly her mother Clara, who she adores, and shares the story of Jofel and its evolution to what it is today.

    She also shares her perspectives on the values she treasures that she believes have helped her enormously in her Christian faith, her marriage and family, and in building an award-winning business with the support of her family, among others.

    A Rose Among Thorns speaks to the challenges of life that most of us can identify with and seek inspiration from in the knowledge that our lives can flourish like the rose even among the thorns of life with God as our helper and beacon.

  • Failing To Win: Hard-Earned Lessons from a Purpose-Driven Startup

    In 2009, Canadian entrepreneur Mike Quinn packed his backpack and moved to Lusaka, Zambia on a mission to find African entrepreneurs building scalable, high-impact businesses. There he stumbled across two South African brothers who had founded a business to help unbanked smallholder farmers receive mobile payments in a market where cash was king. After convincing his retired parents to mortgage their house and lend him $100,000, Mike joined as a co-founder of Zoona and became CEO for nine of the next ten years.

    With his partners, Mike built a network of more than 3,000 entrepreneur agents across Zambia and Malawi that enabled millions of unbanked consumers to send and receive $2.5-billion in money transfers and remittances. Headquartered in Cape Town, South Africa, Zoona raised over $35-million of venture investment and operated on the leading edge of Africa’s emerging fintech ecosystem.

    Mike’s remarkable story gives a rare and honest glimpse into the workings of a pioneering African startup through the lens of a purpose-driven entrepreneur who went “all in”. Zoona faced tremendous adversity along the way: currency crises, investment round collapses, ruthless pushback from the major mobile network operators, and a continuous internal struggle to discover and execute a growth strategy that matched the company’s billion-dollar ambition. It was by failing to win that Mike learned what entrepreneurship is all about, and it was what motivated him to double down and try again.

    “This raw, honest account is a must-read for anyone thinking about starting a company and for every entrepreneur who feels alone in the journey.” — Elizabeth Yin, Co-Founder & General Partner of Hustle Fund

    “Startups are hard. Most people understand this. However, most people don’t understand why. Mike’s story is a rare glimpse into how challenges present themselves — and ultimately how to overcome.” — Matt Flannery, Co-Founder of Kiva & Branch

    “In a rare look behind the scenes, Mike shares a vivid picture of the other side of leadership we don’t talk about enough. As he aptly describes ‘founding, failing and winning’, this book highlights the risk of taking that all-important first step, embracing failure and ensuring you learn the transformative lessons critical to success as an entrepreneurial leader.” — Fred Swaniker, Founder of African Leadership Group

    “This story is a gift for entrepreneurs and indeed anyone wanting to learn about the first generation of African fintechs that paved the way for future companies to thrive.” — Katlego Maphai, Co-Founder & CEO of Yoco

    “Mike’s humility, resilience and depth of knowledge of how to build a pan-African business are unique, and his testimony of experience is an important short history of the fintech boom on the continent.” — Elizabeth Rossiello, Founder & CEO of AZA

    “Failing To Win is a captivating account of an incredibly talented and unusually forthright entrepreneur who built an ambitious purpose-led company that started in Zambia. At Oxford I have taught the Zoona case study to countless MBA students to show how fundamental principles of entrepreneurship can be meaningfully applied in a novel context. It just takes courageous and smart individuals who are not afraid of failing (in order) to win.” — Thomas Hellmann, DP World Professor of Entrepreneurship & Innovation at Oxford’s Saïd Business School

    “Innovation has gone global, and is transforming people’s lives around the world. But startups are risky. Sometimes they scale and sometimes they fail. In Failing To Win, Mike shares insightful lessons from his journey at Zoona about what it takes to operate with integrity, impact and inspiration in the new Frontier of Innovation.” — Alex Lazarow, Author of Out-Innovate: How global entrepreneurs – from Delhi to Detroit – are rewriting the rules of Silicon Valley

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  • Pilgrims of the Night: Development Challenges and Opportunities in Africa (Hardcover)

    Africa’s development process has and continues to be like walking through a thick forest made obscure by institutional weakness, social challenges and capacity gaps. Sustainable development should be in the hands of Africans and outside support as a critical compliment. Getting the navigation right is paramount in the face of emerging challenges so well covered in this undoubtedly important and highly recommended book. The authors argue that Africa must control its own precious natural resources, reform its government institutions, modify its trade and economic relations and form new relationships with emerging economies in order to improve conditions on the continent.

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