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Let’s stop using wrong development indicators – Corporate Lawyer advises government

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Founder and Senior Partner at AB and David Law firm, David Ofosu-Dorte, has advised governments to stop using wrong indicators to measure the development of the country.

Speaking on the Super Morning Show, on what he described as “myths” hampering the development of the country, he stated that one false yardstick governments often play on is the Gross Domestic Product (GDP).

“We believe that simply when our GDP is growing, that means that we are growing,” but this according to him, is not true.

He argued that since GDP includes the amount of money that exits the economy, it doesn’t actually tell you what the indigenes are gaining, therefore, measuring growth based on the GDP does not show the actual growth rate of the country.

“So, much as I would like us to continue using GDP, we need to start measuring GNP and pronouncing it more and more”, he added.

Another myth he said we need to debunk is the contemporary justifications of our non-performance.

“The least stress that occurs in the international community, we want to rely on that as the reason why we cannot do what we are supposed to do.

It will be recalled that President Akufo-Addo, and other government functionaries, have on various occasions, attributed the current economic challenges confronting the nation, amidst the high public debt burdens, to the effects of Covid-19 which had devastated all global economies. They also cited the Russia-Ukraine crisis as having contributed to the current state of affairs.

Dr Ofosu-Dorte, however, believes the country would be better off if we debunked such mindsets and sought proactive ways of addressing pertinent challenges facing the economy.



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Oparlor.com announces presence in Ghana with exciting news

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Online store owners have an opportunity to take advantage of a new online marketplace platform that has announced its presence in Ghana.

The platform, Oparlor.com, gives designers or store owners the platform to sell their products online and reach new audiences.

Birthday glamour only comes once a year but fashion Oparlor.com is offering the opportunity for every day to be celebrated with some fabulous clothes.

The marketplace is currently offering a 10% discount on every purchase made, regardless of the amount spent and the number of times buyers may shop.

The discount feature can be accessed upon checkout by entering the discount code SHOP10OFF into the coupon code field on the checkout page.

Oparlor.com has several exciting tricks up its sleeve, treating new customers to some big surprises and delightful moments including exclusive and special offers, as well as major brand collaborations.

The platform offers convenience when shopping, unlike the traditional markets and also provides a wide range of fashion and lifestyle products.

The online platform prides itself in being a safe haven with zero chance of scams since store owners only get paid after customers have received their products.

Fashion creatives are not left out of the package as Oparlor provides a comprehensive channel to sell and promote their fashion products to reach new customers.

There are also tools to manage stores effectively with inventory management and sales reporting features, as well as all marketing costs and strategies with creative and modern marketing techniques to appeal to avid shoppers.

An important feature of Oparlor is that it does not charge a subscription or listing fee compared to other e-commerce platforms, ensuring the store owners only pay when they get paid.



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Money Lab: Ways to monitor your brokerage account

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As we learned in previous episodes, a brokerage account can be described as an account opened by an investor with a brokerage firm or company through which all transactions such as cash deposits and withdrawals, trades and transfers will be effected.

Today, we will learn how to monitor a brokerage account. Stay tuned:



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Restoring the environment takes intentional actions – Alltech CEO implores

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Dr. Mark Lyons, president and CEO of Alltech, speaking at the Alltech ONE Conference

President and CEO of Alltech, Dr Mark Lyons, has highlighted agriculture’s role in saving the planet.

Speaking at the Alltech ONE Conference in Lexington, Kentucky, he said, “the reducing is not enough; we have to do something different.

“Our belief is that agriculture has the greatest potential to positively influence the future of our planet, to provide nutrition for all and to help rural communities thrive and replenish our planet’s resources.”

He observed that governments and companies’ reduction and continuous commitments will not get the world where it needs to go.

“…the reductions, the commitments, the governments and companies make, that is not going to get us where we need to go.

“We need to have intentional action to restore our environment. We have to think of ways of lowering environmental impact and at the same time we can provide enough of that nutrition that this growing planet is going to require”, he explained.

According to Dr Lyons, progress and doing something different should involve cultivating economic opportunities through this.

“I think that the negative message of doing less, not being able to have economic, entrepreneurial and even intellectual opportunities… that is not a path forward as we see it.

“We have to think of ways where we can truly capture what is being released (carbon), I think this is going to be the most exciting and the biggest economic opportunity that is going to exist in agriculture for the future”, he added, “How do we create carbon capture in a transformative way”.

The ONE Conference is Alltech’s flagship event which continues to be an invaluable industry resource, providing innovative ideas, inspiration and motivation through world-class speakers and unmatched content.

This year’s event welcomed nearly 2,000 international delegates to downtown Lexington in the USA, with an additional 5,000 participating virtually after two years of holding the event virtually.

Dr Mark Lyons, who welcomed delegates challenged them to think about what comes next as we look toward the future. 

“It’s been almost 1,100 days since we were last together and certainly, we know a tremendous amount has changed — from social turmoil to a global pandemic and beyond,” Lyons said.

“What is this all telling us? What can we step back and think about in terms of how we progress forward?”.



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