Category: Business

Why credit rating agencies are still getting away with bad behaviour

International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse of New York City in the mid-1970s, the Asian financial crisis of 1997 – 1998, the Enron scandalof 2001, to the global financial crisis of 2008. All of these cost investors globally billions.

Read more

Ghana hopes ‘Year of Return’ will boost tourism. But caution is needed

Ghana has designated 2019 as the Year of Return to commemorate 400 years since the first enslaved Africans arrived in Jamestown, Virginia in the United States. The government has been running a massive marketing campaign targeting African Americans and the diaspora, and various events have been arranged. The focus has been on memorialising the liberation from slavery. But it has also served as a marketing exercise to popularise Ghana as a tourism destination with Trans-Atlantic trade appeal.

Read more

China’s tobacco industry is building schools and no one is watching

Would you send your child to a school named after a cigarette brand? What if it was one of only two schools in your area and boasting far better infrastructure? What if the school also had an inspirational slogan such as “genius is from hard work, tobacco helps you excel” on a sign or its walls, and a tobacco company’s logo on its building? Would you care if the school was built by a tobacco company?

Read more