Current Issue : July-September Volume : 2024 Issue Number : 3 Articles : 5 Articles
Global remittance flows have increased rapidly in recent years and are considered by previous governments in Ghana as being of high policy interest particularly in analyzing their impact on economic development and security. Remittances have grown remarkably during the last two decades, constituting a large source of foreign exchange flows to developing countries. This in turn has excited considerable interest among economists and policymakers seeking to have a clear understanding of the role and importance of remittances. However, to understand fully the impact of these flows, it is important to measure them accurately. Bank of Ghana’s Balance of Payments (BOP) has not fully captured the volumes of these flows, evidenced in its current estimation method. Compilation of remittance aggregates had been a very tricky job because no single data item in the balance of payments framework comprehensively captures transactions in remittances. This article intends to take a critical look at some of the issues in compilation and analysis of remittances in the World Bank and Bank of Ghana data for the period 2016-2022. In the process of content analysis, secondary data was used through sources which include text books, journal articles, reports, internet and more importantly, from the library and the websites of Bank of Ghana (BoG); World Bank and Auditor General statement on Bank of Ghana Foreign Exchange Receipts. The findings of the paper revealed that for the seven years BOP data presented, showed that inward remittances have increasing considerably despite the issues that arise from compilation and analysis of remittances, including difficulty in obtaining migration and other statistics, identification of transaction channels, and disparities between the World Bank and Bank of Ghana data on inward remittances....
The provision of local financial independence increases access to public services, improves the distribution of reserves and the efficiency of utilities, and boosts local economic capacity. This article presents the methodology for calculating the index of local financial independence, which comprises six main indicators: local revenue independence, non-tax revenue independence, tax independence, financial capacity, the ratio of capital costs, and local expenditure independence. The result of the local financial autonomy index is calculated based on a total of 210 samples from 21 provinces of Mongolia, covering the period from 2013 to 2022....
The problem of the stability of budget revenue and expenditure has been the subject of research for many years. However, there is still a need to monitor this phenomenon to achieve a correct balance in the budget because of the instability of different factors in the economic surroundings that affect the budget. This is especially important in developing countries undergoing economic transformation, and Poland is still in that process. The study aims to assess changes in the Polish state budget's size and revenue and expenditure structure between 2000 and 2022. The method of comparative analysis over time is used with the actual value of the money concept, measures of dynamics, structure, GDP ratios, statistical description and coefficients of dissimilarity of structures. Analyses have shown a permanent imbalance in the Polish budget. However, the budget's primary result oscillates around zero and both revenues and expenditures have gradually increased. The volatility of budget revenue and spending is moderate. Only the use of EU funds is characterised by high volatility. The emerging crises (e.g. Russia's war against Ukraine and the coronavirus pandemic) have a negligible impact on the budget structure, but they influence its level of expenditure. The changes in Polish budget size are generally due to inflation, economic growth rates, and the inflow of funds from the European Union budget....
Financial crises are recurrent events with profound economic and social implications. Accurately predicting these crises is of paramount importance for policymakers, financial institutions, and investors. This abstract provides an overview of a study that explores the utility of Logit models in predicting financial crises and their ability to provide insights into the factors contributing to these crises and the value of Logit models in predicting financial crises and gaining insights into their underlying drivers. Such predictive models can enhance risk management strategies and help prevent or mitigate the devastating consequences of financial crises. Future research could focus on refining the model by incorporating additional data sources and improving predictive accuracy further....
The Project Management Office (PMO) wonder is a dynamic and constantly changing establishment in the project environment. The roles, functions and practices expected of the PMO differ as widely as the industries and organizations, which host them. By uncovering the various definitions, documented history of the PMO and its practices, this article attempts to explain how PMOs have developed to current times, how PMOs develop their methodologies and how crucial PMOs are in the Malaysian Banking Sectors....
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