Cash Budgetan Imperative Element of Effective Financial Management

A firm’s life highly depends on the availability of funds to meet impending obligations as well as efficient employment of excess funds so as to minimize wastages. This paper focuses on cash budgets as a tool that every financial manager should use in ensuring availability as well as effective utilization of cash. Whilst excess liquidity communicates a mangers lack of investment innovativeness, lack of funds to meet short term obligations could also depict a manager’s inability to plan on where and when to get adequate funds for business activities at a lower cost in the short term. Another area of interest in the paper is the role of effective financial management in any organization. Nevertheless, the paper concludes that cash budget preparations enable managers to identify possible future liquidity challenges and at the same time creates a platform for addressing such challenges

Mechanisms and initiatives of corporate social responsibility behaviours in Ghana: a co-integration approach

AbstractThis study examined the effects of corporate social responsibility (CSR) behaviours, mechanisms, and initiatives on the involvement of mining companies in Ghana. Longitudinal data was collected from the Ghana Chamber of Mines and Industry between 2012 to 2022. Using a co-integration approach, the study examines the relationship between various factors and CSR engagement in the Ghanaian context. The study adopted a probabilistic model to measure the robustness of CSR behaviour on CSR mechanisms and initiatives. However, no positive correlation existed between partnerships and CSR engagement, implying that any discrepancy could be attributed to contextual factors in the studied industries. While this study identifies a negative relationship with partnerships, it also highlights the positive impact of voluntary programmes on CSR engagements. Therefore, it is recommended that aligning CSR initiatives with appropriate mechanisms would enable companies to effectively and efficiently pursue their CSR objectives since CSR is integral to modern business practices

The role of female population, urbanization and trade openness in sustainable environment: The case of carbon dioxide emissions in Ghana

AbstractSustainable environment offers many benefits to individuals and societies. As a result, the agenda to reduce carbon dioxide emissions in order to mitigate climate change remains a global concern. Researchers, policymakers and governments have shown interest in this regard. Empirical studies on the subject matter have been increasing conflicting results and little evidence on the effects of some variables necessitate for further studies. To offer value to the literature, in this study, the effect of female population, urbanization and trade openness on carbon dioxide emission in Ghana is assessed. The study used the Stochastic Impacts by Regression on Population, Affluence, & Technology (STIRPAT) model as the foundation for empirical modelling. Time-series data spanning from 1971–2021 were used for regression analysis. In both long run and short run periods, urbanization was noted to exert positive influence on carbon dioxide emission while trade openness and female population exert a negative effect on carbon dioxide emission. Thus, growth in urbanization increases carbon dioxide emission while the opposite effect is the case for trade openness and the female population. Findings from the study suggest the need to intensify the empowerment of women, which could be a crucial catalyst for the achievement of Ghana’s nationally determined contributions toward CO2 reduction. Also, international trade negotiations that promote environmental protection should not be relaxed

Factors associated with knowledge and hypoglycemia experience among patients with diabetes mellitus in Ghana: A cross‐sectional study

Abstract Background Among persons with diabetes on treatment, hypoglycemia is the most common iatrogenic acute metabolic complication. Many factors influence hypoglycemia, highlighting the need for diabetic patients to recognize, and manage these potential factors in order to reduce the rate of hypoglycemia. In this study, we assessed the knowledge, experiences of hypoglycemia, and associated risk factors among Ghanaians with diabetes mellitus (DM). Methods This cross‐sectional study included 444 clinically diagnosed DM patients from the Suntreso Government Hospital, who were on treatment for at least a year. A structured validated questionnaire was used to collect sociodemographic, lifestyle, and clinical data from the participants. Statistical analyses were performed using SPSS Version 20.0 and GraphPad Prism 8.0. Results More than half (52.7%) of the study participants had poor knowledge of hypoglycemia. Moreover, 52.9% of diabetics had experienced hypoglycemia. Participants who were in the age groups of 55–64 and 65–80 years, being retired, being diagnosed with diabetes for 11–20 years and more than 20 years, taking in alcohol, and having adequate knowledge were independent determinants of experiencing hypoglycemia. Conclusion Knowledge level of hypoglycemia among Ghanaian diabetics is low. Prompt recognition of risk factors of hypoglycemia and the careful monitoring and management of glycemic levels in high‐risk groups are important to lessen the prevalence of hypoglycemia in these populations