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You may also wish to seek legal or tax advice at key points in your journey. Planning ahead for obligations such as annual tax payments or quarterly filings ensures that you are not caught off guard. Meeting your statutory responsibilities consistently is a mark of a well-run business. 6. Manage Your Risks Running any business involves risk. These risks may include delayed payments from customers, unexpected costs, economic downturns, or even natural disasters. For small businesses operating with limited resources, such events can be difficult to absorb. This is why risk management must be part of your financial routine. Start by identifying the main risks that could affect your business. Put in place basic measures to protect your operations. This could mean setting aside emergency reserves, purchasing insurance, or diversifying your income streams. Being proactive about risk does not eliminate uncertainty, but it helps you stay in control when challenges arise. It also signals to lenders, partners, and customers that your business is prepared and resilient. 7. Separate Business and Personal Finances It may be tempting to treat your business account as your personal wallet, especially in the early stages. However, failing to separate your business and personal finances can lead to confusion, tax problems, and credibility issues. As a business owner, you should pay yourself a fixed salary. Avoid withdrawing funds at random or covering personal expenses with business income. If you invest personal funds in the business, document it properly as a loan or equity contribution. Keeping your finances separate helps you maintain clear records, assess business performance accurately, and present your enterprise in a more professional light to partners, banks, and regulators. At Absa Bank, we believe that strong financial habits form the backbone of every successful enterprise. 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National Cathedral will help thank God for ‘sparing us the ravages of civil war’ – Prez Akufo-Addo

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Supreme Court to rule on the construction of the National Cathedral today
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President Akufo-Addo has defended the need to complete the construction of the National Cathedral.

He insists that the controversial project will signify an appreciation to God who he believes has spared the country from conflicts and plagues over the years.

According to him, the project whose 2023 budgetary allocation approval has been suspended will be geared toward thanking God for “sparing us the ravages of civil war that have bedevilled the histories of virtually all our neighbours and the outbreak of deadly mass epidemics but also as a rallying point for the entire Christian community of Ghana, which represents seventy-plus per cent of the population.”

He spoke during the centenary celebration of the Ga Presbytery of the Presbyterian Church of Ghana at the Black Star Square in Accra on December 18.

Addressing the congregants, President Akufo-Addo further courted the support of Ghanaians to make the country a better place for all.

“I need the support of every Ghanaian, together with the prayers of the church, to help me and my government carry out our mandate successfully,” he added on Sunday.

Key among the clergy present at the event were the Moderator of the Presbyterian Church of Ghana, Rev. Prof. Joseph Obiri Yeboah Mante.

On December 13, the Trades and Industry Committee of Parliament put on hold the approval of ₵80 million allocated for the construction of the National Cathedral.

The allocation, which was made to the Ministry of Tourism (MoT), failed to receive endorsement by the Committee because members want more answers from the sector Minister.

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