• Latest
  • Trending
GFA Foundation donates to ex-Black Satellites boss Sellas Tetteh

GFA Foundation donates to ex-Black Satellites boss Sellas Tetteh

April 20, 2023
Interpol launches crackdown on romance scam operations; Ghana sees highest arrests

Interpol launches crackdown on romance scam operations; Ghana sees highest arrests

September 26, 2025
Fmr. Prez Kufuor calls for Pan-African media powerhouse to redefine Africa’s narrative

Fmr. Prez Kufuor calls for Pan-African media powerhouse to redefine Africa’s narrative

September 26, 2025

Kwamena Ahwoi criticises creation of new regions, warns against politicization of Local Governance

September 26, 2025
Former FBI Director James Comey indicted on charges of lying to congress

Former FBI Director James Comey indicted on charges of lying to congress

September 26, 2025
NCA Boss Calls for Legal Reforms to Strengthen Broadcasting Regulation

NCA Boss calls for legal reforms to strengthen broadcasting regulation

September 26, 2025
Rice farmers in Akyem Oda-Nkwanta cry for help amid struggles to sell harvest

Rice farmers in Akyem Oda-Nkwanta cry for help amid struggles to sell harvest

September 26, 2025
Bawumia Accuses Mahama of Double Standards on Covid-19’s Impact on Ghana’s Economy

Bawumia accuses Mahama of double standards on COVID-19’s impact on Ghana’s economy

September 26, 2025
World Bank Urges Ghana to Shift from ‘Crisis Narrative’ to Action

World Bank urges Ghana to shift from ‘Crisis Narrative’ to Action

September 26, 2025
Ministry of Education probes allegations of BECE placement bribery

Ministry of Education probes allegations of BECE placement bribery

September 26, 2025
NSA suspends all boxing activities in Ghana following Bahubali’s death

NSA suspends all boxing activities in Ghana following Bahubali’s death

September 26, 2025
Resetting The Nation: Mahama Urged To Back Rhetoric With Decisive Action On ORAL And Galamsey-Oppong-Fosu

Resetting The Nation: Mahama Urged To Back Rhetoric With Decisive Action On ORAL And Galamsey-Oppong-Fosu

September 25, 2025
Running a small business is demanding. Each day presents challenges that can affect your cash flow, your customers, and your ability to grow. Amid these demands, it is easy to lose sight of long-term financial priorities. However, businesses that last are not only those with good products or strong customer service. They are often the ones with better financial habits. This article outlines seven essential points that will help SMEs manage their finances more effectively, reduce risk, and plan for growth. 1. Start with a Clear Financial Plan A good financial plan gives direction to your business. It helps you set targets, allocate resources, and make informed decisions. Start by defining your financial goals. These should be SMART - specific, measurable, actionable, realistic, and tied to timelines. For example, you should determine how much revenue you need each month, what level of production or service delivery is required to meet that target, and how you intend to achieve it. Once your targets are clear, you will need a working budget. A good budget helps you monitor income and expenses, manage cash flow, and ensure that your business remains on track. It also provides a basis for deciding what to prioritise and what to postpone. At its best, your financial plan should help you answer key operational questions such as what resources are required to operate or grow, where those resources will come from, what they will cost, and whether your business is in a position to take them on. Planning in this way reduces uncertainty and allows you to run your business with greater clarity and confidence. 2. Maintain Accurate Financial Records Accurate financial records are essential for any business. Whether you are managing day-to-day operations, planning for future growth, or applying for funding, clear and reliable financial information allows you to make sound decisions. Many small businesses struggle in this area due to time constraints, limited expertise, or a lack of systems. However, proper record-keeping should never be overlooked. It supports internal decision-making, strengthens external credibility, and improves your ability to respond to opportunities or risks. Business owners can start by gaining basic knowledge of accounting principles and tools. Training employees in simple record-keeping practices also helps to build internal capacity. In some cases, it may be worthwhile to engage professionals who can help you put the right systems in place and prepare essential reports at a cost that makes sense for your business. 3. Choose a Banking Partner Aligned with Your Goals The right banking relationship can make a real difference to your business. A bank like Absa Bank is more than a place to keep your funds. It is a partner that can support your operations, guide your financial planning, and help you take advantage of growth opportunities. Begin by understanding your business needs. These might include working capital support, payments and collections services, or trade finance. Once your needs are clear, assess whether your bank offers the right mix of services, accessibility, and expertise. Your banking partner should make it easier to run your business, not harder. They should share your ambition to grow, be responsive to your concerns, and provide solutions that are tailored to the stage your business is in. A strong banking relationship will give you confidence and peace of mind as you build your enterprise. 4. Deploy Effective Payment Solutions Revenue is the foundation of every business and the way you go about collecting it is key. In today’s economy, customers expect fast, simple, and secure payment options. If your business only accepts cash, you may be turning away potential sales without realising it. Providing customers with flexible payment options is no longer a luxury. It is a necessity for growth and long-term relevance in a digital economy. Offer customers alternatives such as instant bank transfers, mobile money, card payments through point-of-sale devices, or more innovative solutions like Absa Mobi Tap to improve your customer experience and increase your reach. These methods reduce delays, enhance transaction security, and demonstrate professionalism. 5. Meet Statutory Obligations Promptly Every business has legal and regulatory responsibilities. These include filing and paying taxes, submitting Social Security and National Insurance Trust contributions, and meeting other sector-specific requirements. Complying with these obligations on time helps you avoid penalties and disruptions. It also builds your business’s reputation and improves your standing with financial institutions and regulators. To stay compliant, you should adopt a legal structure that suits your business model and goals. 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. Our commitment is to walk with our clients and customers at each stage of their journey, providing guidance, tools, and solutions that help SMEs grow sustainably and with purpose.

Financial Habits Every SME Must Adopt: The 7-Point Check List

September 25, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

GFA Foundation donates to ex-Black Satellites boss Sellas Tetteh

in Sports
GFA Foundation donates to ex-Black Satellites boss Sellas Tetteh
Share on FacebookShare on TwitterShare on Whatsapp

The GFA Foundation has paid a visit to former Ghana Coach, Sellas Tetteh at his residence in Accra.

The Foundation also donated an amount of Fifty Thousand Cedis (GHS50,000.00) to Mr. Tetteh.

According to the President of the Ghana Football Association, Kurt Edwin Simeon-Okraku, the establishment and subsequent launching of the GFA Foundation is borne out of the desire and commitment by the current leadership of the Association to enhance the living conditions of former footballers who might be in needy situations as a result of old age, ill-health, injury or general deprivation.

The visit to the ex-Black Stars coach is the first activity by the GFA Foundation which was outdoored earlier this week by the GFA as its social intervention arm.

President Simeon-Okraku paid glowing tribute to Coach Sellas Tetteh for what he described as “invaluable and committed service” to the nation.

“I am happy to see to see you in good health”, he told the cheerful-looking former coach who also handled the national teams of Sierra Leone and Rwanda.

He took the opportunity to clarify recent news in the media to the effect that the GFA or the Ministry of Youth and Sports owes the coach some bonuses and salaries.

According to him, all entitlements including vehicles promised the team after the FIFA U-20 World Cup triumph has been fulfilled.

On his part, the Director of GFA Foundation, Malcolm Frazier Appeadu said the donation is a manifestation of the Foundation’s strategic objective of improving lives and livelihoods of football people and communities.

“We are not even a week old, but we felt it was absolutely necessary to come to you with the Foundation’s widow’s mite to facilitate your complete recovery and also towards your upkeep”, Malcolm said.

He reiterated that the gesture also falls in line with one of the GFA Foundation’s 5 thematic areas acronymize as GFA CARES which indicates support for welfare of ex-national players and football officials. He promised the coach that the Foundation will check up on him regularly.

Sellas Tetteh, a former Black Stars and Black Satellites’ Coach, was grateful to both the GFA and its Foundation for the visit and donation.

He also thanked the President for personally sponsoring him for the CAF License A Refresher Course for coaches at the Ghanaman Centre of Excellence, Prampram in 2021.

He also thanked God for the immense benevolence Ghanaians have showed him since he retired from active coaching.

The family informed the GFA delegation that the coach was now fit, healthy and go about his normal duties by himself such as driving, among other things.

Sellas Tetteh led Ghana to win the 2009 FIFA U-20 World Cup in Egypt, becoming the first African team to win the competition. He was named the CAF coach of the year in 2009. He is also a former coach for Rwanda and Sierra Leone senior national teams. On the local scene, he coached Dansoman based Liberty Professionals.

The delegation included Michael Osekere, and the Greater Accra Regional Football Association Chairman, Samuel Aboabire.

Source: GhanaFa.org

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Gov’t to prevent Zipline Ghana from opening more facilities due to high cost – Health Minister

Next Post

Bechem United Coach Kasim Mingle eyes victory against Hearts of Oak

Next Post
Bechem United Coach Kasim Mingle eyes victory against Hearts of Oak

Bechem United Coach Kasim Mingle eyes victory against Hearts of Oak

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Interpol launches crackdown on romance scam operations; Ghana sees highest arrests
  • Fmr. Prez Kufuor calls for Pan-African media powerhouse to redefine Africa’s narrative
  • Kwamena Ahwoi criticises creation of new regions, warns against politicization of Local Governance
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.