Posts

Showing posts from November, 2023

Bootleg Product in Ghanaian Market.

Image
  In the past five years, the selling of fake products has increased as compared to the selling of authentic products. As of 2023, the purchase of bootleg products has increased by $487.6 billion worldwide .  Pricing is a main factor of purchasing bootleg products. The original price of a genuine Hermes bag can range from thousands to tens of thousands of dollars, while a fake one may be significantly cheaper. Most people prefer to buy bootleg products due to economic hardship because these products cost lesser than the original product to save up some money. Image of a fake Hermes Bag. Image of a fake Hermes Bag   Image of original Hermes bag. Speaking to Mr Arthur Barnes Cyril, a GRA personnel he explained there are tax invasion on bootleg goods because they are the “black market”. These are goods that are smuggled or did not go through the right process or channels for government to tax them.   The bootleg product affects our local authorities because there are n...

Unemployment in Ghana.

Image
 Title: "Unemployment in Ghana: A Decade of Challenges and Changes" Introduction .  Ghana, a nation with a burgeoning economy, faces the persistent issue of unemployment. Over the years, data has revealed the ebb and flow of joblessness among different age groups. In 2020, the unemployed population in Ghana aged 25 years or older was estimated to be around 376,000, while the population between 15-24 years without any form of employment was slightly lower, at approximately 245,000. This data presents an opportunity to delve into the trends of unemployment, their impact, and the stories of individuals affected by these statistics. https://www.pulse.com.gh/news/local/ghanas-youth-unemployment Research A comprehensive research study has been conducted to explore the trends and implications of unemployment in Ghana from 2010 to 2022. The primary objective was to understand the fluctuations in unemployment rates and how they vary across different age groups. Establishing Large Numb...