Accra, Nov 11, GNA- The Moderator of the Presbyterian Church of Ghana, Rev. Dr Sam Prempeh, on Thursday said most business have run into bankruptcy because of improper planning and management of funds. He said some businessmen have had to fall on their capital and investments because they do not know when to spend, when to build up capital or set aside funds to pay for utilities and eventually end up making losses.
The Moderator was speaking at the launch of a book, which deals with the development of entrepreneurial skills in Accra.
The book, titled, "consumer arithmetic made simple for everyday life," was complied by the Vocational Training For Females Programmes (VTF) of the Presbyterian Church.
Funds for the publication of the book, which touches on various subjects including investment, costing and social security, was provided by the Protestant Development Services of Germany.
Frau Dorothy Groth, Economic Attache of the German Embassy in Ghana, touched on the need to use vocational skills development as a tool for empowering women and equipping them with employable skills. She said investing in vocational skills for the youth could be a means for making them self-sufficient and this could serve as a channel for poverty alleviation.
Mrs Anna Armo-Himbson, Deputy Director at the National Board for Small-Scale Industries (NBSSI), who gave an overview of the book, said it was meant to serve the needs of the ordinary Ghanaian in dealing with figures and numbers in business life.