Fund the clergy with your wallet

The Crisis in Thai Buddhism: A Systemic Issue Beyond Scandal The recent sex scandal involving high-ranking monks has deeply shaken public trust. However, the responses from religious leaders, the government, and the general public have failed to address the core issue. This crisis in Thai Buddhism is not solely about monks and sexual misconduct—it is…

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Simple steps to prevent falling into debt

The Pressure to Impress and the Consequences of Borrowing In today’s image-conscious society, the pressure to maintain a certain appearance—financially, socially, or professionally—has led many into unnecessary debt. This phenomenon is not just about materialism; it reflects a deeper cultural shift where aesthetics often overshadow authenticity. Social media has become a stage for many, a…

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Global Finance in Action

Addressing the Global Financing Gap The Fourth International Conference on Financing for Development (FFD4) recently took place in Seville, Spain, bringing together stakeholders from around the world to tackle the pressing issue of financing for development. This conference built upon previous agreements such as the Monterrey Consensus 2002, the Doha Declaration 2008, and the Addis…

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Community Bank Sees 29% Revenue Surge

Strong Financial Performance and Strategic Initiatives La Community Bank has demonstrated impressive financial performance for the year-end 2024, despite facing economic challenges. The bank reported a 29 percent increase in total revenue, rising from GH₵13.24 million in 2023 to GH₵17.07 million in 2024. This growth was partly attributed to the retrieval of GH₵150,000 in locked-up…

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Atwima Mponua Rural Bank Surpasses GH₵11m Profit with Strong Growth Across All Metrics

Strong Financial Performance and Strategic Vision of Atwima Mponua Rural Bank PLC Atwima Mponua Rural Bank PLC, located in the Atwima Nwabiagya Municipality within the Ashanti Region, has demonstrated impressive financial performance across all key indicators for the year 2024. This success is a reflection of the bank’s strategic focus on growth, innovation, and corporate…

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FIRS: Pioneering Nigeria’s Fight Against Illicit Finance

The Fight Against Illicit Financial Flows in Nigeria Nigeria is losing billions of dollars each year due to illicit financial flows (IFFs), a complex and pervasive issue that undermines the nation’s economic stability, governance, and development. These flows, which include aggressive tax avoidance, profit shifting by multinational corporations, money laundering, and trade misinvoicing, are estimated…

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Analysis: Fire and Fury as FIRS Boss Confronts Illicit Funds Flow

The Crisis of Illicit Financial Flows in Nigeria Nigeria, a nation rich in natural resources such as oil, gas, and minerals, along with a large and industrious population, continues to face significant challenges in fulfilling its financial obligations. Public schools often suffer from poor infrastructure, hospitals lack essential supplies, and many infrastructure projects remain stalled…

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Illicit Flows: Experts Demand Reforms to Curb $407bn Loss

Nigeria Faces Severe Revenue Losses Due to Illicit Financial Flows Nigeria is losing a staggering $18 billion annually due to profit shifting and aggressive tax avoidance by multinational corporations operating within the country. This alarming figure highlights the urgent need for comprehensive reforms to tackle illicit financial flows (IFFs) that are draining the nation’s resources…

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