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Essay / Research Paper Abstract
This 8 page paper looks at the problems and possible solutions to the different aspects of credit creation and control in the UK and Ghana when they are compared. This paper is written as an example conclusion to a larger paper. The bibliography cites 5 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEghanacrdt.rtf
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Unformatted sample text from the term paper:
end to focus in the over use of credit with late payments causing problem. In Ghana the opposite is the case, the problem is a lack of any credit which
serves to constrain the economic development. Business in the UK and Ghana are impacted by the very different set of credit facilitates, but in both cases the problem may
be felt most keenly by the small retailers who are inevitably at the end or near the end of the supply chain. In the UK there is an over extension
of terms, which can drive small business out of business, inn Ghana the constraints of credit are such that growth is severed restrained due to the lack of ability to
invest working capital. However, not all differences are as keen as striking as may be expected. The primary research undertaken has looked at two businesses in the UK and
two businesses in Ghana to assess if any differences exist. In both countries the start up capital originated with savings rather than any credit arrangements. This initial structure may
be partially determined not by the credit policies and practices in a country, but due to the status of the business being new and perceived as higher risk in any
country. The risks of lending to a new business are relativity high, especially when we remember that there is the additional risk
of interest payments increasing if interest rates increase and a new business has no pre determined income (Howells and Bain, 1998). However, in Ghana the inability to stimulate the economy
with the use of credit also decreases the potential economic growth and demand for goods that would create the income to repay loans. Ghana business may also have the same
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