Introduction
Indebtedness within the Ghanaian market poses a severe challenge
to lenders and businesses trying to grow their investment
portfolios. Many business organisations are indebted, and thus
growth is restricted as more profits will go to settling debts.
Most growth is also hindered because they have lent out money to
others who have not settled and thus halting investment and growth
in the business sectors.
As a result of this, institutions dedicated to the recovery of
debts have sprung up in Ghana. Their main focus is to recover debts
that are long overdue and restore their monies. It is against this
background that this article provides some practical tips to ensure
you maximise recovery of your debts and avoid write-offs by
focusing on "no-nonsense" techniques that can be deployed
to prevent the likelihood of non-payment.
