Dr. Francis Osei-Kuffour is a Fellow of Chartered Certified Accountants, London, and holds Doctor of Philosophy in Commerce Degree in Accounting and Finance from the Adventist University of the Philippines, Master of Business Administration Degree in Accounting and Finance from University of Professional Studies in Ghana and a Bachelors Degree in Applied Accounting from Oxford Brookes University in London. He also holds Professional Teachers’ Certificate A.
The discourse on the paradigm shift in the collection of property rates in Ghana continues to rev... more The discourse on the paradigm shift in the collection of property rates in Ghana continues to reverberate far and wide. There seems to be confusion among the citizenry as stakeholders have varied views on the valuation, imposition, and the collection of the property rate. What do the laws say about property rate valuation, imposition, and collection? What has been the level of property rate performance in Ghana over the years? Can a new partnership in property rate collection enhance revenue mobilization for national development? Can there be symbiosis indispensability among state agencies in enhancing property rate revenue mobilization? These and many more questions are being asked by tax practitioners, accountants, property owners, students, and general stakeholder groups.
The corona virus (COVID-19) pandemic brought both negative and positive impacts on all sectors of... more The corona virus (COVID-19) pandemic brought both negative and positive impacts on all sectors of world economies since its inception in the early 2020s. Profit and not-for-profit institutions have had their levels of effects as a result of the world-wide crises. Lockdown measures imposed by governments around the world to curb the spread of the virus had various repercussions on various activities, including churches. Effects of the pandemic on businesses, education, agriculture and tourism, among others, have received massive highlights in literature. Given this phenomenon, this study sought to ascertain the impact of COVID-19 on church cash inflows. The study used quantitative research approach. Research instrument consisted of self-constructed questionnaire. The study made use of descriptive correlational design. Data collected from Unions and Conferences of the Seventh-day Adventist Church in Ghana were statistically analyzed. Results showed positive significant impact of COVID...
It is a fact that financial stress impact university students. Given this notion, this research l... more It is a fact that financial stress impact university students. Given this notion, this research looked at the moderating impact of gender on the adaptive coping mechanism of private university students on their financial stress. The research was a descriptive-correlational design. The study conveniently employed 369 respondents of the primer private university in Ghana (Valley View University), out of a population of 9,000 to answer self-constructed questionnaires with Cronbach Alpha of .806 for adaptive coping mechanism and .845 for financial stress. The data were analyzed descriptively based on the central tendency with SPSS and regression Process v3.2 by Andrew F. Hayes model 1. The study revealed that there was a very high financial stress among private university students in Ghana and they have a high adaptive coping mechanism. The students used emotion-focus than problem-focus coping mechanisms in managing their financial stress. Also, there was a moderate positive significant...
JOURNAL OF BUSINESS, GOVERNANCE, & INFORMATION TECHNOLOGY, 2021
Business managers around the globe have tested the effectiveness of the Balanced Scorecard (BSC) ... more Business managers around the globe have tested the effectiveness of the Balanced Scorecard (BSC) model since its inception in the early 90s in their bid to enhance business performance to achieve financial sustainability and transform developments in their economies. Other sectors of world economies have tried to emulate the BSC concept to achieve institutional goals for financial freedom. Research on the investigation of the replicability of the BSC model and its effectiveness in addressing the continued financial sustainability challenges of educational institutions, especially the private ones, is scarce. This study aimed to increase awareness on the influence of BSC application in addressing financial performance challenges besetting the private educational sector. This descriptive-correlational study examined the relationship between BSC perspectives and institutional financial performance of private tertiary institutions. Forty-five out of the 77 private tertiary institutions in the Greater Accra, Ashanti, Central, and Western Regions of Ghana were randomly sampled to answer self-constructed survey. Data were analysed through the use of descriptive statistics based on the central tendency with SPSS and Regression Process v3.2 model by Hayes. The extent of BSC application in private tertiary institutions’ performance reviews was small. The study also revealed low levels of financial performance indicators. The study, however, revealed a moderate, positive significant relationship between BSC perspectives and institutional financial performance. The study recommends that private tertiary institutions should, as part of their strategic evaluation, review institutional performance based on BSC perspectives to enhance financial performance for sustainability and development in the new normal.
Social Security institutions around the globe are believed to be robustly managed and that there ... more Social Security institutions around the globe are believed to be robustly managed and that there is no way such institutions will run out of money. This is an optimistic assertion, but what happens when the impossibility becomes possible? Holding a small financial lens trying to look beyond the decades in an era where lots of impossibilities are becoming possible in some financial institutions, the question still remains...what will future Pensioners do when social securities run out of money? Some few suggestions are recommended. The future Pensioners should not put all eggs in one basket.
International Journal of Academic Research in Accounting, Finance and Management Sciences
In our world today, financial sustainability challenges of Private Tertiary Institutions (PTIs) r... more In our world today, financial sustainability challenges of Private Tertiary Institutions (PTIs) reverberate far and wide as a result of limited resources caused by reductions in state support in funding higher education and dwindling enrolments. These situations limit mission achievements. There are many predictions of PTIs closure due to mounting deficits. Calls for government assistance are not yielding any results as increasing demographic diversity has correlated to decreasing financial support from governments. Given this phenomenon, this study looked at the correlate of income diversification and financial sustainability of private tertiary institutions as moderated by institutional profile. The study utilized parametric inferential statistics by relying on regression Process v3.2 by Andrew F. Hayes model 1. The study was carried out in private tertiary institutions in the Greater Accra Region of Ghana. Fourty out of the Sixty PTIs in the Region were, randomly sampled to answer the self-constructed questionnaires with the Cronbach Alpha of .863 for income diversification and .852 for financial sustainability. The study revealed a positive and moderate relationship between income diversification and financial sustainability. Income diversification predicted financial sustainability by 17.6%. There was a significant enhancing moderating effect of institutional profile on income diversification and financial sustainability relationship. Denominational PTIs relied more on income diversification for financial sustainability than Non-denominational PTIs. The study, therefore, recommends that the PEIs invest in profitable income diversification ventures. The study further recommends for future studies to identify the other 82.40% variables that can help to explain financial sustainability of PEIs.
THE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT, 2021
Private schools around the world continue to face sustainability challenges due to limitations in... more Private schools around the world continue to face sustainability challenges due to limitations in fiscal space as they
strive to provide top notch academic services to their customers. Some educational experts have predicted the closure of
many private schools in the last few years as a result of low financial stability indicators of these academic institutions.
From this state of affairs, this study sort to examine the role of income diversification in the creation of fiscal space for
academic sustainability of private second cycle educational institutions. A quantitative research approach was adopted.
The study made use of descriptive correlational design. Descriptive statistics based on the central tendency with SPSS
and regression process by Hayes model 1 were used to analyze and interpret the data collected from 190 private second
cycle educational institutions in Ghana, randomly selected out of the population of 315, to answer self-constructed
questionnaire. Results showed that private second cycle educational institutions have very low levels of income
diversification activities to create fiscal space. There was a positive, significant influence of creation of fiscal space on
financial sustainability. The findings have implications for income diversification strategies which create fiscal space and
harness institutional income levels for academic and/or financial sustainability.
International Journal of Multidisciplinary and Current Educational Research (IJMCER), 2021
The study addressed the financial sustainability challenges of private educational institutions b... more The study addressed the financial sustainability challenges of private educational institutions by investigating the influence of academic branding. A quantitative research approach was adopted. Data consist of adapted and modified questionnaires. The study made use of descriptive and parametric inferential statistics to analyze and interpret the data collected from randomly selected 302 private schools. Results showed a highly significant positive influence of academic branding on financial sustainability. Academic branding predicted 55.2% of the financial sustainability of private educational institutions. There was no significant difference on financial sustainability when institutional type and years of existence were considered. The institutional type did not moderate the relationship between academic branding and financial sustainability. Years of existence, however, had a small negative moderating effect on the relationship between academic branding and financial sustainability. The findings have implications for efficient and effective resource allocation on brand equity strategies that harness institutional revenue base for financial sustainability.
It is a fact that financial stress impact university students. Given this notion, this research l... more It is a fact that financial stress impact university students. Given this notion, this research looked at the moderating impact of gender on the adaptive coping mechanism of private university students on their financial stress. The research was a descriptive-correlational design. The study conveniently employed 369 respondents of the primer private university in Ghana (Valley View University), out of a population of 9,000 to answer self-constructed questionnaires with Cronbach Alpha of .806 for adaptive coping mechanism and .845 for financial stress. The data were analyzed descriptively based on the central tendency with SPSS and regression Process v3.2 by Andrew F. Hayes model 1. The study revealed that there was a very high financial stress among private university students in Ghana and they have a high adaptive coping mechanism. The students used emotion-focus than problem-focus coping mechanisms in managing their financial stress. Also, there was a moderate positive significant association between financial stress and adaptive coping mechanism. However, the adaptive coping mechanisms could predict financial stress by 11.65%. There was a significant enhancing moderating effect of gender on adaptive coping mechanisms and financial stress relationship. With time the males' financial stress moderately decrease based on their rate of change to adaptive coping mechanism, while the females have a high increasing coping mechanism in managing their financial stress. The study recommends that an investigation into the outstanding 88.35% of adaptive coping mechanisms which can predict the financial stress of private university students in Ghana.
The discourse on the paradigm shift in the collection of property rates in Ghana continues to rev... more The discourse on the paradigm shift in the collection of property rates in Ghana continues to reverberate far and wide. There seems to be confusion among the citizenry as stakeholders have varied views on the valuation, imposition, and the collection of the property rate. What do the laws say about property rate valuation, imposition, and collection? What has been the level of property rate performance in Ghana over the years? Can a new partnership in property rate collection enhance revenue mobilization for national development? Can there be symbiosis indispensability among state agencies in enhancing property rate revenue mobilization? These and many more questions are being asked by tax practitioners, accountants, property owners, students, and general stakeholder groups.
The corona virus (COVID-19) pandemic brought both negative and positive impacts on all sectors of... more The corona virus (COVID-19) pandemic brought both negative and positive impacts on all sectors of world economies since its inception in the early 2020s. Profit and not-for-profit institutions have had their levels of effects as a result of the world-wide crises. Lockdown measures imposed by governments around the world to curb the spread of the virus had various repercussions on various activities, including churches. Effects of the pandemic on businesses, education, agriculture and tourism, among others, have received massive highlights in literature. Given this phenomenon, this study sought to ascertain the impact of COVID-19 on church cash inflows. The study used quantitative research approach. Research instrument consisted of self-constructed questionnaire. The study made use of descriptive correlational design. Data collected from Unions and Conferences of the Seventh-day Adventist Church in Ghana were statistically analyzed. Results showed positive significant impact of COVID...
It is a fact that financial stress impact university students. Given this notion, this research l... more It is a fact that financial stress impact university students. Given this notion, this research looked at the moderating impact of gender on the adaptive coping mechanism of private university students on their financial stress. The research was a descriptive-correlational design. The study conveniently employed 369 respondents of the primer private university in Ghana (Valley View University), out of a population of 9,000 to answer self-constructed questionnaires with Cronbach Alpha of .806 for adaptive coping mechanism and .845 for financial stress. The data were analyzed descriptively based on the central tendency with SPSS and regression Process v3.2 by Andrew F. Hayes model 1. The study revealed that there was a very high financial stress among private university students in Ghana and they have a high adaptive coping mechanism. The students used emotion-focus than problem-focus coping mechanisms in managing their financial stress. Also, there was a moderate positive significant...
JOURNAL OF BUSINESS, GOVERNANCE, & INFORMATION TECHNOLOGY, 2021
Business managers around the globe have tested the effectiveness of the Balanced Scorecard (BSC) ... more Business managers around the globe have tested the effectiveness of the Balanced Scorecard (BSC) model since its inception in the early 90s in their bid to enhance business performance to achieve financial sustainability and transform developments in their economies. Other sectors of world economies have tried to emulate the BSC concept to achieve institutional goals for financial freedom. Research on the investigation of the replicability of the BSC model and its effectiveness in addressing the continued financial sustainability challenges of educational institutions, especially the private ones, is scarce. This study aimed to increase awareness on the influence of BSC application in addressing financial performance challenges besetting the private educational sector. This descriptive-correlational study examined the relationship between BSC perspectives and institutional financial performance of private tertiary institutions. Forty-five out of the 77 private tertiary institutions in the Greater Accra, Ashanti, Central, and Western Regions of Ghana were randomly sampled to answer self-constructed survey. Data were analysed through the use of descriptive statistics based on the central tendency with SPSS and Regression Process v3.2 model by Hayes. The extent of BSC application in private tertiary institutions’ performance reviews was small. The study also revealed low levels of financial performance indicators. The study, however, revealed a moderate, positive significant relationship between BSC perspectives and institutional financial performance. The study recommends that private tertiary institutions should, as part of their strategic evaluation, review institutional performance based on BSC perspectives to enhance financial performance for sustainability and development in the new normal.
Social Security institutions around the globe are believed to be robustly managed and that there ... more Social Security institutions around the globe are believed to be robustly managed and that there is no way such institutions will run out of money. This is an optimistic assertion, but what happens when the impossibility becomes possible? Holding a small financial lens trying to look beyond the decades in an era where lots of impossibilities are becoming possible in some financial institutions, the question still remains...what will future Pensioners do when social securities run out of money? Some few suggestions are recommended. The future Pensioners should not put all eggs in one basket.
International Journal of Academic Research in Accounting, Finance and Management Sciences
In our world today, financial sustainability challenges of Private Tertiary Institutions (PTIs) r... more In our world today, financial sustainability challenges of Private Tertiary Institutions (PTIs) reverberate far and wide as a result of limited resources caused by reductions in state support in funding higher education and dwindling enrolments. These situations limit mission achievements. There are many predictions of PTIs closure due to mounting deficits. Calls for government assistance are not yielding any results as increasing demographic diversity has correlated to decreasing financial support from governments. Given this phenomenon, this study looked at the correlate of income diversification and financial sustainability of private tertiary institutions as moderated by institutional profile. The study utilized parametric inferential statistics by relying on regression Process v3.2 by Andrew F. Hayes model 1. The study was carried out in private tertiary institutions in the Greater Accra Region of Ghana. Fourty out of the Sixty PTIs in the Region were, randomly sampled to answer the self-constructed questionnaires with the Cronbach Alpha of .863 for income diversification and .852 for financial sustainability. The study revealed a positive and moderate relationship between income diversification and financial sustainability. Income diversification predicted financial sustainability by 17.6%. There was a significant enhancing moderating effect of institutional profile on income diversification and financial sustainability relationship. Denominational PTIs relied more on income diversification for financial sustainability than Non-denominational PTIs. The study, therefore, recommends that the PEIs invest in profitable income diversification ventures. The study further recommends for future studies to identify the other 82.40% variables that can help to explain financial sustainability of PEIs.
THE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT, 2021
Private schools around the world continue to face sustainability challenges due to limitations in... more Private schools around the world continue to face sustainability challenges due to limitations in fiscal space as they
strive to provide top notch academic services to their customers. Some educational experts have predicted the closure of
many private schools in the last few years as a result of low financial stability indicators of these academic institutions.
From this state of affairs, this study sort to examine the role of income diversification in the creation of fiscal space for
academic sustainability of private second cycle educational institutions. A quantitative research approach was adopted.
The study made use of descriptive correlational design. Descriptive statistics based on the central tendency with SPSS
and regression process by Hayes model 1 were used to analyze and interpret the data collected from 190 private second
cycle educational institutions in Ghana, randomly selected out of the population of 315, to answer self-constructed
questionnaire. Results showed that private second cycle educational institutions have very low levels of income
diversification activities to create fiscal space. There was a positive, significant influence of creation of fiscal space on
financial sustainability. The findings have implications for income diversification strategies which create fiscal space and
harness institutional income levels for academic and/or financial sustainability.
International Journal of Multidisciplinary and Current Educational Research (IJMCER), 2021
The study addressed the financial sustainability challenges of private educational institutions b... more The study addressed the financial sustainability challenges of private educational institutions by investigating the influence of academic branding. A quantitative research approach was adopted. Data consist of adapted and modified questionnaires. The study made use of descriptive and parametric inferential statistics to analyze and interpret the data collected from randomly selected 302 private schools. Results showed a highly significant positive influence of academic branding on financial sustainability. Academic branding predicted 55.2% of the financial sustainability of private educational institutions. There was no significant difference on financial sustainability when institutional type and years of existence were considered. The institutional type did not moderate the relationship between academic branding and financial sustainability. Years of existence, however, had a small negative moderating effect on the relationship between academic branding and financial sustainability. The findings have implications for efficient and effective resource allocation on brand equity strategies that harness institutional revenue base for financial sustainability.
It is a fact that financial stress impact university students. Given this notion, this research l... more It is a fact that financial stress impact university students. Given this notion, this research looked at the moderating impact of gender on the adaptive coping mechanism of private university students on their financial stress. The research was a descriptive-correlational design. The study conveniently employed 369 respondents of the primer private university in Ghana (Valley View University), out of a population of 9,000 to answer self-constructed questionnaires with Cronbach Alpha of .806 for adaptive coping mechanism and .845 for financial stress. The data were analyzed descriptively based on the central tendency with SPSS and regression Process v3.2 by Andrew F. Hayes model 1. The study revealed that there was a very high financial stress among private university students in Ghana and they have a high adaptive coping mechanism. The students used emotion-focus than problem-focus coping mechanisms in managing their financial stress. Also, there was a moderate positive significant association between financial stress and adaptive coping mechanism. However, the adaptive coping mechanisms could predict financial stress by 11.65%. There was a significant enhancing moderating effect of gender on adaptive coping mechanisms and financial stress relationship. With time the males' financial stress moderately decrease based on their rate of change to adaptive coping mechanism, while the females have a high increasing coping mechanism in managing their financial stress. The study recommends that an investigation into the outstanding 88.35% of adaptive coping mechanisms which can predict the financial stress of private university students in Ghana.
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Papers by F. Osei-Kuffour
strive to provide top notch academic services to their customers. Some educational experts have predicted the closure of
many private schools in the last few years as a result of low financial stability indicators of these academic institutions.
From this state of affairs, this study sort to examine the role of income diversification in the creation of fiscal space for
academic sustainability of private second cycle educational institutions. A quantitative research approach was adopted.
The study made use of descriptive correlational design. Descriptive statistics based on the central tendency with SPSS
and regression process by Hayes model 1 were used to analyze and interpret the data collected from 190 private second
cycle educational institutions in Ghana, randomly selected out of the population of 315, to answer self-constructed
questionnaire. Results showed that private second cycle educational institutions have very low levels of income
diversification activities to create fiscal space. There was a positive, significant influence of creation of fiscal space on
financial sustainability. The findings have implications for income diversification strategies which create fiscal space and
harness institutional income levels for academic and/or financial sustainability.
strive to provide top notch academic services to their customers. Some educational experts have predicted the closure of
many private schools in the last few years as a result of low financial stability indicators of these academic institutions.
From this state of affairs, this study sort to examine the role of income diversification in the creation of fiscal space for
academic sustainability of private second cycle educational institutions. A quantitative research approach was adopted.
The study made use of descriptive correlational design. Descriptive statistics based on the central tendency with SPSS
and regression process by Hayes model 1 were used to analyze and interpret the data collected from 190 private second
cycle educational institutions in Ghana, randomly selected out of the population of 315, to answer self-constructed
questionnaire. Results showed that private second cycle educational institutions have very low levels of income
diversification activities to create fiscal space. There was a positive, significant influence of creation of fiscal space on
financial sustainability. The findings have implications for income diversification strategies which create fiscal space and
harness institutional income levels for academic and/or financial sustainability.