Business at Education Always

Business Studies is a core elective programme at SHS in Ghana that prepares students for careers in commerce, banking, entrepreneurship, management, and accounting. Business knowledge is directly useful in everyday life and in the modern Ghanaian economy. At Education Always, our Business content is aligned to the GES syllabus and covers all the major subjects in the SHS Business programme.

Subjects in the SHS Business Programme

Business Management

  • Nature and scope of business: types of business organisations
  • Sole proprietorships, partnerships, limited liability companies, and cooperatives
  • Management functions: planning, organising, staffing, directing, and controlling
  • Marketing: the marketing mix, product, price, place, and promotion
  • Human resource management: recruitment, training, and motivation
  • Business communication: types, channels, and effective communication
  • Entrepreneurship: the role of entrepreneurs in Ghana’s economy
  • Business ethics and social responsibility

Financial Accounting

  • The accounting equation: Assets = Liabilities + Capital
  • Double entry bookkeeping: debits and credits
  • The ledger: personal, real, and nominal accounts
  • Books of original entry: cash book, purchases journal, sales journal, and journal proper
  • Trial balance: purpose and preparation
  • Final accounts: trading account, profit and loss account, and balance sheet
  • Bank reconciliation statement
  • Depreciation: straight-line and reducing balance methods
  • Accounts for non-profit organisations: receipts and payments, income and expenditure accounts

Economics (Business context)

  • Basic economic concepts: scarcity, choice, and opportunity cost
  • Demand and supply: laws, factors affecting demand and supply, equilibrium price
  • Market structures: perfect competition, monopoly, and oligopoly
  • National income: GDP, GNP, and economic growth
  • Money and banking: functions of money, the banking system in Ghana, Bank of Ghana
  • Taxation and government revenue in Ghana
  • International trade: imports, exports, trade balance, and Ghana’s trading partners

Cost Accounting / Elective Mathematics

  • Cost classification: fixed costs, variable costs, and semi-variable costs
  • Break-even analysis: computing the break-even point
  • Job costing and process costing
  • Marginal costing and absorption costing

Business in Ghana Today

Ghana has a growing private sector, a dynamic small business community, and increasing opportunities in tech, agriculture, retail, and services. Students who understand business principles are better prepared to start their own enterprises, manage finances wisely, and contribute meaningfully to Ghana’s economic development.

Explore our Business lessons and question bank to prepare confidently for your WASSCE Business examinations.