Question 2

Schools across Ghana have been closed down. This is to curb the spread of the fast-spreading coronavirus (COVID- 19). The news portal, the Ghanaweb reported this on the 16th March 2020. Since then, school fees and feeding fee collection from parents has come to a standstill. “Yet the payment of bills such as salaries, rent, electricity bill, water bill has not come to a standstill” lamented Mr. Amuzu, the headmaster of Twinkle Tots International school in a telephone conversation with Mr. Berko- the school’s accountant. Mr. Berko decided to offer some advice to Mr. Amuzu on how the school could settle its outstanding bills due in the next six months. This way, the school could continue to stay afloat. What advice do you think Mr. Berko offered to Mr. Amuzu on settling the school's bills? Discuss comprehensively.