A whopping 60 percent of the 800,000 applicants for the GH¢600 million Coronavirus Alleviation Programme (CAP) for small businesses affected by the pandemic did not have bank accounts, National Board for Small Scale Industries (NBSSI) – the body tasked with disbursing the fund, has revealed. NBSSI’s Executive Director, Kosi Yankey-Ayeh who disclosed this, said the […] The post Over
…appeals to members to apply for more credit facilities The University of Ghana (UG) Cooperative Credit Union Ltd. is encouraging its members to apply for more loans, as the company was unable to disburse funds sitting on its books in excess of GH¢50million. This, the union explains, was expected to be disbursed in the 2019/2020 […] The post UG Co-Operative
Businesses across the continent will soon enjoy a convenient and affordable mode of payment, as the African Continental Free Trade Area (AfCFTA) Secretariat readies to introduce a pan-African payment and settlement platform. When introduced, businesses will no longer have to worry about the high cost involved in making cross-country payments for goods and services, Secretary […] The post AfCFTA
The people of Oti Region heaved a sigh of relief when President Nana Addo Dankwa Akufo-Addo cut the sod for construction of a solid waste treatment facility and a multipurpose sports stadium to begin. The two state-of-the-art facilities are collaborations between the government of Ghana and Jospong Group of Companies (JGC) with its partner, Komptech. […] The post Akufo-Addo
Fiscal deficit to hit -16.4% of GDP It is true that the coronavirus pandemic has decimated the nation’s productive sectors, even resulting in a contraction in the second quarter, however, the International Monetary Fund (IMF) says it expects the economy to still see some growth at the end of the year, albeit smaller; essentially meaning […] The post IMF projects economy
The Ghana Community Network Limited (GCNet) and West Blue Consulting are pushing government for a total payout of US$300million due to the abrogation of their port management contracts. The settlement package for GCNet, reported to be an about US$150million, has remained unpaid after abrogation of the contract – and this has not only strained the […] The post GCNet, WestBlue seek
… records impressive growth for H1 2020 Despite projections by the United Nations Conference on Trade and Development (UNCTAD) that Global Foreign Direct Investment (FDI) inflows would decrease by up to 40% in 2020 from their 2019 value of US$1.54 trillion, Ghana has seen a more than 400% rise in FDI inflows in the first […] The post Ghana defies FDI drop predictions appeared
Maritime crimes such as piracy, armed robbery at sea, kidnapping for ransom, illegal fishing and hijackings among others are recurrent along the area known as the Gulf of Guinea (GoG), making it the most dangerous shipping route in the world presently. Data shows that crew kidnappings increased more than fifty percent from 78 in 2018 […] The post Denmark,
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