Despite the coronavirus pandemic heightening the risk of debt default by customers, banks have eased their credit stance to businesses for the next two months, Bank of Ghana credit conditions survey for June 2020 has revealed.
The recently outdoored GH¢100bn COVID-19 Alleviation and Revitalisation of Enterprises Support (CARES) programme should be fully funded from domestic sources, economist and lecturer Dr.
Government’s decision to extend the electricity subsidy programme, which will cost at least GH¢2billion in total, has been hailed as a move to boost consumers’ disposable income as it will reduce the burden of having to pay for power during the Coronavirus-induced economic crisis.
The central bank in the coming days will issue onto the forex market a total of US$ 50 million, following the completion of FX forward auctions in the first month of the second half of 2020.
The central bank in the coming days will issue onto the forex market a total of US$ 50 million, following the completion of FX forward auctions in the first month of the second half of 2020.
A US$115m facility from the International Development Association, a subsidiary of the World Bank, that will part-finance the digitisation of archives and other public records to facilitate online searches has been approved by Parliament.
Data released by the Bank of Ghana last week indicates that the socio-economic restrictions – including a three week lock down of Accra and Kumasi – imposed by government during the second quarter of the year resulted in the deepest short term economic contraction experienced by Ghana in the past nearly 40 years.
The National Board for Small Scale Industries (NBSSI) has said that over 20,000 applicants who were supposed to benefit from the stimulus package under the Coronavirus Alleviation Programme (CAP) business support scheme were unable to receive their funds, due to their Mobile Money (MoMo) accounts facing some technical disparities. According to the NBSSI, as part […] The post 20,000
The sentiments of businesses in Ghana, as measured by the index derived from the Bank of Ghana’s (BoG) latest Business Confidence Survey, has depicted a modest improvement in the confidence of business owners and managers as to the prospect of their businesses going forward.
The Electricity Company of Ghana’s (ECG) debt to the Ghana Grid Company (GRIDCo) has increased by 31 percent to GH¢1.
Misheck Mutize IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries. A debt service relief package has been approved by some of the world’s biggest lenders for more than 25 African countries. The arrangement includes the World Bank, the International Monetary Fund, the G20, the […] The post Why
Local pharmaceutical manufacturers are pushing for the imposition of restrictions on the importation of basic drugs that are being produced in the country, as a means to protect and promote the local industry to thrive and push the president’s vision of making Ghana a pharmaceutical hub. According to the Pharmaceutical Manufacturers Association of Ghana (PMAG), […] The post We
The Coastal Development Authority (CODA) and Ministry of Fisheries and Aquaculture Development (MOFAD) have distributed outboard motors at highly subsidised prices to fishers in the Volta Region. The intervention, which is funded under the Infrastructure for Poverty Eradication Programme (IPEP), is aimed at empowering fishers by building their capacity with the provision of essential equipment […] The post Volta
The US government has said it is committed to supporting the country to achieve a ‘malaria-free society’ while encouraging healthy living, including the use of mosquito-nets and early testing and treatment of malaria. The US Ambassador to Ghana, Stephanie S. Sullivan, said whereas the latest country data show some remarkable achievements in the fight against […] The post US,
Political Science Lecturer at the University of Ghana Professor Ransford Gyampo has advised Professor Jane Naana Opoku-Agyemang, running mate to former President John Mahama to talk about the economy when she gets the least opportunity to do so.
The former Vice-Chancellor of the University of Ghana, Professor Ernest Aryeetey, has featured on the Y Leaderboard Series hosted by Ghana’s number one urban station, YFM. The Professor of Economics, in a conversation with YFM’s Rev. Erskine, revealed fascinating aspects of his life, his take on national decisions and his tenure as vice-chancellor at the […] The post Y
The Minority in Parliament wants the Employment and Labour Minister, Ignatius Baffour Awuah to be invited to the House to provide details on employment figures in the country. According to the Minority Leader, Haruna Iddrisu, the figures will help ascertain the true extent of the impact of COVID-19 on employment and related matters. Speaking in […] The post Minority
The Centre for Plant Medicine Research (CPMR) has stated that the nation has no medically approved herbal drug that can be used to manage or treat patients with Coronavirus. According to the centre, it has received tonnes of medication for the management and treatment of Coronavirus, but none passed the potency test. With the rising number […] The post No herbal
The Food and Drugs Authority (FDA) has disclosed that Bernice Alcohol-based hand sanitizer is safe for use and does not contain acid.
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