BUSINESS

International tourism to Ghana declines by almost 70 percent – GTA

Figures related to international tourism to Ghana showed a 69 percent decline in 2020, the Ghana Tourism Authority (GTA) has revealed. The authority explains the shortfall can been attributed to the adverse impact of the Coronavirus pandemic amid travel restrictions and lockdowns. Nelson Jones, the Acting Director of Public Affairs at the …

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COVID-19: Close schools now – GMA to gov’t

The Ghana Medical Association (GMA) says schools in the country must be shut down in order to control the rising spread of Coronavirus in the country. The call comes in the wake of increasing fatalities among COVID patients in the country. The death rate of the virus has reached 464 …

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Bank lending rates falling – Report

Even though the Bank of Ghana has announced that it is maintaining its benchmark Monetary Policy Rate at 14.5 percent for the next two months, borrowers are benefitting from the fact that interest rates continue to fall in Ghana despite government’s unprecedented demand for fiscal deficit financing. Ultimately monetary easing by the …

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Recruitment of doctors, dentists to begin 9 Feb

Recruitment of medical doctors and dentists who have completed their house jobs into the Ministry of Health, will commence on Tuesday, 9 February 2021. This was announced by the Ministry in a statement issued by its Acting Chief Director, Kwabena Boadu Oku-Afari on behalf of the Minister. The statement informed …

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Tomato traders assoc. to embark on strike from 7 Feb.

The Tomato Traders and Transporters Association of Ghana will embark on a strike action effective Sunday, 7 February, 2020. The strike action by the association is in protest against the spate of armed robbery attacks on its members on the Kumasi-Bolga-Burkina Faso road. According to the group, seven of its …

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Government gives Ave SHS a new bus

Ave Senior High School (AVESCO) in the Akatsi North District has received a donation of a new bus from the government. The 5×23-seater bus with registration number, GV 2196-20 was one of the 100 buses donated to second cycle institutions across the country. Until the donation, the School had just …

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Consumer, business confidence in economy high – BoG

Consumer and business confidence in the Ghanaian economy continues to soar in spite of the difficult macroeconomic challenges facing the country, the Bank of Ghana (BoG) has said. Governor of the BoG, Dr Ernest Addison who disclosed this in a press statement on the 98th meeting of the Monetary Policy Committee (MPC) …

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Rolls-Royce eyes Africa as new energy market with deals push

Rolls-Royce Holdings Plc is betting on expanding in Africa to grow the power-systems division after its main business building and maintaining wide-body jet engines was derailed by the coronavirus. The continent’s abundant natural resources, fast-growing economies and increasing urbanization make it a promising market for the unit, Rolls-Royce Strategic Marketing …

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Economic recovery will be prolonged – Bank of Ghana cautions

The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated. It said although economic activities had picked up quite well following a contraction in the second and the third quarter of last year, the resurgence in the pandemic earlier …

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Gov’t to provide laptops for all teachers

The Ghana Education Service (GES) has announced plans to secure laptops for all teachers in the country. The GES Director General, Prof. Kwasi Opoku-Amankwa who announced this in a letter to teacher groups said the development is in consultation with all the teacher unions and each teacher must compulsorily have …

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Why schools have not been closed despite coronavirus restrictions

Despite the surge in the cases of COVID-19 in the country, and government’s subsequent reintroduction of restrictions on funerals, weddings, concerts, theatrical performances and parties until further notice, schools have still not been closed. According to President Nana Alufo-Addo, the situation in the various schools is being monitored for an …

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COVID-19: Seven doctors dead so far – GMA

The Ghana Medical Association (GMA) has said seven doctors have so far died of COVID-19 since it emerged in the country. Five of the doctors died last year with two passed this year, President of the Association Dr. Frank Ankobea told Morning Starr Monday. “The number of doctors who are …

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PIAC wants GNPC listed on stock market

The Public Interest and Accountability Committee (PIAC), the body mandated with ensuring the efficient management of petroleum revenues, says Ghana National Petroleum Corporation (GNPC) should be listed on the stock exchange (GSE) to cede control and ownership of the national oil company to Ghanaians. The move, according to PIAC, will …

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Three men die after drinking poisoned akpetshie

Three men who are said to be in their forties have lost their lives after drinking local gin called akpeteshie which was laced with poison. The mortal remains of the three,  Mr John Andy, 43, Mr Loius Amangua, 41 and Mr Paul Etwe are said to have been deposited at …

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Court ruling dramatically restores Ahmad as Caf president

Madagascar’s Ahmad Ahmad has been dramatically restored as Confederation of African Football (Caf) president following a ruling by the Court of Arbitration for Sport (Cas). Mr Ahmad was banned by Fifa in November for five years after football’s world governing body found him to have breached several of its ethics …

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Fuel prices to increase by over 2 percent from next week

Fuel prices are expected to increase by over 2 percent per litre from next week across various pumps in the country. The increase is based on figures provided by the Bulk Oil Distribution Companies. Already, the price of fuel at some major pumps across the country is currently selling at …

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