BUSINESS

Coronavirus erodes cedi’s gains

Despite all the gains made by the local currency against its major trading currencies at beginning of the year, especially the United States dollar, the coronavirus pandemic impact has washed all away, causing the cedi to lose its strength. The cedi, which appreciated by 4.5 percent as of the end …

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Maamobi hospital staff fight supervisor for selling PPE to them

Medical staff at the Maamobi General Hospital are angry at their supervisor for selling Personal Protective Equipment to them. Health workers at the facility can only access the PPE after paying 5 cedis in the wake of the COVID-19 pandemic. The facility has recorded COVID-19 cases with some health workers …

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One COVID-19 patient on ventilator – Akufo Addo

The health condition of one coronavirus patient on admission in Ghana has deteriorated with the patient put on a ventilator, President Akufo Addo has disclosed. Out of the official figure of 1042 positive cases, nine persons have died. Addressing the leadership of churches at the seat of government, Jubilee House, …

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CalBank Donates to the Covid-19 Trust Fund 

CalBank has donated an amount of GHS 200,000.00 to the Covid-19 National Trust Fund at the office of the Presidency in the Jubilee House, Accra. This is an additional gesture to earlier contribution of GHS 10million presented by the Ghana Association of Bankers in the collective efforts to deal with …

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The economy will take three years to recover – Ken Ofori Atta

Finance Minister, Ken Ofori-Atta says the Ghanaian economy will take three years to recover from the impact of the COVID-19pandemic. The Minister in an article published in the Financial Times said “A U-shaped recovery is touted, but ours will likely be a steep drop, then a two- to three-year downward slide before a …

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Covid-19: Kumasi Central Market shut down hours after opening

Authorities of the Kumasi Metropolitan Assembly have ordered the closure of the Kumasi Central market hours after President Akufo-Addo ordered the opening of the lockdown areas. According to Ultimate FM’s Isaac Bediako Justice, the closure was necessitated by the refusal of the traders to observe social distancing protocols. ” There …

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COVID-19 cases in Ghana jump to 1042

COVID-19 cases in Ghana have jumped to 1042, President Akufo-Addo has announced. Addressing the nation on Sunday, the President said the increase in numbers is as a result of 68, 591 tests conducted. According to the President, nine people have died from the disease while 99 people have recovered and …

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FDA Has Not Approved COA FS As Cure For COVID-19

The Food and Drugs Authority (FDA) says it has not approved the food supplement, ‘COA FS’ by the COA Herbal Centre, as a cure for the novel Coronavirus disease (COVID-19) and called on all to disregard the information. Mr James Lartey, the Director of Communications of the FDA, in an …

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Mansoman SHS hosts Covid-19 Isolation Centre

Health authorities at the Amansie West District of the Ashanti Region have set up a Covid-19 isolation centre at the Mansoman Senior High School. Authorities say it is a proactive decision to prevent any surprises in the district’s preparedness in the fight against the pandemic. Some health facilities have also …

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BoG gives GHC10m to COVID-19 Trust Fund

After President Nana Addo Dankwa Akufo-Addo, his vice and appointees donated their 3-month salary to the COVID-19 Trust Fund, many people including some members of the opposition political parties have made donations. Faith-based organisations and business moguls have also contributed their quota towards the growth of the national trust. The latest to make …

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Why Meningitis has killed 40 up north

About four hundred (400) people have been infected with a new strain of meningitis in the northern part of Ghana. 40 out of the 400 has been reported dead.  meningitis is explained as an infection that affects the delicate membranes — called meninges — that cover the brain and spinal cord. You or …

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Ken Ofori-Atta in despair over effects of COVID-19 on economy

Ghana’s Finance Minister, Ken Ofori-Atta, has revealed he is in total despair over the havoc the rampaging Coronavirus is causing to global economies especially countries in Africa. In a write-up to the reputable The Financial Times Newspaper based in London, the man President Nana Akufo-Addo described as ‘financial magician’, revealed he feels …

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The 198 new coronavirus cases aren’t new infections – GHS

The Ghana Health Service (GHS) says the 198 new Coronavirus cases announced Saturday are not new infections. It explained that the record 198 new cases, which have seen the country’s case count jump from 641 to 834, are from a backlog of samples currently at the various laboratory testing centres. “The general …

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Ghana strong to pay back US$1bn COVID-19 loan – IMF

The International Monetary Fund (IMF) says Ghana’s track record of repaying debts will enable her to repay the US$1bn COVID-19 facility it lent the country with ease. In a staff report and statement by the Executive Director for Ghana, the Fund said: “Ghana’s track record of servicing debts to the …

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Lockdown: Techiman market to be shut

The Municipal Chief Executive of the Techiman Assembly, John Donyina, has announced a one-week closure of its main market amid the COVID-19 pandemic. Speaking at a press briefing, he said the decision forms part of proactive measures to prevent possible cases at Techiman. He added the closure will take effect from …

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Somey Traditional Area to create local buffer stock of food

The Somey Traditional Area in the Ketu South Municipality of the Volta Region has hinted of plans to create a local buffer stock of food to guard against possible food shortage due to the COVID-19 pandemic. The Traditional Area, in a press release issued by Torgbiga Adamah III, the Makorsor of Somey, …

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Akim Oda central market adopts segmentation of trading

The Birim Central Municipality in the Eastern Region as a measure to ensure effective social distancing at the markets has employed market segmentation to control the large number of people at the various markets in the municipality. The decision was arrived at when the Municipal Security Council (MuSeC) considered the …

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Dambai market, three others shut down against coronavirus

The Dambai market in the Krachi East Municipality and Grubi, Chinderi and Borae markets in the Krachi Nchumuru District of the Oti Region have been closed down to avoid the spread of the novel coronavirus. The closure of the markets was announced by Dasebre Atamafowiese Kwame II, Omanhene of Chonke …

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BoG gives GHC10m to COVID-19 Trust Fund

After President Nana Addo Dankwa Akufo-Addo, his vice and appointees donated their 3-month salary to the COVID-19 Trust Fund, many people including some members of the opposition political parties have made donations. Faith-based organisations and business moguls have also contributed their quota towards the growth of the national trust. The latest to make …

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Government to use IMF loan to pay for Covid-19 electricity subsidy

Chairman of Parliament’s Finance Committee Dr Mark Assibey Yeboah has disclosed part of a US$ 1 billion loan government has secured from the IMF will be used to pay for the Covid-19 electricity subsidy for Ghanaians announced by President Akufo-Addo. Parliament on Friday night approved the US$1 billion (5.5 billion …

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Dr. Okoe-Boye approved as Deputy Health Minister

Parliament has approved the nomination of Dr. Bernard Okoe-Boye for the position of a Deputy Minister of Health. The approval comes follows recommendations by Parliament’s Appointments Committee by consensus after he appeared before it on Wednesday, 15th April 2020. Chairman of the Appointments Committee, Joe Osei Owusu, read the committee’s …

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