BUSINESS

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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We will investigate attacks on Africans – Chinese Ambassador

Chinese Ambassador to Ghana, Shi Ting Wang has said that the government of China will intiate investigations into the alleged attacks on Africans in China. Many videos flooded social media to confirm the reports. Ghana’s Ministry of Foreign Affairs summoned the Chinese Ambassador on the situation and the Chinese ambassador …

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G20 suspends debt repayment for 40 African nations

The G20 countries have suspended debt payment for the world’s poorest countries, most of which are in sub-Saharan Africa, to help them get through the economic impact of the coronavirus pandemic. Finance ministers and central bank governors of the world’s largest economies agreed to freeze loan repayments until the end …

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‘Stop misbehaving’ – Adom-Otchere tells Zanetor

Television broadcaster Paul Adom-Otchere says Dr Zanetor Agyeman-Rawlings, the Klottey-Korley legislator, should “stop misbehaving”. According to him, Dr Zanetor Agyeman-Rawlings, should have called the minister in charge of Gender and Social Protection, Cynthia Mamle Morrison, before waging into unsubstantiated allegations over the distribution of food to Kayayei within her constituency. “Let it …

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Coronavirus: Ghana will not go into economic recession – IMF

The International Monetary Fund, IMF has projected that Ghana will not go into an economic recession later this year due to Covid-19 pandemic. Some developmental partners of Ghana including the World Bank have warned that the country could go into an economic recession due to the Covid-19 outbreak. IMF Country …

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Fuel prices to drop marginally – IES

The Institute of Energy Securities (IES) is forecasting prices of fuel on the local market remaining largely stable. However, it anticipates that competition between Oil Marketing Companies (OMCs) to control and gain more market shares may culminate in fuel falling marginally within the second Pricing window of April 2020 This …

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Six coronavirus bodies left in morgues over lack of PPEs

Environment Health Officials at the Accra Metropolitan Assembly have raised concerns over six Covid-19 bodies that have been left unattended to at various morgue dues to the lack of training and PPEs to handle the bodies. According to them, bodies of infectious diseases are meant to be buried within 72-hours …

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Falsified Chloroquine products circulating in Africa – FDA

The Food and Drugs Authority (FDA) has received a notification through the World Health Organisation (WHO) Global Surveillance and Monitoring System for substandard and falsified chloroquine in the WHO region of Africa. These chloroquine products with different presentations are confirmed as falsified on the basis that they deliberately or fraudulently …

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COVID-19: Angry GIJ students kick against Online exams

Irate students of the Ghana Institute of Journalism (GIJ) have kicked against online examination being introduced by the management of the institute. Authorities at GIJ on Wednesday, April 15, issued guidelines informing students of the online examinations scheduled for May 25. Similar directives were also issued by the University of …

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Ghana’s Inflation Rate For March Closes Flat At 7.8 Percent

The year-on year inflation was unchanged at 7.8 percent in March, the Ghana Statistical Service said on Wednesday. Announcing the rate via facebook, Government Statistician, Professor Samuel Kobina Annim said March’s rate continued the trend of stable inflation of about 8 percent recorded over the past seven months. Food and …

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GES Begins Disinfection Exercise In All SHS

The Ghana Education Service in partnership with Waste management expert, Zoomlion Ghana Limited, will begin a nationwide fumigation and disinfection exercise of all Senior High Schools as the government of Ghana intensifies efforts to curtail the spread of coronavirus in the country. Speaking at the launch of the event last …

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Covid-19: Ashanti Region Cases Hit 53

Four more persons have tested positive for COVID-19 in the Ashanti region bringing the region’s total number to 53. The Ashanti Region Health Directorate has indicated it is yet to add the four new cases to the five hundred and sixty-six which is registered on government’s official portals. Disclosing the …

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Impact Of COVID-19 On The Economy Of Ghana

 Lost of oil revenue as the global crude oil prices continue to tumble.  As a net importer of basic food and services from China, shortages are likely to hit the country harder, ie. Food availability and food security.  Sharp decline in remittances as countries especially the US …

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IMF approves US$1 billion loan to Ghana for COVID-19 fight

The International Monetary Fund (IMF) has approved the disbursement of US$1 billion to Ghana to be drawn under the Rapid Credit Facility (RCF). The money is to help Ghana address the “fiscal and balance of payments needs” and also help the country to improve confidence in its economy especially in …

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Italy To Test Cristiano Ronaldo, Others For Covid-19

Italy is making plans to conduct coronavirus tests on footballers. The tests which may include Juventus talisman, Cristiano Ronaldo, are likely to be conducted in May 2020 before the restart of football activities. The Italian Football Federation made this known. President of the Italian Football Federation, Gabriele Gravina, in an interview …

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