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BUSINESS

Air fares face turbulence when flights slowly restart – IATA

Air fares should fall when flights restart but then rise by at least 50%, warns a global airline industry body. Airlines are keen to get planes back in the skies quickly which could lead to over-capacity, says the International Air Transport Association (IATA). With passenger demand likely to remain low …

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EU, three others, pull together to create jobs for Ghanaians

The European Union (EU), the Embassy of the Kingdom of the Netherlands, the United Nations Capital Development Fund (UNCDF) and SNV Netherlands Development Organisation are partnering to create jobs for at least 5,000 Ghanaians. This is under the “Boosting Green Employment and Enterprise Opportunities in Ghana – (GrEEn)” project, which …

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Fact check: Govt shared different macroeconomic data with Ghanaians and IMF

On April 13, 2020, the Executive Board of the International Monetary Fund (IMF) issued a statement approving the disbursement of US$1 billion credit facility to the government of Ghana to be used to address the impact the COVID-19 pandemic is having on the economy. The disbursement of the credit facility follows a …

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Ghanaian gets top job at Facebook

A Ghanaian human rights lawyer and Programme Manager, Afia Asantewaa Asare-Kyei, has been appointed Board Member of the New Global Independent ‘Oversight Board’ for Facebook and Instagram Content. She joins two other Africans – Julie Owono, a digital rights advocate and Executive Director of Internet Sans Frontières from Cameroon and …

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Locked up funds: GH¢5.06bn has been paid to depositors – Oppong Nkrumah

Legitimate claims made to depositors of Savings & Loans and Micro Credit institutions whose funds were locked up due to the financial sector clean-up is at GH¢5.06 billion, the Information Minister has said. According to him, GH¢2.11 billion in cash has so far been paid to depositors with about GH¢2.95 …

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‘Tier 2 pension would better serve Coronavirus relief for workers’ – Analysis

The second tier of the country’s pension scheme is better placed to make relief payments to workers affected by the novel coronavirus (COVID-19), rather than from the Social Security and National Insurance Trust (SSNIT), an analysis of the pensions scheme, has shown. With the National Pensions Act making the Tier …

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Former Schalke 04 player ‘reappears’ 4 years after his death

A former player for the German club, Schalke 04 has been identified despite his death being announced in a crash in 2016. Congolese, Hiannick Kamba who is now 33,was found in German city, Gelsenkirchen. Prosecutor, Anette Milk, has said that Kamba’s wife is currently under investigation after she received a …

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Police, Partners Zoomlion To Disinfect & Fumigate Police Facilities Across The Country

As part of measures to provide a safe environ for police personnel in the fight against the novel coronavirus (COVID-19), the Ghana Police Service through the government has engaged Zoomlion Ghana Limited (ZGL) to help disinfect and fumigate all police facilities across the country. The ‘Police-Zoomlion National Disinfection and Fumigation …

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Coronavirus: $1bn IMF loan isn’t ‘interest-free’ – Jinapor sets the records straight

Member of Parliament for Yapei/Kasawgu constituency, John Abdulai Jinapor says Ghanaians should be worried over government’s subsidization of electricity bills because there will be serious implications in the offing. The Government of Ghana told the citizenry that the International Monetary Fund (IMF) financial aid of 1 billion dollars to the country is …

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Lionel Messi, other Barcelona players to undergo Coronavirus test today

Superstar footballer, Lionel Messi and other Barcelona stars are set to undergo tests for Coronavirus on Wednesday morning as they prepare to return to training ahead of Spain’s LaLiga restart in June. This comes after the country’s ministry of health gave clubs permission to return to their training grounds after …

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