BUSINESS

‘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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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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Drogba donates hospital as treatment centre amid coronavirus pandemic

Didier Drogba has allowed his hospital in Ivory Coast to be used as a coronavirus treatment centre. The generous offer from the Chelsea legend comes amid fears the pandemic could have devastating effects on Africa. In the Ivory Coast there have been 574 people who have tested positive for the virus, with …

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Coronavirus: Govt will access IMF’s $1bn from April 18 – Ken Ofori-Atta

Minister for Finance Ken Ofori-Atta says the IMF’s disbursement of $1 billion which is to be drawn under the Rapid Credit Facility (RCF) will be accessed from April 18, 2020. According to Ken Ofori-Atta, all paper works will be concluded this week and hopefully by the weekend government will begin …

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Coronavirus has not affected cargo vessel traffic into Ghana – Maritime Authority

As fears of a global recession and shortage of food and other essential goods grow, the Ghana Maritime Authority says there is no noticeable reduction in cargo vessel traffic to the country yet. The Deputy Director, Ship Inspections & Marine Security at GMA, Captain Emmanuel Ankamah, said this when 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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