BUSINESS

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 …

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 …

Finance Minister, Ken Ofori-Atta, has called for the formulation of a new financial system that will rebuild global growth and institute a new global public good after the coronavirus pandemic. The Minister made the remark in his introductory speech when he chaired the Development Committee meeting of the Spring Meetings …

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 …

The government of Ghana’s fiscal deficit is projected to reach 9.5% of GDP by the end of this year. That is according to a revised forecast by the International Monetary Fund. Excluding energy and financial costs, the budget deficit of GDP will, however, be 6.4% of GDP. This is higher …

Imagine making just under $1,00,000 every time you post on Instagram. Portuguese superstar Cristiano Ronaldo is in a world on his own when it comes to Instagram stars making the big bucks. Ronaldo pockets an amount of $975,000 anytime he makes a post on the social media site. The player has made 2,789 posts …

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 …

The International Monetary Fund said on Thursday that five wealthy countries pledged to provide $11.7 billion to an IMF loan and grant facility for poor countries, as the Fund’s steering committee vowed to review the adequacy of resources needed to fight the coronavirus pandemic. IMF Managing Director Kristalina Georgieva said …

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 …

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 …