The Covid-19 pandemic has undoubtedly affected every activity and the sectors across the globe. As it stands now the global confirmed cases of the pandemic is 3,221,029 with 228,252 deaths. Ghana was hit with the pandemic early this year with 1,671 confirmed cases with 16 deaths as of 30th April 2020. To mitigate the spread …
Month: April 2020
The contractor of the University of Ghana Hospital project, EDC Engineering and Construction Limited based in Isreal, has donated an amount of GH¢100,000 to the COVID-19 Trust Fund. This was in response to the clarion call made by the President Nana Addo Dankwa Akuffo Addo after he had established the COVID-19 Trust Fund with the …
Both business and consumer confidence in the Ghanaian economy surged in the first two months of the year, the Bank of Ghana (BoG) has said in its March 2020 Monetary Policy Report. The Central Bank’s Consumer Confidence Survey conducted in February 2020 reflected some consumer optimism about the economy. As such, the consumer confidence index …
Government at the end 2019 failed to meet its target for economic growth, as the growth achieved for the period fell behind target by 0.6 percent, according to the recent data from the Ghana Statistical Service (GSS). This is the second consecutive year in which Ghana’s growth target has been missed after a spectacular rebound …
The National Board for Small Scale Industries, NBSSI, has been urged to quickly come out with modalities required for the disbursement of government’s stimulus package of 600 million cedis meant to support small businesses as the country fights the spread of COVID-19. Government announced that it has set aside 600 million cedis to help sustain …
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 of this year as part …
The President of the Ghana Association of Restructuring and Insolvency Advisers, GARIA, Felix Addo, says the passage of the Corporate Insolvency Bill, 2019, could not have come at a better time than now. According to him, with the outbreak of the novel Coronavirus and its economic impact on businesses, the Bill when assented to, will …
Year-on-year inflation remained unchanged at 7.8% in March 2020. This means prices of goods and services within the period remained relatively same. According to figures by the Ghana Statistical Service, month-on-month inflation between February 2020 and March 2020 was however 0.8%. Like last month, Alcoholic Beverages, Tobacco & Narcotics (11.4%); Transport (9.2%) and Recreation (9.0%) …
Even as businesses and households in Ghana celebrate last week’s announcement by the Ghana Association of Bankers of a 200 basis points (two percent) reduction in the interest rates applicable on both outstanding and new loans booked by banks in the country, the banks themselves are turning off the lending taps. Only their most highly …
REDAVIA, a global market leader of cost-effective, reliable, and clean solar power for businesses, has created a new concessionary solar power program, the COVID-19 Resilience Lease, in order to stand by Ghanian and Kenyan businesses in this difficult time of economic uncertainty. Covid-19 has disrupted African businesses significantly. In this challenging time, REDAVIA enables sound …