The Coronavirus as said has come to stay with us until a vaccine is developed to cure it. This pandemic has impeded economic activities globally. The economic impediment of the pandemic has negatively affected the aquaculture sector resulted in a sharp drop of about 33% in fish prices. In an interview with some of the …
Month: June 2020
Board of directors (BoDs) of companies must not approve Corporate Social Responsibility (CSR) budget beyond the financial capacity of their organisations in a bid to support the fight against COVID-19, Dr Abraham Ansong, the Head, Department of Management at the School of Business, University of Cape Coast (UCC), has advised. He explained that though CSR …
GCB Bank has reduced interest rates on personal loans from 26 per cent to 24 per cent per annum with immediate effect. The bank has also granted a two-month moratorium on both the principal and interest repayment on personal loans. The measures form part of extensive efforts by the Bank to lessen the impact of …
FXKudi is a Ghanaian financial technology company on the mission to give Africans access to borderless money transfer, give payment freedom and power businesses across the continent. After launching in February 2020, they have successfully helped thousands of consumers send and receive money across borders. They launched other products like card issuance for consumers and …
he World Bank has said transparency in all government financial commitments and investments is key in creating an attractive investment climate. The Bretton Woods institution said this could help make substantial progress this year to deliver better outcomes for people in developing countries. Mr David Malpass, President of the World Bank Group, said this when …
The Alliance for a Green Revolution in Africa (AGRA) has noted that as COVID-19 continues to spread in Africa, women in agriculture are struggling to cope not only with the restrictions to limit the spread of the disease but also with endemic inequalities, which undermine their capacity to respond and recover from the impact of …
Economic analysts at Standard Bank, the parent company of Stanbic Bank Ghana, have indicated that Ghana’s economy is likely to see a full recovery in 2024 due to the impact of COVID-19. This was contained in the May 2020 edition of the bank’s African Monthly Report (AMR). According to the report, the 6–8 percent year-on-year …
Employers who continue to pay their workers cash are being advised to stop the practice, especially because of the corona virus pandemic. This is because experts have argued that cash could be a mode of transmitting the virus. Financial institutions have been encouraging the public to turn to electronic payment channels to reduce their exposure …
Research by the Food and Agriculture Organization (FAO) has revealed that by giving women the same access as men to agricultural resources, it could increase production of women’s farms in developing countries by 20 to 30 percent. The contribution of women to agricultural and food production is significant but it is impossible to verify empirically …
A number of indigenous agribusiness firms are receiving both technical and managerial training on how to gain access to new potential markets in the European Union (EU). The training is designed to assist agro-business companies with a potential for the international market as well as companies that already sell internationally, but intend to expand their …