As the coronavirus pandemic continues to pose multiple challenges for governments, development banks are playing an important role in aiding the recovery in emerging markets. The virus has caused extensive damage to the global economy and trade. To offset some of the negative effects of the forced closure of entire industries and the collapse in consumer demand, governments around […] The post Development
FBNBank Ghana, as part of its commitment to empower all who embrace its brand with seamless access to everyday financial services has unveiled the quick banking *894# product. The product bestows the power to bank anywhere and at any time to customers. According to the bank, it is convenient, easy, simple and quick to use. […] The post Do more with FBNBank’s Quick Banking *894#
The Vice-President, Dr. Mahamudu Bawumia, has inaugurated the US$7.5million Infectious Diseases Centre built by the Ghana COVID-19 Private Sector Fund, at the Ga East Municipal Hospital. The project has a Level 2.5 biomedical laboratory, a triage unit, waiting areas, a nurses’ station, VIP and general wards, and a 21-bed Intensive Care Unit (ICU) as well […] The post First
The consistent locking-up of Nigerian shops by the Ghana Union of Traders Association (GUTA) is becoming worrying, and could strain relations between two sister-West African states. GUTA is taking the law into its own hands, and should be called out for what it is doing. Nowhere in our statutes does it say GUTA should enforce […] The post Editorial : Call GUTA to order! appeared first on
Members of the Committee on Foreign Affairs of Parliament paid a visit to the AfCFTA Secretariat last week and were briefed by the Minister of Trade and Industry, Alan John Kojo Kyerematen, who informed the delegation that AfCFTA will commence operation in January 2021. Tentatively, AfCFTA was scheduled to be officially commissioned on 31st March […] The post Editorial
Managing Director of Eco Index Agro Solutions Limited – sole distributor of begreen organic fertiliser, Dr. Emmanuel Moses, has called for nationwide adoption and use of organic fertilisers to among others revitalise the ‘soil ecosystem’ while boosting productivity for farmers. He observed that decades of over-reliance on chemical fertilisers coupled with their abuse threatens the […] The post ‘Look
Unilever Ghana Limited remains positive about its future growth prospects despite the difficult economic climate that negatively impacts the company’s growth and profitability. The company is hopeful that its very strict stock management and other policies put in place by management would help to improve performance in the future. Management retains a positive outlook for […] The post Unilever
United Bank for Africa (UBA) Ghana Limited has introduced a flexible loan product designed to give easy access to credit to all government workers. UBA Ghana’s Chief Executive Officer and Managing Director, Olalekan Balogun, acknowledged the challenging economic situation due to COVID-19 and noted there is the need to stimulate the economy by through the […] The post UBA
Parliament has approved a loan facility of €101,760,002 to finance the design and construction of a drainage and ancillary sewage system in Nima, between Kawukudi to the Odaw River Basin in Accra. The amount is made up of a term loan facility agreement between the government of Ghana (represented by the Ministry of Finance) and […] The post €100m drainage
The National Board for Small Scale Industries (NBSSI) has said that over 20,000 applicants who were supposed to benefit from the stimulus package under the Coronavirus Alleviation Programme (CAP) business support scheme were unable to receive their funds, due to their Mobile Money (MoMo) accounts facing some technical disparities. According to the NBSSI, as part […] The post 20,000
Misheck Mutize IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries. A debt service relief package has been approved by some of the world’s biggest lenders for more than 25 African countries. The arrangement includes the World Bank, the International Monetary Fund, the G20, the […] The post Why
Local pharmaceutical manufacturers are pushing for the imposition of restrictions on the importation of basic drugs that are being produced in the country, as a means to protect and promote the local industry to thrive and push the president’s vision of making Ghana a pharmaceutical hub. According to the Pharmaceutical Manufacturers Association of Ghana (PMAG), […] The post We
The Coastal Development Authority (CODA) and Ministry of Fisheries and Aquaculture Development (MOFAD) have distributed outboard motors at highly subsidised prices to fishers in the Volta Region. The intervention, which is funded under the Infrastructure for Poverty Eradication Programme (IPEP), is aimed at empowering fishers by building their capacity with the provision of essential equipment […] The post Volta
The US government has said it is committed to supporting the country to achieve a ‘malaria-free society’ while encouraging healthy living, including the use of mosquito-nets and early testing and treatment of malaria. The US Ambassador to Ghana, Stephanie S. Sullivan, said whereas the latest country data show some remarkable achievements in the fight against […] The post US,
The former Vice-Chancellor of the University of Ghana, Professor Ernest Aryeetey, has featured on the Y Leaderboard Series hosted by Ghana’s number one urban station, YFM. The Professor of Economics, in a conversation with YFM’s Rev. Erskine, revealed fascinating aspects of his life, his take on national decisions and his tenure as vice-chancellor at the […] The post Y
The Centre for Plant Medicine Research (CPMR) has stated that the nation has no medically approved herbal drug that can be used to manage or treat patients with Coronavirus. According to the centre, it has received tonnes of medication for the management and treatment of Coronavirus, but none passed the potency test. With the rising number […] The post No herbal
Nominations for the seventh edition of ‘Made in Ghana Awards 2020’ have opened in Accra. The awards – to be held this year through a virtual ceremony – are to market, promote and advertise made-in-Ghana products and Ghanaian-owned companies live on TV. The deadline for entries to be submitted for the seventh edition of the […] The post Nominations open
ARB Apex Bank Limited has put up an impressive performance by recording satisfactory growth in its total operating income of 17% – from GH¢55.5million in 2018 to GH¢64.96million in the 2019 year under review; although falling interest rates have remained a burden on the Bank’s profitability. Assets of the Bank recorded significant growth of over […] The post ARB Apex
Government’s decision to extend the electricity subsidy programme, which will cost at least GH¢2billion in total, has been hailed as a move to boost consumers’ disposable income as it will reduce the burden of having to pay for power during the Coronavirus-induced economic crisis. Captured under government’s Coronavirus Alleviation and Revitalisation of Enterprises Support (CARES) […] The post Power
Despite the coronavirus pandemic heightening the risk of debt default by customers, banks have eased their credit stance to businesses for the next two months, Bank of Ghana credit conditions survey for June 2020 has revealed. The Summary of Economic and Financial data published by the Bank of Ghana shows that non-performing loans have increased […] The post Banks
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