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    E-Levy won’t be terminated because of IMF bailout – Gov’t assures

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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    E-Levy won’t be terminated because of IMF bailout – Gov’t assures

    Node 8, HTU hold first edition of Node X in Ho

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

  • TECHNOLOGY

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

  • INTERNATIONAL
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    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Absa Ghana donates GHS1m towards Ghana’s COVID-19 fight

byNerteley Nettey
April 1, 2020
in Banking And Finance, Top Stories
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Absa Bank Ghana has donated an amount of GHS1 million to Ghana’s COVID-19 Fund to help in the fight against the spread of the coronavirus in the country.

The donation, which is in response to President Akufo-Addo’s announcement of the creation of a COVID-19 Fund is towards the procurement of test kits and Personal Protective Equipment (PPE) to support increased testing and the protection of front line health workers.

The amount was presented at a Ministry of Information Press briefing on Wednesday, April 1, 2020, and was received by the Minister of Information, Kojo Oppong-Nkrumah, and the Health Minister, Kwaku Agyemang Manu on behalf of government.

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Presenting the cheque on behalf of the Board and Management of Absa Ghana, Marketing and Corporate Relations Director, Nana Essilfuah Boison, said, “I am here on behalf of the Board and Management of ABSA Bank Ghana. We have been very concerned as a bank about the COVID-19 pandemic. We are all affected because we are all in the same ecosystem. So, based on this, we want to make our contribution of one million Ghana Cedis to the CVOVID-19 National Trust Fund that the President has set,” she said.

Additionally, Absa Bank is also offering a repayment moratorium of up to six months to all personal and business customers who have been affected by COVID-19.

The bank has also reduced its lending rate by 2% on qualifying Personal, SME as well as loans to other impacted industries.

These measures take effect from 1st April, 2020, and will be implemented across loans due in April 2020, subject to the necessary arrangements with the bank.

Last week, as a way of supporting customers, the bank waived charges on interbank instant transfers on its digital channels, and also made mobile money transfers of up to GHS100 daily free.

The bank, also in a statement, stated that in the face of the challenges customers are facing due to the COVID-19 pandemic, it was only right that the bank offered some relief to help customers remain in business.

Speaking on the support from the bank, the Managing Director, Abena Osei-Poku, said, “We have been closely monitoring developments and the growing concerns on COVID-19 in Ghana and the rest of the world, as well as reports from government and health institutions. This pandemic is nothing we have seen before and is very alarming, to say the least. As a caring bank, it is important for us to support our customers who keep us in business.”

“While doing that, we are also aware of the efforts the government is making to bring the situation of COVID-19 under control in Ghana. We, therefore, found it dutiful to support the government towards the purchase of test kits to help curb the spread of the virus and PPEs for the protection of our front line health workers.”

It further stated that it will keep monitoring the developments on COVID-19 and make decisions that will be in the best interest of customers and employees.

“Our primary focus is on serving our customers in a safe environment while maintaining the health and well-being of our employees, their families and the general public. We have ensured that our customers will have access to secure and convenient service during this period through our digital channels, cash accepting ATMs and our Relationship Managers,’’ noted Mrs. Osei-Poku.

As part of the precautionary measures taken by the bank against COVID-19, it has temporarily reduced its branch operations, and encouraged customers to stay at home and use its digital channels for their banking transactions.

Kojo Oppong Nkrumah expressed gratitude, saying, “On behalf of the government of Ghana, the relief fund and its Board of Trustees, we thank you for your very significant contribution. We assure you that it will be used for the purpose as announced.”

Cases in Ghana

Currently, Ghana has recorded 195 cases with 5 deaths and 3 recoveries.

The Greater Accra Region has 174 of these cases, the Northern Region has 10, the Ashanti Region has nine, the Upper West Region has one and the Eastern Region also has one known case of the virus.

One hundred of the cases have been from the state’s general surveillance.

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