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Wednesday, June 29, 2022
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    NIB MD laments cost of borrowing for private sector

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    Ghana has the 4th cheapest average cost of internet in Africa – Statista

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    NIB MD laments cost of borrowing for private sector

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

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    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

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    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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

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

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    NIB MD laments cost of borrowing for private sector

    Kwahu Summit to focus on Africa’s economic transformation under AfCFTA – APN

    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

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

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    African Finance Ministers tasked to allocate more resources into education sector

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    NIB MD laments cost of borrowing for private sector

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

  • TECHNOLOGY

    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

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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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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Disburse stimulus package quickly – Ghana Tourism Federation urges gov’t

byMinna Dablu
July 28, 2020
in Local Economy, Top Stories, Tourism
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The Ghana Tourism Federation, GHATOF, has asked government to fast-track the disbursement of the stimulus package set aside to support Small and Medium Scale Enterprises affected by the COVID-19 pandemic particularly in the hospitality sector.

Aside from the aviation sector, the tourism and hospitality industry globally, is the most affected by the COVID-19 pandemic, and Ghana is no exception.

The closure of borders, restrictions on public gatherings and the closure of tourist sites and drinking spots, which were only recently opened by government, meant that hotels, pubs, night clubs and cinemas can either not operate at all or operate at full capacity.

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This has caused job losses, and left owners of these facilities frustrated. To mitigate the impact of the pandemic on businesses generally, government announced a support scheme of 600 million for Small and Medium Enterprises.

Government has also launched a 9 million US dollar grant from the International Development Agency of the World Bank under the Ghana Tourism Development Project, solely for SMEs and registered individual enterprises in the tourism and hospitality industry.

According to the Executive Secretary of the Ghana Tourism Federation, Emmanuel Frimpong, although members of the Association which includes Night clubs, pubs, and hotels have applied for the GHS600 Million SME loan, they are yet to receive the money.

“Owners of Pubs, Cinemas and Night clubs don’t know when they will be given the opportunity to open their businesses. The drinks that they bought have expiry dates before they were closed down; they haven’t been used all this while, then it means they cannot do anything with them now.”

“As far as we are concerned, our members have not received the loans that government has promised, and we want to find out why because we are going through difficult times. Businesses are going down, people have lost their lives, all sorts of things are happening in the industry, and we need that support from government now more than ever,” he lamented.

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Kwahu Summit to focus on Africa’s economic transformation under AfCFTA – APN

Ghana has the 4th cheapest average cost of internet in Africa – Statista

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

Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

E-Levy is an overhyped revenue generation measure – Seth Terkper

Leverage crises to improve fortunes of continent – Ofosu-Dorte

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