Author: Lawrence Segbefia
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Data usage rises as COVID-19 forces more people to stay at home – MTN Ghana CEO
The Chief Executive Officer of MTN Ghana, Selorm Adadevoh, says data consumption in Ghana has gone up by about 20 percent after the country recorded cases of the coronavirus outbreak. Following the pandemic, government has closed down all schools and banned public gatherings including religious activities, while several organizations have asked their staff to work…
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COVID-19: Reducing data cost will increase traffic and slow internet speed – MTN Ghana CEO
The Chief Executive Officer of MTN Ghana, Selorm Adadevoh, says reducing the cost of data to boost communication amidst the coronavirus pandemic, could increase traffic that will affect internet speed. In order to stay safe and avoid the spread of the COVID-19, several organizations have asked their staff to work from home, and with schools…
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Channel your Chinese imports through Ghana Embassy – Ambassador urges traders
Ghana’s Ambassador to China, Edward Boateng, has asked Ghanaian traders who wish to import from China to liaise with the Embassy to connect them to the Chinese Chamber of Commerce. In the wake of the COVID-19 pandemic, the Ghana Union of Traders Association, GUTA, whose members depend heavily on Chinese imports, have complained about possible…
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Consumers must be measured in demanding fuel price reduction – Senyo Hosi
The Chamber of Bulk Oil Distributors has asked petroleum consumers to be circumspect in their demand for decreases in fuel prices at the pumps. According to the chamber, there are several factors that go into the computation of fuel prices before the ex-pump price is reached. Crude oil prices saw about 30 percent drop on…
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Ghana’s debt stock increased by 25.9% in 2019
Latest figures released by the Bank of Ghana (BoG) show that the country’s total debt stock in 2019 grew by 25.93 percent. By this, Ghana’s debt increased from 173.1 billion cedis in 2018 to 218 billion cedis in 2019, adding 44.9 billion cedis to the debt stock. The figures, which are contained in the Summary…
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Some Ghanaian hotels contemplate closure soon as COVID-19 causes low patronage
As the coronavirus COVID-19 takes a toll on all kinds of businesses and economic activities globally, the Ghana Hotels Association says its members may be forced to close down some of their facilities if government doesn’t take steps to cushion them from the effects of low patronage. The Association says very few people are now…
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CFAO Ghana and Allianz Life Insurance launch ‘AutoLife by CFAO’
CFAO Ghana, the official distributor of Mitsubishi and Suzuki vehicles in Ghana has partnered with Allianz Insurance to introduce the first ever life insurance package attached to vehicle purchase in Ghana. The new package, called Auto Life by CFAO, is an initiative aimed at providing life insurance cover for all individuals who purchase a new…
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We’ve assessed potential economic impact of coronavirus on Ghana – Oppong Nkrumah
The Minister for Information, Kojo Oppong Nkrumah, says Ghana’s Economic Management Team and the Finance Ministry, has carried out adequate assessment of the economic impact of the spread of the coronavirus pandemic. His comment comes after Ghana recorded its first two imported cases from Turkey and Norway, involving a Norwegian national and a Ghanaian. The…
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ECG to purchase only made-in Ghana electrical cables
The Electricity Company of Ghana, ECG, says it has directed all stations to purchase only made in Ghana electrical cables for their operations. The standing policy had been overlooked as purchases were made outside Ghana, particularly China. Speaking after reactivating the policy, the Managing Director of the ECG, Kwame Agyeman-Budu, explained that the idea is…
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Banana farmers lament threat to production by illegal mining activities
The Banana Producers Association of Ghana is lamenting the devastating effects of illegal mining on their operations. According to the Association, the activities of illegal miners, has restricted banana producers in the country to only farm along the banks of the Volta Lake ,since banana grows better along river banks. It says several other rivers…