Author: Nerteley Nettey
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CUTS advocates implementation of AfCFTA in 2nd quarter of 2021 due to COVID-19
Research and Public Policy Think Tank, CUTS, says a postponement of the implementation of the African Continental Free Trade Area (AfCFTA), would be ideal in the wake of the COVID-19 pandemic. Last week, AfroChampions, also a Policy and Advocacy think tank, suggested that the implementation should go ahead on July 1, 2020 as scheduled, as…
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Economist urges Gov’t to announce modalities for accessing GHS600m SME loan on time
The National Board for Small Scale Industries, NBSSI, has been urged to quickly come out with modalities required for the disbursement of government’s stimulus package of 600 million cedis meant to support small businesses as the country fights the spread of COVID-19. Government announced that it has set aside 600 million cedis to help sustain…
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US oil prices turn negative as demand dries up
The price of US oil has turned negative for the first time in history. This is according to the British Broadcasting Corporation (BBC). That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried up…
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‘A careful balance of many factors led to lifting of partial lockdown’ – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo, says the decision to lift the partial lockdown on Accra, Kumasi, Tema, and Kasoa, which was implemented to control the spread of the COVID-19, was taken after careful consideration of a number of factors. According to the President, the country’s current capacity “to trace victims of this disease, being able…
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Investigate bribery allegations against former TOR boss, others – GII
The Ghana Integrity Initiative (GII), has called for an independent investigation into bribery allegations made against the former Managing Director of the Tema Oil Refinery (TOR), Mr. Asante Berko. GII made the request in an open letter to the President, Nana Addo Dankwa Akufo-Addo dated April 20, 2020. Mr. Berko resigned on Wednesday, April 15,…
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Kumasi: Market closed again after traders failed to ensure social distancing
Traders at the Dr. Mensah section of the Kumasi Central Market have been moved from the market as that section has been closed down. This is because they failed to ensure social distancing despite being allowed to return to the market after the government lifted the partial lockdown on the Greater Kumasi Metropolitan Area. Citi…
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COVID-19:Ghana gets $500m debt repayment freeze from World Bank
Ghana has secured a $500-million dollar freeze in debt and interest repayment for the rest of this year from the World Bank, President Nana Akufo-Addo has announced. This forms part of a Pan-African effort to bring debt relief to Africa due to the economic impact of the novel coronavirus pandemic, the President said. Addressing the…
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Disbursement of GHS600m stimulus package for SMEs to begin in May – Nana Addo
President Akufo-Addo has announced that the disbursement of the six hundred million cedis (GHS600 million) stimulus package for micro, small and medium-scale businesses is expected to start in May. He announced this during his 7th COVID-19 national address to Ghanaians on Sunday, 19th April 2020. It will be recalled that, in his nationwide address on…
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Gov’t suspends demurrage and rent charges for cargo during partial lockdown
As part of measures to mitigate the economic impact of the novel Coronavirus (COVID-19) on businesses, the Minister of Transport, Kwaku Ofori-Asiamah, has directed the Ghana Shippers’ Authority to suspend all applicable charges such as demurrage or detention and storage rent charges on all cargo that have remained uncleared since the partial lockdown came into…
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COPEC demands compensation for LPG consumers after withdrawal of ‘illegal’ levy
The Chamber of Petroleum Consumers, COPEC, says it will engage the National Petroleum Authority, NPA, on how consumers who were charged the 13.5 pesewas Liquefied Petroleum Gas (LPG) circulation levy will be compensated. The Minister for Energy, John Peter Amewu, last week announced that the NPA has been directed to stop charging the LPG re-circulation…