Author: Nerteley Nettey
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World Bank Group and IMF mobilize partners for COVID-19 fight in Africa
The World Bank Group and International Monetary Fund on Sunday April 18, convened a meeting of African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in African countries. Cyril Ramaphosa, President of South Africa, United Nations Secretary General Antonio Guterres, Director General of the WHO Dr. Tedros Adhanom Ghebreyesus, Africa…
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AfCFTA must kick off in July despite COVID-19 threat – Group advocates
Policy and advocacy think tank, AfroChampions, has advised that the July 2020 date for the commencement of the African Continental Free Trade Area (AfCFTA) should not be rescheduled due to the outbreak of the novel Coronavirus. The commencement of trading within the AfCFTA is slated for 1st July 2020. According to the policy and advocacy…
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COVID-19: An opportunity to boost industrialization in Africa – Report
As African countries struggle to procure goods and supplies from global suppliers in the wake of the novel Coronavirus pandemic (COVID-19), the situation is expected to cause a shift from global supply chains towards more regionalized and localized supply chains. That’s according to the African Continental Free Trade Area (AfCFTA) Year Zero Report, by policy…
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COVID-19: Ghana’s case count hit 834 with 99 recoveries and 9 deaths
Ghana’s coronavirus case count has increased from 641 to 834, the highest jump so far. An update by the Ghana Health Service indicates that an additional 193 cases were recorded from various parts of the country. In its routine check-ups, the Ghana Health Service said the new development was largely due to the enhanced contact-tracing…
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Energy Relief Package won’t worsen energy sector debt – Energy Ministry
The Energy Relief Package announced by government to offer some relief to Ghanaians following the economic challenges caused by the outbreak of the novel Coronavirus will not affect the country’s energy sector debt. That’s according to the Head of Communications at the Ministry of Energy, Nana Kofi Oppong Damoah. Government has announced a complete waiver…
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David Pilling writes: Why we should be selfish and provide Africa debt relief
African governments are asking for a debt standstill in the face of coronavirus. The poorest countries want substantial portions of their borrowing to be wiped clean. Critics will cry “moral hazard” and point out that we have been here before. From 1996, when a big debt relief campaign was launched by the World Bank and…
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AGI donates cash and items to National COVID-19 Trust Fund
The Association of Ghana Industries (AGI), has donated an amount of one hundred and fifty thousand Ghana Cedis (GHS150,000) and items worth three hundred and fifty thousand Ghana Cedis (GHS 350,000), which include PPE, beverages, provisions, water and oxygen to the National COVID-19 Trust Fund. The AGI says the move is in response to President…
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Ken Ofori-Atta writes: ‘What does an African finance minister do now?’
It’s 5:00am and I stir. My stomach feels cramped. I have slept no more than four hours. My mind races. The problems cascade through. I hear the birds and do my meditation. My wife Angie and I are in the middle of an Easter study on the Book of Daniel, and I can’t help but…
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‘Illegal’ LPG levy still charged despite supposed withdrawal – COPEC
Despite the assurance given by government that the controversial 13.5 pesewas cylinder recirculation levy has been withdrawn from the price of Liquefied petroleum gas, LPG, the Chamber of Petroleum Consumers, COPEC, insists the levy is still being charged at gas fuel stations across the country. COPEC is already in court with the Consumer Protection Agency…
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Order BoG to restore our license – Owners of GN Savings pray High Court
The shareholders of GN Savings and Loans are praying the High Court to order the Bank of Ghana (BoG) to restore their specialised deposit-taking licence.This was contained in the written address that the lawyers filed on behalf of the shareholders. “These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking…