Author: Nerteley Nettey
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COVID-19: Akufo-Addo announces GHS600m soft loan scheme for SMEs
Government is set to roll out a soft loan scheme of up to six hundred million Ghana cedis for small to medium scale enterprises following the economic impact of the novel coronavirus, President Nana Akufo-Addo has announced. Addressing Ghanaians in a nationwide broadcast on Sunday [April 5, 2020] on further measures to mitigate the spread…
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COVID-19 Trust Fund generates GHS8.75m in donations – Akufo-Addo
President Nana Akufo-Addo has revealed that the COVID-19 National Trust Fund has so far accrued a total sum of GH¢8.75 million in donations from the general public. He says the figure also includes an amount of US$600,000. He announced this while addressing Ghanaians in a nationwide broadcast on Sunday [April 5, 2020] on additional measures…
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COVID-19: Nine new cases push Ghana’s count to 214
Nine new COVID-19 cases have been confirmed in Ghana. This has increased the country’s case count to 214 as at 0600GMT on Sunday, April 5, 2020. Six of the cases were confirmed in the Greater Accra Region while the remaining three were recorded in the Ashanti Region. One of the patients who contracted the disease…
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Calls for removal of Cylinder Recovery Margin unfortunate – NPA
The National Petroleum Authority (NPA), has described as unfortunate calls by the LPG Marketing Companies Association of Ghana for the withdrawal of the 13.5 pesewas cylinder recovery margin. The Authority has also condemned the assertion that the new charge will increase the price of LPG and other petroleum products at the pumps and thereby burden…
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Akufo-Addo extends closure of Ghana’s borders by two weeks
President Akufo-Addo has extended the closure of Ghana’s borders by two more weeks. The extension takes effect from midnight of April 5, 2020. The Minister for Information, Kojo Oppong Nkrumah in a tweet on Saturday said; “President Akufo-Addo has by a new Executive Instrument, E.I. 66, extended the closure of Ghana’s borders by another two…
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More CSOs pile pressure on gov’t to stay away from Heritage Fund
Civil Society Organizations (CSOs); Friends of the Nation, Center for Public Interest Law, and Natural Resource Governance Institute, are asking government not to use funds from the Heritage Fund to finance the fight against the COVID-19 pandemic in Ghana. This comes after the Finance Minister, Ken Ofori-Atta, made a request to Parliament on 30th March,…
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Get banks to reduce interest rate on loans over COVID-19 impact – GUTA to Gov’t
The Ghana Union of Traders Association, GUTA, is appealing to government to get banks to reduce interest rates on loans given to businesses or defer interest payment due to the economic impact of the COVID-19 pandemic. According to the Association, it is unreasonable for banks to still maintain high interest rate on loans in such…
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‘Use data responsibly; avoid videos during peak hours’- Telcos urge consumers
To ensure the fair, responsible and rational use of telecommunications networks and the internet, as the novel Coronavirus continues to spread, the Ghana Chamber of Telecommunications (GCT) is urging the public to adopt responsible internet etiquette and avoid the use of online entertainment services during digital traffic rush-hours, that is between 9:00am and 11:00am and…
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IMF’s request for reduced interest payment on loans will help Ghana – Lord Mensah
Economist, Dr. Lord Mensah, is hopeful the International Monetary Fund’s (IMF) appeal to developing countries’ creditors to reduce interest payment on loans will help ease up the burden on Ghana’s external debt component if the creditors respond positively to it. In the wake of the COVID-19 pandemic, the IMF has urged creditors to consider the…
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Petroleum Tanker Drivers Assoc. kicks against NPA’s Electronic Cargo Tracking System
Members of the Ghana National Petroleum Tanker Drivers Association have protested against the implementation of the new Electronic Cargo Tracking System by the National Petroleum Authority, NPA. The Electronic Cargo Tracking System and the National Command Centre from the National Petroleum Authority was launched in Accra in January this year to improve the efficiency of…