Author: Nerteley Nettey
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Austin Gamey calls for extended Tripartite C’ttee meeting over job losses
As the country continues to face the unavoidable consequences of job losses as a result of the novel Coronavirus pandemic, Labour Analyst, Austin Gamey, is urging government, employers and organised labour to hold another national tripartite committee meeting to discuss such issues extensively. According to him, although some meetings have been held in relation to…
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Stimulus package won’t protect all jobs – Ghana Employers’ Assoc.
The Ghana Employers’ Association says even if government offers support to businesses; that will not guarantee jobs for all workers as layoffs could still happen based on individual company’s level of impact from the COVID-19 pandemic. The Employers’ Association wants government to support its members to pay salaries, improve their working capital and defer VAT…
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Pensioners to be affected the most by non-payment of dividends – Financial Consultant
Financial Consultant and CEO of Sambed Consult, Sam Bediako Asante, says pensioners are likely to be impacted the most by the Bank of Ghana’s directive asking banks not to pay dividends to shareholders for the 2019 financial year. He argues that such persons, who rely largely on proceeds from the profits of companies listed on…
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Ghana’s COVID-19 cases hit 2,719 with 294 recoveries; 18 deaths
Ghana has confirmed 550 new COVID-19 cases. The current case count now stands at 2,719, according to the Ghana Health Service’s latest update on the country’s COVID-19 situation. The update also indicates that Sixty-five (65) more persons have recovered from the novel Coronavirus infection in Ghana. The total recoveries now stand at 294. However, the…
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Dannex Ayrton Starwin PLC pharmaceuticals donates GHS50,000 to COVID-19 Fund
Dannex Ayton Starwin PLC has donated an amount of 50,000 Ghana cedis to the COVID-19 National Trust Fund. Making the donation, Chairman of the company, Nik Amarteifio, said the gesture is aimed at supporting government’s fight against the pandemic. He urged Ghanaians to assist the government’s fight by adhering to the necessary safety protocols. Last…
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Huawei AppGallery to build secure and reliable mobile apps ecosystem
The gradual proliferation of 5G means a revolutionised mobile experience. Increasingly, consumers are using multiple devices in various scenarios and mobile apps are key to that ever richer, hyperconnected experience. As such, Huawei believes that demand for smarter apps will only increase and they want to be at the forefront to enable this massive change.…
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EXIM Bank funds Tobinco to produce drugs to manage COVID-19 cases
EXIM Bank Ghana is collaborating with Entrance Pharmaceuticals and Research Centre, a member of the Tobinco Group of Companies, to produce hydroxychloroquine and azithromycin locally for the management of COVID-19 cases. The bank said it is ready to advance a $5 million facility to the company for the production of the drugs locally. Persons with…
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COVID-19 slows down selling of Life Insurance policies – NIC
Ghana’s Insurance sector has taken some hit due to the novel Coronavirus pandemic, specifically life insurance. According to the National Insurance Commission, this could significantly affect Ghana’s insurance penetration and insurance companies. Speaking to Citi Business News, a Deputy Director of the NIC, Mr. Michael Kofi Andoh, explained that, because life insurance policies are mostly…
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We can help Gov’t disburse GHS600m SMEs loan – Savings & Loans Assoc.
Leadership of the Ghana Association of Savings and Loans Companies, says it is ready to support government in the disbursement of its GHS600 million stimulus package set aside to assist small and medium scale enterprises affected by the COVID-19 pandemic. The disbursement of the amount, which will have a one-year moratorium and two-year repayment period,…
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COPEC, IES back calls for an increase in BOST Margin
Civil Society Organizations, Chamber of Petroleum Consumers (COPEC), and the Institute of Energy Security (IES), have backed calls from the Bulk Oil Storage and Transportation Company (BOST) for an increase in the BOST Margin in the petroleum price build-up from 3 pesewas to 12 pesewas. According to them, if the Margin is increased, BOST can…