Author: Nerteley Nettey
-
GUTA requests 3-week grace period for members to mobilize funds to clear goods
The Ghana Union of Traders’ Association (GUTA), is appealing to government to give its members a three-week grace period to mobilize funds to clear their goods from the country’s various ports amidst the novel Coronavirus pandemic. Their concerns come barely a week after the Ghana Shippers’ Authority officially informed the Ghana Ports and Harbours Authority,…
-
Tourism and hospitality sector to benefit from GHS600m stimulus package – Minister assures
The Ministry of Tourism, Arts and Culture, has assured that players in the tourism and hospitality sector will benefit from the 600 million cedis stimulus package set aside by government to support Small and Medium Enterprises. Some hotels, particularly in the Greater Accra Region, closed down their facilities and laid off casual staff during the…
-
Ghana’s COVID-19 case count now 1,550 with 155 recoveries and 11 deaths
Ghana’s COVID-19 cases have increased to 1,550 with 115 recoveries and 11 deaths. This is according to the Ghana Health Service’s latest update on Sunday, April 26, 2020. The updated case count comes after 271 more persons tested positive for the virus. Per the update, one more person has died with 21 additional recoveries confirmed.…
-
GRIDCo and Sunon Asogli build $5.4m Auto Transformer to boost power supply
The Energy Minister, John Peter Amewu, has commissioned a 330/161 KV interconnecting Auto Transformer at Sunon Asogli Power Plant in Tema boost power transmission and supply in the country. The interconnecting transformer which was built by the Ghana Grid Company Limited Ghana Limited and Asogli cost 5.4 million dollars. The Ghana Grid Company (GRIDCo) invested…
-
Jerry Afolabi writes: The COVID-19 effect and Ghana’s economic outlook for 2020
Ghana’s economic outlook is not healthy according to the key economic indicators. The most critical indicators are interest rate, inflation, exchange rate and debt accumulation as a percentage of gross domestic product (GDP) which measures the nation’s production output. The GDP growth rate is expected to fall below the 5% and 6% ideal range for…
-
Raymond Nuworkpor writes: Drilling through a broken oil market, repercussions for our local market
International Brent Crude plummeted momentarily on Tuesday, 21st April, the lowest since 21 years ago, but recovers a day after to hover around $20 a barrel. As the novel Coronavirus lockdown grind down many facets of our lives i.e. a grounded airline industry, a drowning hospitality sector, a quandary health industry, a crumpled supply chain…
-
Huawei Freebuds 3: the perfect workout partner
You might have everything in place for the perfect workout. The best Home workout plan, top notch workout equipment, a bottle of water and your loud motivational music but what you might not foresee is your neighbor complaining about how loud your motivational music is. Wait! All the gyms do it and you need your…
-
COVID-19: South Africa’s wine export ban to cost producers over £43m
Wines of South Africa (WOSA) has predicted that the five-week lock-down ban on wine exports could cost the South African wine industry more than one billion Rand (£43 million), while the damage to reputation and consistent supply, as well as future market opportunities could be astronomical in the longer term. According to them, despite an…
-
COVID-19 impact: Making payments to contributors would be illegal – SSNIT tells Mahama
The Social Security and National Insurance Trust (SSNIT), has explained that it would be illegal under the current law that set up the Trust for them to make payments to contributors over a three-month period to mitigate the social and economic impact caused by the outbreak of the novel Coronavirus. This follows a suggestion by…
-
Ghana’s COVID-19 case count rises to 1,279 with 134 recoveries
Ghana’s COVID-19 case count has risen to 1,279 from the 1,154, after125 more cases were confirmed in the country. According to the latest Ghana Health Service update of April 24, 2020, Oti and Western North Regions have now recorded cases increasing the number of regions affected by COVID-19 to 12 out of 16 regions in…