Tag: coronavirus pandemic
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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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Ghana records 3rd COVID-19 death as wife of retired Navy chief dies
Another person who tested positive for the novel Coronavirus pandemic in Ghana has died at the 37 Military Hospital in Accra. Citi News understands that the third person, believed to be in her 70s, is the wife of a retired senior office of the Ghana Navy. This brings to three the number of Coronavirus deaths…
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Transport operators, other businesses affected by disinfection exercise in Accra markets
Trading activities in 137 markets in Accra came to a halt on Monday to pave way for a disinfection exercise as part of government’s efforts to contain the spread of the coronavirus. Ghana has already recorded 247 cases with two deaths, and the cases are expected to go up. Operators of public transport, such as…
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Containing COVID-19: GUTA urges traders to do business but with caution
The Ghana Union of Traders’ Association (GUTA), is urging the trading public to go about their businesses while they adhere to the health and safety protocols aimed at curbing the spread of the Coronavirus pandemic as put out health officials. This follows the announcement by the Accra Metropolitan Assembly, AMA, to disinfect some selected markets…
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Containing COVID-19: Goil donates sanitizers, PPEs to GPRTU
The Ghana Oil Company Limited (GOIL), has donated assorted items worth thousands of Ghana Cedis to the Ghana Private Road Transport Union (GPRTU), as part of efforts towards the prevention of the spread of the coronavirus COVID-19 in Ghana. Presenting the items which include 30,000 pieces of hand gloves, 30 gallons of hand sanitizers, 300…
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Traders record high sales amidst panic shopping over COVID-19 fears
With over 200,000 coronavirus cases recorded globally, some individuals who are uncertain about when the wave will end have resorted to panic buying. This action has also become necessary especially in countries where there’s a total lockdown to contain the spread. Although Ghana has recorded 11 cases with no death yet, some citizens are alarmed,…
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Bank of Ghana’s MPC meets from today to assess economic impact of COVID-19
The Bank of Ghana’s Monetary Policy Committee will today [Wednesday], March 18, 2020, meet to assess the possible impact of the coronavirus pandemic on the domestic economy. This is to enable the regulator take the necessary steps to mitigate its impact and ensure financial and economic stability. In a statement issued on Monday, the Bank…
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COVID-19 impact: Importers & traders anticipate possible closure of shops over shortage of goods
Beyond the loss of human lives and the pressure brought on health systems globally by the coronavirus pandemic, the disease is threatening livelihoods as businesses and economic activities have been severely impacted. Aside from the aviation and tourism sectors, which have been badly hit, trading has generally seen a massive reduction. In Ghana, some importers…
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Aviation workers begin strike over encroachment of company’s lands
A strike by the Union and professional Associations of the Ghana Civil Aviation Authority, GCAA, is in full force at the Kotoka International Airport. Aviation safety, financial and other services were grounded on Monday March 16, 2020, in protest of the encroachment of lands belonging to the GCAA in parts of Accra. This unfortunately comes…
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BoG directs banks; other financial institutions to take steps to prevent spread of COVID-19
The Bank of Ghana has directed all financial institutions operating in the country to take adequate steps to help curtail the spread of the coronavirus COVID-19. Ghana has already recorded 6 cases of the disease which has killed over 6,000 people out of nearly 170,000 cases globally. All six of Ghana’s cases have been described…