Tag: Coronavirus
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Reduced Chinese imports to hit Ghana’s economy despite cedi’s gain – Health Economist
A health economist, Dr. Gordon Abekah-Nkrumah, says suggestions that the Ghana cedi may have strengthened against the US dollar partially due to reduced imports from China over the outbreak of the coronavirus could be true. However, Dr. Abekah-Nkrumah, speaking on the Citi Breakfast Show, stated that despite the gains made by the local currency, the…
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Coronavirus: Global growth ‘could halve’ if outbreak intensifies
On Monday, the Bank of England said it continued to monitor developments and was assessing its potential impact on the global and UK economies and financial systems. “The Bank is working closely with HM Treasury and the FCA (Financial Conduct Authority) – as well as our international partners – to ensure all necessary steps are…
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Coronavirus: Dettol sales surge as markets fall again
Sales of Dettol and Lysol products have surged as the spread of the coronavirus outbreak continues. The disinfectant is seen as providing protection against the spread of the disease, although its effectiveness has not yet been scientifically proven. In China, demand for Dettol-branded hand gels is outstripping supply, owner Reckitt Benckiser has said. The shortages…
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Coronavirus crash wipes US$5 trillion off world stocks
Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion. The rout showed no signs of slowing as Europe’s main markets slumped 2-3 percent early on and the ongoing dive for safety sent yields on…
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Coronavirus may impact Chinese investment in Ghana — Lloyd Amoah
The Director of the Centre for Asian Studies at the University of Ghana, Dr. Lloyd Amoah, says a minimal reduction in investment inflows to Ghana from China can be expected as authorities in the second biggest economy in the world battle to control the novel coronavirus. Trade between Ghana and China at the end of…
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Chamber of Commerce and Industry bemoans impact of coronavirus on trade
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry, Mark Badu Aboagye, says the suspension of some airline services to China due to the outbreak of the Coronavirus has severely affected trading activities. “It has had an impact on trade and the danger is that you do not necessarily have to…
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GUTA urges members to suspend travels to China over Coronavirus outbreak
The Ghana Union of Traders Association, GUTA, has advised business travelers to China to put their travel plans on hold. The caution follows the outbreak of the deadly Coronavirus in China which has so far killed over a hundred people and infected more than four thousand others. The General Secretary of GUTA, Alpha Shaban, in…
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Coronavirus fears hit global shares and oil price
Worries over the continued spread of the coronavirus have hit financial markets, with stocks from Wall Street to Tokyo declining. The three main US indexes were down more than 1% at mid-day, while London’s FTSE 100 index ended almost 2.3% lower. Firms with significant sales in China were among the hardest hit. The coronavirus has…
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Coronavirus: Companies tell workers ‘stay at home’
Companies in China have advised staff to work from home in an attempt to slow the spread of the deadly coronavirus. Businesses are also offering workers longer holidays, as well as telling employees returning from the most affected areas to stay away from work. It comes after the Chinese government extended the Lunar New Year…