Tag: COVID-19
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Gov’t is working to create job opportunities for the youth – Employment Minister
In the wake of job losses triggered by the coronavirus pandemic, the Minister for Employment and Labour Relations, Ignatius Baffuor –Awuah, says government is taking steps to minimize unemployment by creating some opportunities particularly for the youth. According to him, plans are far advanced to engage the youth in Agric, services and manufacturing sectors. Speaking…
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NPRA takes steps to protect pension contributions as COVID exposes threats
The National Pensions Regulatory Authority, NPRA, says the impact of COVID-19 on the pensions industry globally is a reminder to developing countries such as Ghana to institute and implement long-term sustainable plans for the aged. According to the NPRA, most pension funds have suffered a setback because some of the major financial assets where pension…
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Nigeria’s local airlines risk collapse as load factor declines
Exactly a week after commercial airlines resumed flight services on Lagos-Abuja route, local airlines are struggling to sustain operations and meet cost as load factor hovers around 40 per cent. The day-one optimism of about 70 per cent traffic across some of the local carriers has waned. Some of the operators complained about traveler apathy,…
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Travel & Tour operators lament massive losses over air travel restrictions
As one of the sectors most affected by the COVID-19 pandemic, aviation, is yet to pick up, some operators in Ghana’s Travel and Tour industry have been speaking to Citi Business News about the impact on their operations. This industry, which is a link between travelers and airlines, has literally come to a standstill, as…
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COVID-19: Cold Store operators complain about reduced poultry imports
Some vendors of frozen meat, poultry and fish, usually imported into the country, have expressed concern about a possible threat to their business due to reduced importation caused by the COVID-19 pandemic. The traders say their businesses have taken a nosedive, and are worried the situation may worsen if the pandemic persists. The Covid-19 pandemic…
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CSIR seeks support for farmers to grow highly nutritious local food crops
The Food Research Institute of the Council for Scientific and Industrial Research (CSIR), says it is supporting Ghanaian farmers in the production of some crops to encourage their consumption with the sole aim of boosting people’s immune system. According to the Health Nutritionist with the Institute, Dr. Jolene Mateko Nyako, there has been an increase…
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A digital strategy critical for business growth post-COVID – Vodafone Ghana CEO
The Chief Executive Officer (CEO) of Vodafone Ghana, Patricia Obo-Nai, has advised businesses without a sound online and digital strategy in the era of COVID-19, to make amends. In the wake of the threat posed to business in the wake of the Covid-19 pandemic, many businesses are relying heavily on online and digital platforms to…
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COVID-19: Revenue losses among AGI members troubling – Seth Twum-Akwaboah
Many companies who are part of over 2,000 members of the Association of Ghana Industries, AGI, have witnessed a dip in their profits due to the impact of the COVID-19 pandemic. The Coronavirus pandemic and its attendant restrictions, has seen companies reducing their staff numbers thereby impacting their output and profitability, while a drop in…
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Dealers in books & stationery lament low patronage as most schools remain closed
The continuous closure of schools in Ghana except for final years students who have been recalled mainly to prepare for their exams, is taking a toll on businesses that are linked to the existence of educational institutions. Aside from food vendors and others affected by this continuous closure, one group that has been hit is…
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COVID-19: Bank of Africa widens payment platforms to assist SMEs
As part of efforts to support operators of Small and Medium Scale Enterprises (SMEs) to keep their businesses afloat in the wake of the coronavirus pandemic, Bank of Africa (BoA) is providing restructuring of loans for businesses, cross-border business support in terms of assistance with suppliers, local and international trade finance and business advisory services…