Tag: COVID-19
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BOST closes down head office as 46 staff test positive for COVID-19
The Bulk Oil Storage and Transportation Company Limited (BOST), has closed down its head office at Dzorwulu after 46 employees tested positive for the novel Coronavirus. The office will be closed from Monday, July 6, 2020 to Monday, July 13, 2020. A statement issued by the Corporate Communications Department of BOST and sighted by Citi…
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Sub-Saharan Africa’s economy to shrink by 3.2% in 2020 – IMF
Data released by the International Monetary Fund, IMF, in a revised Regional Economic Outlook (REO) forecast for 2020 indicates that countries within Sub Saharan Africa will suffer a significant shrink due to depressed economic activity, a negative outcome of the novel Coronavirus pandemic. According to the IMF, earlier anticipated impact could worsen in Sub Saharan…
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GIPC to revise incentive packages to boost foreign investment post COVID-19
The Chief Executive Officer of the Ghana Investment Promotion Centre, GIPC, Yofi Grant, says the agency is revising its incentive packages to encourage Foreign Direct Investments into the country post COVID-19. He says this will include offering incentives to foreign investors who will partner Ghanaians to build local capacity. While admitting that the novel coronavirus…
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We’ll remain on strike until our salaries are paid – Metro Mass staff
Agitated workers of state transport, Metro Mass Transit Limited, MMTL, say their sit-down strike will continue unless their two months’ salary arrears hit their accounts. According to them, life has been unbearable in the last two months. In an interview with Citi Business News, the Chairman of the Junior Staff Union of MMTL, Samuel Kwesi…
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TEN Field’s challenges and crude price fluctuations reduced 2019 oil revenue – IES
The Institute for Energy Security, IES, says the drop in Ghana’s oil revenue in 2019 could be attributed to the movement of crude prices on the world market and the challenges faced by Tullow Oil in the TEN Fields. Oil revenue dropped by 5 percent to 925 million dollars in 2019 from 977 million dollars…
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Financial service consumers cautioned against increased cyber-crime amid Covid-19
As more people rely on digital banking platforms to reduce human interface in the wake of the COVID-19 pandemic, some analysts in the some financial space have cautioned consumers to be wary of increasing cyber fraud. According to some observers of the financial sector, there was an increase in cyber fraud in Ghana during the…
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Any additional borrowing to finance expenditure risky for economy – Adu Sarkodie
An Economist, Dr. Adu Owusu Sarkodie, says the Finance Minister, Ken Ofori-Atta should be able to outline the progress made so far with the allocation of support under the government’s Coronavirus Alleviation Programme when he presents the Mid-year budget review to Parliament later this month. Dr. Sarkodie says limiting budgetary allocation is critical, since an…
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Facilitate more exploration projects to mitigate impact of COVID-19 – Kosmos to Gov’t
Jubile partner, Kosmos Energy, has urged government to facilitate exploration projects for oil companies in the wake of the COVID-19 pandemic. The fall in oil prices coupled with reduced demand for oil, has taken a toll on the global oil industry and affected players in Ghana’s oil sector. Having set a benchmark of $58.66 oil…
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MTN extends fee waiver on up to GHS100 MoMo transfer by 3 more months
MTN has extended the fee waiver on its mobile money transfers of up to One hundred Ghana Cedis by three more months. The offer is now expected to end on September 30, 2020. “Mobile Money Limited has extended the fee waiver on MoMo on-net transfers up to Ghs100 daily till Sept 30, 2020. The extension…
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COVID-19: Kosmos Energy supports GHS with RNA extraction machine and swab kits
Kosmos Energy, a partner of Ghana’s Jubilee Fields, has donated some medical equipment to the Ghana Health Service as part of their support towards Ghana’s fight against the COVID-19 pandemic. The gesture forms part of the company’s Corporate Social Responsibility to Ghana in the wake of the global health crisis. The equipment include RNA extraction…