Tag: COVID-19
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Suspended Schlumberger workers demand full severance package
Suspended workers of Schlumberger, an international oil and gas service provider operating in Ghana, are demanding full severance package as agreed in their 2016 Memorandum of Understanding (MOU). The Chairman of the Schlumberger Workers Union, Bright Kwabena Danquah, told Citi Business News the company last month gave letters to about 60 of its Ghanaian workers…
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BoG clean up responsible for banks’ resilience to COVID-19 shocks – Consultant
A banking consultant, Nana Otuo Acheampong has said the financial sector cleanup carried out by the Bank of Ghana, is responsible for the resilience of banks amidst the COVID-19 pandemic. A new report by the Bank of Ghana has established that even though banks have been resilient to shocks amidst the COVID-19 pandemic, the same…
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Marginal slowdown in Ghana’s growth rate a cause for concern – Economist
A Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Peter Quartey, says the slowdown in Ghana’s growth rate for the first quarter is worrying. Latest data from the Ghana Statistical Service indicates that Ghana’s GDP growth rate slowed down to 4.9% in the first quarter of 2020, as compared to…
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Ghana’s COVID-19 cases hit 14,007 with 10,473 recoveries and 85 deaths
Ghana COVID-19 case count has increased to 14,007 This is according to the Ghana Health Service. The update shows that 290 new COVID-19 cases have been recorded in addition to the last case count. Also, a total of 10,473 people have also recovered or have been discharged, leaving the country’s active cases at 3,449. The…
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Ghana’s COVID-19 cases now 13,717; with 10,074 recoveries and 85 deaths
Ghana’s total COVID-19 case count has increased to 13,717 after 514 new cases were recorded. The number of recoveries has also increased to 10,074 following the new discharge protocols announced by the Ghana Health Service in line with the World Health Organizations review of the guidelines. Per the new protocol, asymptomatic persons are discharged after…
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NBSSI extends application deadline for GHS1bn SMEs stimulus package
Small and Medium Scale Enterprises hoping to benefit from government’s GHS1 billion stimulus package, have one more one week to put in their applications. The National Board for Small Scale Industries, NBSSI, has extended the deadline for applications for the GHS1 billion Coronavirus Alleviation Programme Business Support Scheme by six more days. The package is…
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Finance Minister to present mid-year budget in July
The Finance Minister, Ken Ofori-Atta, is expected to present the Mid-Year Budget Review and Supplementary estimates in Parliament in July this year. This is in accordance with Section (28) of the Public Financial Management Act, 2016 (PFMA) Act 921 which requires that the Finance Minister presents a Mid-Year Review to parliament six months after the…
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Paa Kwasi Anamua Sakyi writes: Fuel price increases; who is to be blamed?
It took the intervention of the coronavirus which emanated from China in early January 2020 to briefly halt the persistent increases in fuel prices in Ghana. Prior to that, the country has had to contend with persistent increases in fuel prices since January 2017. The revision and the neutralization of the Price Stabilization and Recovery…
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#CitiBusinessFestival: Participants call for a shift in policy to reduce import of tomatoes
Participants at the third edition of the Virtual Business Forum, which is part of this year’s Citi Business Festival, are calling for a policy shift to reduce the importation of basic vegetables such as tomatoes. Ghana imported 99 million cedis worth of tomatoes from Burkina Faso in 2018. The country is said to also import…
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Accra: Some Eateries lament low patronage despite easing of restrictions on public gathering
Despite the easing of COVID-19 induced restrictions on public gathering, some popular eateries in the Greater Accra Region say they’re still recording low patronage. For nearly three months, many restaurants and eateries have not operated fully as they could not host guests. But the easing of the restrictions now permits restaurants to host clients albeit…