Tag: COVID-19
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Anglogold Ashanti shuts South African mine over 164 COVID-19 cases
AngloGold Ashanti’s Mponeng mine in South Africa has been temporarily closed after 164 workers tested positive for the coronavirus, the gold miner said in a statement on Sunday. The mine, the deepest in the world, only re-opened in April after being shut under a nationwide lockdown, and had been operating at around 50% capacity. It…
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GCX working to reverse drop in trading due to COVID-19 – CEO
The Ghana Commodity Exchange (GCX), says it is working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations. The Exchange has seen a huge drop in trading on its platform since the outbreak of COVID-19 in Ghana, as farmers who used to supply it with commodities…
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Applicants for GHS1bn stimulus package call for early disbursement
Some persons in the Ashanti Region who have applied for government’s GHS 1billion stimulus package to support SMEs affected by the coronavirus pandemic, are urging government to ensure early release of the funds to help them achieve the desired impact. The coronavirus pandemic has negatively impacted many businesses in the country, with over 14,000 business…
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We don’t have challenges, May salaries will be paid on time – CAGD assures
The Controller and Accountant General’s Department (CAGD), has debunked some reports on social media suggesting that validation for the salaries of government workers for the month of May has been postponed due to some technical challenges. The widely circulated reports claimed that the payment of salaries of public sector workers for May was going to…
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![COVID-19 and climate change: One opportunity to fight two crisis [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2020/04/Paa-Kwesi-Anamuah-Sakyi-TGR.jpg)
COVID-19 and climate change: One opportunity to fight two crisis [ARTICLE]
The coronavirus (COVID-19) pandemic has become one of the biggest threats to the global economy and financial markets. The effect has already been felt in a wide range of energy markets, including coal and gas – but its impact on oil markets is exceptionally grave due to the constraint on people and goods from moving…
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Emmanuel Appiah-Kubi writes: COVID-19; The accountant’s perspective
Never have I imagined an era of a time when governments in Africa would ask churches, mosques and other places of worship to close their doors whilst the UK government also asks pubs to close their doors to the public. In most parts of Africa it is a taboo for any government to criticize a…
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Standard Chartered provides vulnerable communities with COVID-19 relief
Standard Chartered Bank Ghana Limited has partnered with United Way Ghana to provide COVID-19 relief to vulnerable households in the Ayawaso District of the Greater Accra Region. The relief package comprises nutrition packs, health and hygiene items to vulnerable households, literacy materials for children and sanitation items to a Community Health Centre. Beyond giving out…
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Ghana’s COVID-19 case count hits 5,918 with 31 deaths
Ghana’s COVID-19 case count has risen to 5,918 after 183 new cases were confirmed. This is according to the Ghana Health Service’s latest update on Tuesday morning [May 19, 2020.] Two new deaths have also been confirmed, increasing the toll to 31. The number of persons who have recovered from the virus in Ghana, however…
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We’ll use financial institutions to disburse GHS600m SME loan – NBSSI
The Executive Director of the National Board for Small Scale Industries, NBSSI, Kosi Yankey, has explained that financial institutions will be used to disburse the 600 million cedis stimulus package allocated to support small and medium scale enterprises. Following the negative impact of COVID-19 on businesses and individuals, the amount has been set aside by…
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Prof. Quartey backs BoG’s GH¢10bn financing for government’s 2020 budget
Economist, Prof. Peter Quartey, has backed the Bank of Ghana’s decision to support government’s budget to cushion the economy from the adverse impact of COVID-19. The central bank has indicated that it is supporting the Ghanaian economy with ten billion cedis to bridge the budget deficit caused by the global pandemic. The Governor of the…