Tag: COVID-19
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COVID-19 and Jobs: IHRMP issues management guidelines for HR practitioners
The COVID-19 pandemic across the world has brought with it a lot of uncertainties resulting in fear, anxiety and insecurity among employers and employees. In effect, the situation is testing stress levels and the ability of people to stay stable and resilient in these trying and unusual times. It is against this background that IHRMP…
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COVID-19 poses no major threat to Ghana’s food security – Agric Minister
The Minister for Agriculture, Dr. Owusu Afriyie-Akoto, says Ghana’s food security is assured, and that the country faces no shortage in spite of the Coronavirus pandemic in Ghana. According to him, the abundance in food is attributed to the success government’s flagship Planting for Food and Jobs Programme. Following the outbreak of the novel Coronavirus…
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Economist cautions Gov’t against wrongful use of COVID-19 stimulus package
The Head of the Economics Department at the University of Ghana, Prof. William Baah-Boateng, is urging government to restrain itself in the disbursement of its extensive financial packages to individuals and businesses as the country continues to face the economic impact of the novel Coronavirus pandemic. According to him, although there is the need to…
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TUC urges use of social dialogue in addressing COVID-19 impact on jobs
Director of Research and Policy at the Trades Union Congress (TUC), Dr. Kwabena Nyarko Otoo, is calling on government and stakeholders to resort to social dialogue in addressing the economic impact of the novel Coronavirus on businesses. Social dialogue is the process whereby social partners negotiate, often in collaboration with the government, to influence the…
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World Bank predicts global remittances may drop by 20% in 2020 due to COVID-19
The World Bank is projecting that global remittances may decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers,…
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Lifestyle and fashion businesses lament low sales amid COVID-19
Local producers in the lifestyle and fashion industry say they have recorded low sales since Ghana recorded its first COVID-19 case in March. Most producers in the fashion business say they started seeing a dip in online sales and direct shop purchases because most of their products don’t fall under essential items needed around this…
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COVID-19: Ghana’s case count hits 1,154 with 120 recoveries
Ghana’s novel Coronavirus cases have increased from 1,042 to 1,154 with 120 recoveries. However, the number of deaths still remain at 9. This was revealed by the Ghana Health Service (GHS) at a press briefing on Wednesday, April, 22, 2020. This shows that 112 new cases have been confirmed with 21 more people recovering since…
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Halting dividend payments to shareholders necessary to protect banks – Banking consultant
Banking Consultant, Nana Otuo Acheampongm says the Bank of Ghana has the power to undertake periodic assessment of the financial sector to protect depositors’ funds as the country fights the COVID-19 disease. His assertion follows a directive by the central bank to all banks and Specialized Deposit Institutions (SDIs), to desist from declaring and paying…
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Oil production in Ghana threatened by continuous drop in Brent crude prices – IES
The Institute of Energy Security, IES, says oil producers in Ghana may be compelled to halt their production if the global price of Brent Crude continues to fall. The price of US oil turned negative for the first time in history on Monday, 20th April, 2020. By this, oil producers are paying buyers to take…
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![Rapid Credit Facility vrs Extended Credit Facility; restoring Ghana’s economy after COVID-19 [Article]](https://citibusinessnews.com/wp-content/uploads/2020/04/Emma-Picture.jpg)
Rapid Credit Facility vrs Extended Credit Facility; restoring Ghana’s economy after COVID-19 [Article]
The International Monetary Fund (IMF) Executive Board on 13th April, 2020 approved the disbursement of US$ 1 billion to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence and catalyze support from other development partners. The RCF…