Tag: COVID-19
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Shippers’ Authority officially suspends rent and demurrage charges for cargo during partial lockdown
The Ghana Shippers’ Authority has officially written to inform the Ghana Ports and Harbours Authority, GPHA, and all other players in the shipping industry that it has waived off charges on “demurrage/detention and storage rent charges” on all cargo which have remained uncleared at the ports from March 30, 2020 to April 19, 2020. This…
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COVID-19 social interventions should have been targeted to make impact and reduce cost – Ken Thompson
The Chief Executive Officer of Dalex Finance, Ken Thompson, says government’s social intervention programmes aimed at bringing some relief to Ghanaians in the fight against COVID-19 would have made much impact if it was targeted at the poor. According to him, some Ghanaians do not need their utility bills to be subsidized since they’re better…
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CUTS advocates implementation of AfCFTA in 2nd quarter of 2021 due to COVID-19
Research and Public Policy Think Tank, CUTS, says a postponement of the implementation of the African Continental Free Trade Area (AfCFTA), would be ideal in the wake of the COVID-19 pandemic. Last week, AfroChampions, also a Policy and Advocacy think tank, suggested that the implementation should go ahead on July 1, 2020 as scheduled, as…
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Economist urges Gov’t to announce modalities for accessing GHS600m SME loan on time
The National Board for Small Scale Industries, NBSSI, has been urged to quickly come out with modalities required for the disbursement of government’s stimulus package of 600 million cedis meant to support small businesses as the country fights the spread of COVID-19. Government announced that it has set aside 600 million cedis to help sustain…
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BoG directs banks, SDIs not to declare dividends to shareholders amid COVID-19 troubles
The Bank of Ghana has directed all banks and Specialized Deposit Institutions (SDIs), to desist from declaring and paying any dividends or distributing reserves to shareholders as the country fights the COVID-19 pandemic. By this, shareholders are not expected to receive dividend from banks and SDIs for the 2019/2020 financial year. A press statement issued…
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‘A careful balance of many factors led to lifting of partial lockdown’ – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo, says the decision to lift the partial lockdown on Accra, Kumasi, Tema, and Kasoa, which was implemented to control the spread of the COVID-19, was taken after careful consideration of a number of factors. According to the President, the country’s current capacity “to trace victims of this disease, being able…
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Kumasi: Market closed again after traders failed to ensure social distancing
Traders at the Dr. Mensah section of the Kumasi Central Market have been moved from the market as that section has been closed down. This is because they failed to ensure social distancing despite being allowed to return to the market after the government lifted the partial lockdown on the Greater Kumasi Metropolitan Area. Citi…
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Ghana Association of Bankers contributes GHS2m to COVID-19 Fund
The Ghana Association of Bankers in a bid to mitigate the impact of COVID-19 on individuals and businesses in Ghana, has contributed two million Ghana cedis to the Ghana COVID-19 Private Sector Fund. The amount is GAB’s contribution towards the construction of a 100-bed COVID-19 Infectious Disease and Isolation Facility, located at the Ga East…
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COVID-19:Ghana gets $500m debt repayment freeze from World Bank
Ghana has secured a $500-million dollar freeze in debt and interest repayment for the rest of this year from the World Bank, President Nana Akufo-Addo has announced. This forms part of a Pan-African effort to bring debt relief to Africa due to the economic impact of the novel coronavirus pandemic, the President said. Addressing the…
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World Bank Group and IMF mobilize partners for COVID-19 fight in Africa
The World Bank Group and International Monetary Fund on Sunday April 18, convened a meeting of African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in African countries. Cyril Ramaphosa, President of South Africa, United Nations Secretary General Antonio Guterres, Director General of the WHO Dr. Tedros Adhanom Ghebreyesus, Africa…