Tag: COVID-19
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COVID-19: Ghana Hotels Assoc. appeals for support for members to maintain staff
The Ghana Hotels Association is pleading with government to support the payment of salaries for hotel staff that have been sent home due to low patronage as a result of the COVID-19 pandemic. The hospitality and tourism industry is among the sectors severely hit by the pandemic as hotel rooms and conference rooms are almost…
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COVID-19: Banks to support pharmaceutical firms with GHS3bn loan package
The Ghana Association of Bankers has announced a GHS3 billion specialized loan package to support pharmaceutical companies operating in the country, as the coronavirus pandemic takes a toll on businesses. According to the Association, the pharmaceutical sector is a critical component in the fight against COVID-19, hence the need to assist the sector. The Association…
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Be considerate with our members as business slows – GUTA begs shop owners
The Ghana Union of Traders Association, GUTA, is appealing to shop owners who have rented their spaces to traders to consider suspending rent payment as businesses equally bear the brunt of the coronavirus pandemic. According to GUTA, even though its members have paid advanced rent to use the shops, the lockdown and the accompanying challenges…
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COVID-19: Akufo-Addo announces GHS600m soft loan scheme for SMEs
Government is set to roll out a soft loan scheme of up to six hundred million Ghana cedis for small to medium scale enterprises following the economic impact of the novel coronavirus, President Nana Akufo-Addo has announced. Addressing Ghanaians in a nationwide broadcast on Sunday [April 5, 2020] on further measures to mitigate the spread…
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COVID-19 Trust Fund generates GHS8.75m in donations – Akufo-Addo
President Nana Akufo-Addo has revealed that the COVID-19 National Trust Fund has so far accrued a total sum of GH¢8.75 million in donations from the general public. He says the figure also includes an amount of US$600,000. He announced this while addressing Ghanaians in a nationwide broadcast on Sunday [April 5, 2020] on additional measures…
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COVID-19: Nine new cases push Ghana’s count to 214
Nine new COVID-19 cases have been confirmed in Ghana. This has increased the country’s case count to 214 as at 0600GMT on Sunday, April 5, 2020. Six of the cases were confirmed in the Greater Accra Region while the remaining three were recorded in the Ashanti Region. One of the patients who contracted the disease…
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Akufo-Addo extends closure of Ghana’s borders by two weeks
President Akufo-Addo has extended the closure of Ghana’s borders by two more weeks. The extension takes effect from midnight of April 5, 2020. The Minister for Information, Kojo Oppong Nkrumah in a tweet on Saturday said; “President Akufo-Addo has by a new Executive Instrument, E.I. 66, extended the closure of Ghana’s borders by another two…
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Get banks to reduce interest rate on loans over COVID-19 impact – GUTA to Gov’t
The Ghana Union of Traders Association, GUTA, is appealing to government to get banks to reduce interest rates on loans given to businesses or defer interest payment due to the economic impact of the COVID-19 pandemic. According to the Association, it is unreasonable for banks to still maintain high interest rate on loans in such…
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‘Use data responsibly; avoid videos during peak hours’- Telcos urge consumers
To ensure the fair, responsible and rational use of telecommunications networks and the internet, as the novel Coronavirus continues to spread, the Ghana Chamber of Telecommunications (GCT) is urging the public to adopt responsible internet etiquette and avoid the use of online entertainment services during digital traffic rush-hours, that is between 9:00am and 11:00am and…
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IMF’s request for reduced interest payment on loans will help Ghana – Lord Mensah
Economist, Dr. Lord Mensah, is hopeful the International Monetary Fund’s (IMF) appeal to developing countries’ creditors to reduce interest payment on loans will help ease up the burden on Ghana’s external debt component if the creditors respond positively to it. In the wake of the COVID-19 pandemic, the IMF has urged creditors to consider the…