Tag: COVID-19
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COVID-19: July’s budget will reposition Ghana’s economy – Ken Ofori Atta
The Minister of Finance, Ken Ofori-Atta, says the new budget to be presented in Parliament in July this year, will reposition Ghana’s economy to meet the global effects of the novel Coronavirus pandemic. According to him, since the 2020 budget has been disrupted due to the pandemic, there is the need for a new fiscal…
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Finance C’ttee yet to decide on request for lowering of Stabilization Fund cap
Parliament’s Finance Committee on Wednesday April 1, 2020, concluded a meeting on government’s request for the lowering of the cap on the Stabilization fund from 300 million dollars to 100 million dollars.. According to Citi Business News sources in the meeting, the Committee could not conclusively deal with the matter due to the absence of…
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AGI to aid identification of members in SMEs sector exempted from partial lock-down
Following reports that some security personnel are curtailing the movement of employees of various companies due to the implementation of the partial lockdown, the Association of Ghana Industries (AGI), says it is taking immediate steps to provide its members with appropriate forms of identification. The two weeks partial lockdown on Accra, Tema, Kasoa and Kumasi,…
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Absa Ghana donates GHS1m towards Ghana’s COVID-19 fight
Absa Bank Ghana has donated an amount of GHS1 million to Ghana’s COVID-19 Fund to help in the fight against the spread of the coronavirus in the country. The donation, which is in response to President Akufo-Addo’s announcement of the creation of a COVID-19 Fund is towards the procurement of test kits and Personal Protective…
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Prudential Life Insurance introduces COVID-19 cover for customers
Prudential Life Insurance Ghana has introduced a free COVID-19 benefit dubbed ‘Pru Covered-19’ to support new and existing customers as the nation implements measures to mitigate the impact of the global outbreak of the coronavirus pandemic. The new benefit takes effect from March 30, 2020, for existing customers and activated from the policy start date…
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COVID-19 cases in Ghana now 195
The novel coronavirus cases in Ghana have risen to 195 according to the Health Minister, Kwaku Agyemang Manu. Thirty-four new cases have been recorded since Tuesday, March 31, 2020. The Greater Accra Region has 174 of these cases, the Northern Region has 10, the Ashanti Region has nine, the Upper West Region has one, and…
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Top hotels in Accra shutdown due to poor patronage over COVID-19
As the economic impact of the COVID-19 pandemic continues to widen globally and here in Ghana, Citi Business News has learnt that some major hotels in Accra have shut down their operations due to low patronage. Prior to this, some laid-off casual workers, and were preparing to cut down on permanent staff. Some top hotel…
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COVID-19 stimulus package must go to critical areas of economy – Economist
Economist, Dr. Lord Mensah, is urging government to direct its incentives aimed at mitigating the impact of the COVID-19 on businesses to critical sectors of the economy such as agro processing. He cautioned that even though players in the hospitality and tourism industry are asking for support, injecting funds into those areas may not yield…
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adb cuts staff by 45% to observe social distancing in COVID-19 fight
The Managing Director of adb Bank, John Kofi Mensah, says the bank as part of its efforts to prevent the spread of the COVID-19 internally, has allowed 45 percent of its workforce to go on mandatory leave. This follows a directive from the Bank of Ghana asking all financial institutions operating in the country to…
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Hollard Ghana donates GHS100,000 towards Ghana’s COVID-19 fight
Hollard Ghana, a leading insurance service provider, has donated GHS100,000 to Ghana’s COVID-19 Fund established by government to urgently finance efforts to contain the spread of the virus. Last week, President Akufo-Addo announced the creation of a COVID-19 Fund with his three-months salary as seed money, to support the well-being of those who will be…