Tag: COVID-19
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Gov’t to launch GHS100bn Coronavirus Alleviation Revitalization Programme
In a bid to pursue an aggressive process of rebuilding the Ghanaian economy due to the devastating impact of the COVID-19 pandemic, government has announced the setting up of a 100 billion Ghana cedi development programme known as the ‘Ghana Coronavirus Alleviation Revitalization of enterprises Support Program’. The Finance Minister, Ken Ofori-Atta, made this known…
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Mid-year Budget Review: Expand tax net to boost revenue – GUTA to Gov’t
The President of the Ghana Union of Traders, GUTA, Dr. Joseph Obeng, wants Government to use the Mid-year budget review as an opportunity to widen the country’s tax net to capture many more businesses to boost revenue generation. The emergence of the Coronavirus Covid-19 disease, has disrupted trading globally, and Ghana is no exception. From…
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Automobile sales to pick up towards end of 2020 – Silver Star Auto Head
Executive Director of luxury automobile distributors, Silver Star Auto Limited, Nouhad Kalmoni, is hopeful Ghana’s automobile industry will bounce back after sales generally plummeted due to the COVID-19 pandemic. The pandemic has had an impact on the globally integrated automotive industry with a disruption in export of Chinese parts, large scale manufacturing interruptions across Europe,…
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Silver Star Auto Ltd. launches new dealership for Citroën brand of vehicles
Leading automobile dealer, Silver Star Auto, has launched its new dealership in Accra for Citroën brand of vehicles. Speaking to citibusinessnews.com, the Executive Director of the company, Nouhad Kalmoni, said the new facility will showcase top of the range vehicles such as the new Citroën Cactus SUV, Aircross SUV, Citroën Jumper and Citroën Berlingo Van,…
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Widen tax net to make up for oil revenue shortfalls in mid-year budget – COPEC to Gov’t
The Chamber of Petroleum Consumers Ghana, COPEC, says government would have to be more serious about broadening the tax net especially by capturing the informal sector if it hopes to make up for the revenue shortfalls created by fallen crude oil prices. According to COPEC, the COVID-19 pandemic has presented an opportunity for government to…
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Comprehensive policies needed in post COVID-19 recovery – IEA
The Institute of Economic Affairs (IEA), says properly coordinated and comprehensive policies are required to ensure a post-COVID-19 pandemic recovery. It says the recovery would be difficult and protracted as the pandemic has caused extensive disruption to Ghana’s economy, severely affecting businesses, jobs and livelihoods. The IEA, in its summary of policy initiatives to government,…
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Intravenous Infusion targets West African market as COVID-19 slows demand for medical supplies
Pharmaceutical company, Intravenous Infusion PLC (ILL), has announced plans to expand its market reach in the West African sub-region. According to the company, this is due to an expected decline in its revenue generation as major health facilities in Ghana record reductions in Outpatient Department (OPD) attendance and the postponement of elective surgeries due to…
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COVID-19: Hyundai Motor Company donates PPE to Korle Bu Teaching Hospital
As part of efforts to support government in the fight against the COVID-19 pandemic, Hyundai Motor Company Limited, has donated 15,000 face masks and 1,000 protective suits worth USD $52,000 to the Korle Bu Teaching Hospital. According to the company, the donation is part of Hyundai’s commitment to support those in need in the sub-region…
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Pubs and Night Clubs hit by COVID-19 restrictions lament losses
In the discussions so far about various sectors of the Ghanaian economy that have been affected by the COVID-19 pandemic, one area that has barely featured is the entertainment sector. Beyond the excitement and relaxation the entertainment sector offers, there’s the business side of it, as it employs many people as a sustainable livelihood. This…
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Hotels & Tourist facilities encourage patronage as business picks up steadily
As economic activities pick up gradually following the partial easing of COVID-19 induced restrictions in the country, hoteliers and tourist site operators are urging members of the public to freely patronize their services. The continuous rise in Ghana’s COVID-19 case count appears to be creating some level of anxiety and apathy, leaving hotels and tourist…