Tag: economic impact of coronavirus
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Business yet to pick up fully at Madina Market after disinfection exercise
Some traders at the Madina Market in Accra say they’re yet to experience a full resumption of business activities following Monday’s disinfection exercise at the market by government in a bid to curtail the spread of the coronavirus pandemic. The traders say although business has been quite slow, they’re hopeful things will pick up in…
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Coronavirus: Greater Accra markets to close down next Monday for fumigation
Markets in the Greater Accra Region will be closed on Monday, March 23, 2020, for a fumigation exercise as part of Ghana’s fight against the coronavirus pandemic. This is part of the nationwide disinfection of public spaces to control the virus. There are concerns about how best the country can maintain social distancing in crowded…
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Impact of COVID-19: Hoteliers call on gov’t for tax cuts to sustain their operations
The Ghana Hotels Association has called on government to consider some tax cuts for its members as the spread of the coronavirus pandemic takes a toll on their operations. Some hotels have started laying off casual workers in a bid to sustain their operations due to a huge drop in patronage. Some hotel managers fear…
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Traders record high sales amidst panic shopping over COVID-19 fears
With over 200,000 coronavirus cases recorded globally, some individuals who are uncertain about when the wave will end have resorted to panic buying. This action has also become necessary especially in countries where there’s a total lockdown to contain the spread. Although Ghana has recorded 11 cases with no death yet, some citizens are alarmed,…
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![Economic policies for Coronavirus: Saving lives, safeguarding livelihoods [Article]](https://citibusinessnews.com/wp-content/uploads/2020/03/GSB-B-fast.jpg)
Economic policies for Coronavirus: Saving lives, safeguarding livelihoods [Article]
The impact of the coronavirus (COVID-19) pandemic is unprecedented in the modern era. Equally unprecedented is the escalation of the response around the world. Even for countries without an outbreak, spillovers from the global pandemic and social distancing measures locally would likely deal a severe blow to economic activity this year. Social distancing and containment…
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Hotels lay off casual workers to cut operational cost as COVID-19 reduces patronage
The threat posed to businesses by the coronavirus pandemic appears to be reaching alarming levels particularly in the aviation and hospitality and tourism sectors. In Ghana, some hotel managers have started laying off casual workers due to low patronage. The hotel managers, who say patronage has dropped by a huge margin, want government to offer…
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COVID-19 impact: Importers & traders anticipate possible closure of shops over shortage of goods
Beyond the loss of human lives and the pressure brought on health systems globally by the coronavirus pandemic, the disease is threatening livelihoods as businesses and economic activities have been severely impacted. Aside from the aviation and tourism sectors, which have been badly hit, trading has generally seen a massive reduction. In Ghana, some importers…
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We’ve assessed potential economic impact of coronavirus on Ghana – Oppong Nkrumah
The Minister for Information, Kojo Oppong Nkrumah, says Ghana’s Economic Management Team and the Finance Ministry, has carried out adequate assessment of the economic impact of the spread of the coronavirus pandemic. His comment comes after Ghana recorded its first two imported cases from Turkey and Norway, involving a Norwegian national and a Ghanaian. The…