The President, Nana Addo Dankwa Akufo-Addo, has cut sod for the construction of the first ever 100-bed Isolation and Treatment Facility in the country funded by the COVID-19 Private Sector Fund. The project, which is located at the Ga East Municipal Hospital and Ghana’s National Coronavirus Treatment Centre, is going...
Ambrose Dery, Member of Parliament (MP) for Nandom Constituency and Minister for Interior, has donated medical equipment and consumables to the St. Theresa’s Hospital in Nandom in the Upper West Region of Ghana. The MP also donated sums of money to the Nandom Health Directorate to enable officials fuel their...
Many African countries have introduced lockdowns in order to halt the spread of coronavirus, but, as Alex de Waal and Paul Richards argue, ordinary people have to be involved in choosing the solutions that will work for them. Countries on the continent have learned much from tackling epidemics such as...
President of the Ghana Hotels Association (GHA), Dr. Edward Ackah-Nyamikeh Jnr, has said government responded positively to the 10-point blueprint recovery plan presented to it for the revival of hotels’ operations and the wider hospitality sub-sector, which have been crushed by the ongoing pandemic. The recovery plan was presented at a press...
African countries must look to their local and global bond markets to raise enough capital to reboot their economies, which have been severely ravaged by COVID-19, African banks bosses have noted. Group Chief Executive Officer (CEO) of Ecobank, Ade Ayeyemi and the CEO of Equity Group Holding, James Mwangi noted...
The Parliament of Ghana has approved a loan agreement facility of US$200million from the World Bank as additional financing for the Ghana COVID-19 Emergency Preparedness and Response Project. The facility is expected to enable the rolling out of a mass vaccination programme in the country, as a number of individuals...
For most financial institutions globally, 2020 Financial Year (FY2020) is likely to be described as a year of abysmal performance, an outlier which caste malignant spell on important financial indicators, especially liquidity and profitability. Unavoidably, Microfinance Institutions (MFIs) are spared by this imminent spell. This is because; MFIs predominantly...
Tanzania’s President John Magufuli called on international creditors last week Wednesday to cancel debts owed by African nations to enable them use the savings to battle the coronavirus. Tanzania has so far reported 284 confirmed cases of COVID-19, the disease caused by the new coronavirus. Authorities have been urging people...
Although developing countries attracted a record share of global foreign direct investment in 2020, finance for infrastructure and productive sectors fell significantly, weakening their COVID-19 recovery prospects. Foreign direct investment (FDI) flows to developing economies have shown relative resilience to the COVID-19 crisis, falling by just 12% in 2020 compared...
Banks in the country are ready to finance projects and programmes in the private and public sectors with potential to revive the economy irrespective of COVID-19 prevalence, panellists at the fifth edition of the B&FT-organised Ghana’s Most Respected CEOs Breakfast Series, have said. The panel, made up of bankers, economists...