Country Managing Partner for Deloitte Ghana, Daniel Kwadwo Owusu, has said that with the end of COVID-19 still unknown, banks need to capitalise on new opportunities and innovations to take decisions which guarantee their survival amid and beyond the pandemic.
Speaking in a live conversation on the Ghana’s Most Respected...
Banks are still waiting on the Central bank to offer specific guidelines on the measures introduced - including reduction in interest rates and reserve requirements to combat impacts of the Coronavirus pandemic, since being without timelines and durations makes planning difficult.
Despite their introduction in March, 2020 - with banks...
The Board of Directors of the African Development Fund (ADF) has approved a US$69million grant to support Ghana’s efforts in tackling the COVID-19 pandemic and to mitigate its socio-economic impact on the nation.
The grant from the ADF, the concessional arm of the African Development Bank, will provide fiscal budget...
A new COVID-19 Business Tracker Survey conducted by the Ghana Statistical Service (GSS), in collaboration with the United Nations Development Programme (UNDP) and the World Bank, demonstrates the considerable impacts on Ghanaian businesses as a result of the pandemic outbreak.
It forced many firms to cut costs by reducing staff...
Finance Minister Ken Ofori Atta is optimistic that the projected tax-to-GDP of 20 percent from the current 13 percent will materialise if government increases revenue mobilisation and harnesses a digitalised economy.
This, the minister said, when attained will enable government to raise funds to support the recently announced GH¢100billion Ghana...
Over 600 Ghanaian seafarers are stranded abroad due to the Coronavirus pandemic which has led to partial boarder closures globally, data from maritime services provider, Schulte Maritime Services Ghana (SMSG) - a wholly-owned subsidiary of the Schulte Group - has shown.
According to the data, these Ghanaians who embarked on seafaring activities to...
A recent study on C-Suite perceptivity of the economic impact of COVID-19 revealed that revenue connected to tourism, aviation, property sales and entertainment all decreased by over 90% in the first and second quarters of 2020.
Conducted by industrialisation and supply chain expert Professor Douglas Boateng, the purposive study also...
The shock caused by the COVID-19 pandemic has had considerable impacts on Ghanaian businesses, forcing many firms to cut costs by reducing staff hours, cutting wages, and in some cases laying off workers.
This is according to results from a new COVID-19 Business Tracker Survey conducted by the Ghana Statistical...
Prudential Life Insurance has announced a partnership with three institutions; United Way Ghana, United Nations Population Fund (UNFPA) and the School of Languages, University of Ghana to fund projects that are set to impact over 23,000 Ghanaians.
United Way Ghana is bringing together local expertise in the fields of education,...