Government’s GH¢100 billion COVID-19 Alleviation and Revitalisation Enterprises Support (CARES) programme aimed at stimulating large industries to enhance job creation and foster economic revival must be properly managed or risk further shooting up the debt stock, global auditing giant Deloitte has said.
The country’s public debt stock has increased to...
Stunning restoration and conversion of a historic building places Accra City Hotel’s guests in the heart of the city and among the first to savour the debut of a new dining experience by award-winning Chef Lucky Alifoe.
With an attractive and well lighted lobby welcoming guests at its heart, Accra City Hotel...
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...
Sometimes something might seem like bad news but could turn out to be a blessing in disguise. It is an open secret that the outbreak of coronavirus (COVID-19) has been a catastrophic turn of events in economies and business. However, it has also created business space for others to...
Local pharmaceutical manufacturers want the imposition of restrictions on the importation of basic drugs that are being produced in the country, so as to promote the local industry and make the vision of ‘Ghana beyond Aid’ a reality.
Indeed, the impact of COVID-19 on the economy and the realization that...
The Ministry of Aviation would be sending a comprehensive proposal to the President this week on how it plans to reopen the nation’s air borders. The proposal has a detailed plan, recommending a number of scenarios, impact analysis and control mechanism that can be introduced to hugely mitigate the...
The corporate social responsibility arm of Newmont Ahafo Mine, Newmont Ahafo Development Foundation (NADeF), has donated basic personal protection equipment (PPE) to seven health facilities in its operational area to help fight against coronavirus (COVID-19).
The PPE, valued at GH¢48,696 comprised of 100 gallons of hand sanitizers (5L), 5,000 pieces...
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...
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,...
Quantitative Easing (QE) is another form of expansionary monetary policy in which the Central Bank of a country purchases a large number of financial assets, such as bonds, from commercial banks and other financial institutions. The purchase of these assets in large amounts increases the excess reserves held by...