Fabrimetal Ghana, producers of high tensile reinforcement bars, has donated 450 Cylinders of oxygen to the Korle-Bu Teaching Hospital through its ongoing support to fight COVID-19. This is to help in the management and treatment of COVID-19 patients in the country.
The 450 cylinders, which adds up to 4000 Cubic...
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The Netherlands contributed at the beginning of April the amount of €100million to the WHO for the fight against COVID-19 in the more vulnerable countries. This support aims not only at preventing and combatting COVID-19 but also focusses on mitigating socio-economic consequences.
At the beginning of last July, the Dutch...
The launch by Vice-President Dr. Mahamudu Bawumia of the US$7.5million Infectious Diseases Centre built by the Ghana COVID-19 Private Sector Fund, at the Ga East Municipal Hospital, is something worth celebrating.
Dr. Bawumia noted that the Centre celebrates Ghanaian ingenuity and patriotism, and dedication to humanity. The world-class facility was...
A business idea can sound like a spiritual vision to people. Not everyone will understand, only the person who conceived the idea. That can be a little discouraging, especially when those closest to you feel you are wasting your talent with some kind of unfeasible or even unreasonable adventure....
Declining trade volumes and values due to COVID-19 disruption in supply chains globally has had a serious effect on the wholesale, retail and distribution business in Ghana; thereby causing a ripple-effect on Specialised Deposit-Taking Institutions (SDIs).
In March 2020, the Bank of Ghana (BoG) announced a number of monetary policy...
The Trades Union Congress (TUC) has issued its preliminary comment on the mid-year budget review and says the measures announced by the Minister for Finance in the mid-year budget review have come at the right time.
“TUC fully supports these initiatives and is ready to work with government and all...
The Institute of Economic Affairs (IEA), a think-tank, has described the nation’s four-year growth rate projection of 5.4 percent as low, and below its potential compared to the various policies outlined in the budget to resuscitate the economy from the impact of COVID-19.
According to the Director of Research at...
Four years ago, Kenneth Rogoff, a former chief economist of the International Monetary Fund, made a powerful case for phasing out paper money. In his book The Curse of Cash, Rogoff argued that much paper money, especially high-denomination banknotes, facilitated tax evasion and fueled the drug trade – all...
Impact of COVID-19 in South Africa projected to affect the rest of Southern African economies
A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for testing and to reduce the impact on households and the economy, the African...
Bank of Ghana (BoG) data shows that the while coronavirus pandemic has severely bruised the country’s economy, leading to losses in most sectors, other sectors have started showing recovery even as early as the month of May 2020.
The data reveals cement sales and port activities have improved significantly in...