Ghana's COVID-19 cases have crossed the 5,000 mark to reach 5,127 with 22 deaths. Most of the deaths are associated with underlying ill-health.
According to Dr. Badu Sarkodie Addo, Head of Public Health Directorate, the age range for the deaths are between ages 9 and 82 years.
He said the mean...
First National Bank Ghana has launched ASPIRE (Accelerated Support for Pandemic Intervention and Relief Effort) to assist the government and its stakeholders in mitigating the impact of the COVID-19 pandemic.
ASPIRE is a rapid response fund to address the critical and immediate health care needs in Ghana. Richard Hudson, CEO...
As part of efforts towards combatting and containing the COVID-19 pandemic, ZEN Petroleum Limited, a leading, Ghanaian owned Oil Marketing Company (OMC) has made donations to the Tarkwa Municipal Hospital. This was done in a bid to shore up reserves of crucial personal protective equipment (PPE) and other essential...
As the coronavirus pandemic sweeps through the world with its resulting impact threatening the survival of businesses, more and more companies operating in Ghana say they have no option than to jettison staff or, at best, cut their salaries in order to keep their businesses afloat.
With the local tourism...
The National Insurance Commission (NIC) in June last year announced new minimum capital requirements for players in the insurance space, as part of a broader plan to increase the sector’s financial stability and capacity to handle bigger risks or big ticket transactions.
The commission wants insurance companies to increase their...
set to charge fees on Instant Pay, MoMo interoperability & ACH Direct
waivers affecting GhIPSS’ sustainability
fees charge takes effect from May 23
The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has said it is unable to continue waiving the fees it charged on services including Mobile Money...
A critical question is whether the exceptional expenditures relating to COVID-19 or Corona Virus will be recorded as mere (a) “footnote”; (b) Budget Appendix item; (c) “below-the-line” item; and (d) isolated from so-called “headline” budget deficit and public debt in Ghana’s fiscal records. If this continues, it will be...
Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has made a GH¢200,000 donation towards the construction of a 100-bed COVID-19 Infectious Disease Isolation and Treatment Centre as part of its support to several medical facilities spread across the country.
The COVID-19 Infectious Disease Isolation and Treatment Centre located...
The Ghana Microfinance Institutions Network (GHAMFIN) is working to set up a GH¢10million bailout fund to support its member, as the outbreak of COVID-19 has adversely impacted their bottom lines.
The action, according to Executive Director of GHAMFIN Yaw Gyamfi, is to help prevent any potential bankruptcy of any of its members...
Expected credit losses
Keeping employees safe
Cybersecurity issues, etc.
Banks should brace for substantial credit losses, increased cybersecurity challenges and increased cost in keeping employees safe as the novel coronavirus (COVID-19) continues to wreak havoc on all sectors of the economy, a report by PricewaterhouseCoopers (PwC) has said.
The report,...