Despite the coronavirus smashing business confidence and unsettling the private sector, especially before and during the three-week lockdown in April, a market report has indicated that confidence has rebounded some few weeks after the restrictions were eased.
The report, authored by IHS Markit Ghana PMI, shows the headline seasonally adjusted...
For Ghana to achieve the dream of a cashless economy, government must take the lead in deploying digital options for others such as private businesses and individuals to follow, digital experts have said.
Dario Bianchi, Digital Services Consultant-MTN Ghana, said operating a cashless or contactless economy post COVID-19 is attainable;...
Companies prefer to satisfy regulators, not save themselves
No stress-testing of plans to see their effectiveness
Companies in the country that have Business Continuity Plans in place have those plans to satisfy regulatory directives, not to actually save themselves in times of crisis such as COVID-19, a survey...
The National Petroleum Authority (NPA) has said that per its calculations, the directive to Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum products from 3 pesewas to 6 pesewas effective June 1 will not increase the cost of petroleum products beyond 0.5...
The Minister of Railways Development, Joe Ghartey, has disclosed that the 97km eastern route rail line from Tema to Mpakadan is 60% complete.
The percentage of completion, according to him, is based on the interim payment certificates which have been passed by consultants of the project. “They have passed 24...
With output having collapsed as a result of the COVID-19 pandemic, many are wondering how far monetary policy can be stretched to support the economy. For the US Federal Reserve, negative interest rates appear to represent an effective limit, not because such a policy is technically unfeasible, but because...
Accurate and timely economic data are crucial for informing policy decisions, especially during a crisis. But the COVID-19 pandemic has disrupted the production of many key statistics. Without reliable data, policymakers cannot assess how badly the pandemic is hurting people and the economy, nor can they properly monitor the...
There have been calls from many Civil Society Organizations and governance expert on the need to reform internal auditing in the Public Service to protect the public purse. The Auditor-General, Mr. Daniel Dormelevo recently said Internal Auditors (IA) need autonomy to end corruption in the public sector. He emphasized...
Kenya’s shilling is expected to weaken against the dollar this week , while Uganda’s will strengthen, traders said.
KENYA
The Kenyan shilling could come under pressure from end-of-month dollar demand from the energy sector and multinational companies paying dividends.
Commercial banks quoted the shilling at 107.00/20 per dollar, compared with 106.70/90...
Traders see up to 30% losses due to COVID-19 restrictions
Goods spoil as border closures disrupt food transport
Trade frictions could contribute to food crisis - U.N.
In ordinary times, it takes Boureima Diawara two or three days to truck his mangoes the 1,200 km (745 miles) from southern...