The practical challenge of quickly getting financial support in the hands of people who lost jobs amid the COVID-19 economic crisis has baffled advanced and developing economies alike. Economic lockdowns, physical distancing measures, patchy social protection systems and, especially for low-income countries, the high level of informality, complicate the...
CEO of E90 Ghana Limited, Fafape Ama Etsa Foe, has commended Vodafone Ghana for its mobile app initiative, Red Trader, a product created to provide digital solutions for traders especially during COVID-19 period. According to her, SMEs should take advantage of technology during this period for business continuity.
“As SMEs,...
Management of Quantity and Quality (Q and Q) services, a subsidiary of Kingdom Exim Group, has over the weekend opened an ultra-modern weighing bridge and truck parking facility in the harbour city, Tema, to importers and exporters for the purpose of proper weighing system for heavy duty trucks and...
Finnfund, a Finnish development finance company and impact investor, has provided a US$10 million senior loan to First National Bank Ghana Ltd. One of the key objectives of Finnfund’s investment is to support the Ghanaian financial sector and the growth of small and medium-sized enterprises (SMEs), and in particular,...
African countries’ vision of opening up the continent to trade, especially among member countries, has taken shape with the official inauguration and handing over of the African Continental Free Trade Area (AfCFTA) secretariat in Accra.
Ghana won the bid in July 2019 to host the secretariat of the AfCFTA and...
Zambian and Kenyan currencies are seen facing pressure this week as those of Nigeria, Uganda and Tanzania hold steady.
ZAMBIA
The kwacha is expected to remain under pressure against the US dollar this week due to declining supply of hard currency.
On Thursday, commercial banks quoted the currency in Zambia, Africa’s...
Former President John Mahama has promised to ensure that all debt owed Ghanaian contractors is paid to ensure economic stimulation. He made this known when he had a meeting with some members of the Association of Contractors to understand their plight and outline plans that will be put in...
COVID-19 has had devastating effects on businesses of all shapes and sizes around the world. This has caused a drastic shift in conduct and behaviour at work. It is affecting organisational culture, human interactions at work among others. Various measures have been put in place to contain and curb...
Parliament has approved US$86.1 million to be financed from the Israel Discount Bank to allow government procure new armoured vehicles and ammunitions for the Ghana Armed forces (GAF).
The loan is made up of US$74.1 million ASHRA Facility and a commercial loan of US$12 million seeks to address the challenges...