The Coronavirus Pandemic currently ravaging the world presents an opportunity to reset the African continent so that Africans can be empowered to become more productive and self-reliant, Tony Elumelu, Chairman of the United Bank for Africa (UBA) Plc, has stated
Mr Elumelu stated this at the high-level roundtable discussions made up of African...
US president Donald Trump continued his funding threats to the World Health Organization, WHO; with a May 18 letter that threatened outright withdrawal of the US from the organization.
The four-paged letter addressed to the WHO Director-General, Tedros Adhanom Ghebreyesus said that the body had 30-days to undertake needed reforms. “I will make my temporary freeze of United States funding...
The Ghana Education Service (GES), has called on national teachers’ associations such as the National Association of Graduate Teachers (NAGRAT) and Ghana National Association of Teachers (GNAT) for inputs on the strategies to adopt to ensure smooth re-opening of schools.
Director-General of GES, Prof. Kwasi Opoku-Amankwa - in a statement...
…following BoG’s earlier policy rate cut
After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline in April after the Bank of Ghana reduced the monetary policy rate the month before.
The Summary of Economic and Financial...
The Minister of Communication, Republic of Madagascar - Lalatiana Andriamanarivo, has stated that 37 African countries have so far requested Madagascar’s COVID-19 Organics (CVO) remedy for prevention and treatment of coronavirus and been supplied.
According to her, even though ECOWAS as a body has not issued an official statement to...
Government has announced that its indebtedness to the Electricity Company of Ghana (ECG) amounting to some GH¢2.6 billion has been settled, and also revealed a credit balance of GH¢500million. The move is part of efforts to guarantee viability of the power distributor and ensure it has enough funds to...
Even though the coronavirus pandemic has wrecked many sectors of the economy and plunged businesses into disarray, there is a positive side of the virus as it is pushing the cash-lite agenda of the country, according to data from the Bank of Ghana.
The Summary of Economic and Financial data...
Afia Asantewaa Asare-Kyei, one of 20 new members of an Oversight Board at Facebook, has stated that her new role would not be used to protect Facebook but rather push for transparency and freedom of expression.
“I have no intention or interest in protecting Facebook and I would not have...
As part of measures to close the yawning budget deficit gap created by impacts of the coronavirus pandemic, the central bank has triggered its emergency financing provision that will allow it to support government to the tune of GH¢10billion this year.
Since 2016 when Ghana entered into an Extended Credit...
as COVID-19 decimates export market
art and crafts sub-sector in total shutdown
Ghana Export Promotion Authority's (GEPA) hopes of realising US$3.6billion from Non-Traditional Exports (NTEs) this year is facing serious doubt due to the coronavirus pandemic.
This is because spread of the virus has led countries around the world to close down borders as a preventive measure, effectively implying that local producers and exporters...