TIN mandatory full modalities out next week To ensure that the COVID-19 stimulus package for businesses reaches the four corners of the country, Rural and Community Banks would be part of the channels to be used in the distribution of funds, in addition to the EXIM Bank and...
The Ghana Institute of Freight Forwarders (GIFF) has pleaded to President Nana Akufo-Addo’s government to tarry awhile in the nationwide implementation of UNIPASS, now Integrated Customs Management system (ICUMS) to get all the fundamentals right. According to them, any attempt to introduce the failing system in busier ports like KIA...
The Ghana Union of Traders Association (GUTA) has expressed its disappointment with the Ghana Shippers’ Authority over modalities being used to implement the directives to waive demurrage and rent charges. This is because businesses were not able to operate within the lockdown period, and it is unimaginable that they would...
The UK-based Economist Intelligence Unit (EIU) has noted that the sharp plunge in global oil demand and prices will weigh heavily on productivity activity in the energy, oil and gas sectors of the country. The British research firm added that the decline in the hydrocarbons sector will have spillover effects...
Indigenous Oil Marketing company, GOIL Company Limited has presented personal protective equipment (PPE), Veronica Buckets, and disinfectants to the Ashaiman Polyclinic in support of the government’s efforts to stem the spread of the COVID-19 pandemic. The items, valued at GH₵20,000 comprised Veronica buckets; medical overalls; 2000 pieces of hand sanitisers;...
Welcome to another week of financial learning. We will be discussing the “hunger” impact of Covid-19 lockdown on the masses. The COVID-19 lockdown has taught us lessons that we will need to incorporate as part of our daily lives going forward. One such lesson is going back to the basics of...
The novel coronavirus, also known as COVID-19 has thrown the world into fear and changed our way is life, predictably, forever. Our conversations are now dominated by new catch vocabulary like “social distancing”, “lockdown”, “quarantine”, “remote working”, “working from home”, etc. As at the time of writing this piece, the...
More than 700 million Africans lack access to a bank or mobile money account and only 41% of Africans are financially included. This is due to the high cost of providing financial services in Africa which forces many financial services providers to remain focused on serving wealthier customers. These are some...
Faced with an unprecedented economic crisis due to the COVID-19 pandemic, policymakers in rich countries have adopted a ‘whatever it takes’ approach to save their economies from meltdown. But, confronted by an even worse crisis in the rest of the world, the same policymakers have echoed US President Herbert...
The novel coronavirus (COVID-19) has spread all over the world at an accelerated pace and the disease has already had adverse consequences on multiple countries across the globe. According to the World Economic Forum, the outbreak of COVID-19 has “highlighted cracks in global trust, the pitfalls of global interdependence and...