PricewaterhouseCoopers (PwC) has presented its report on the impact of COVID-19 on the country’s banking sector, and announced that banks should brace for substantial credit losses, increased cybersecurity challenges, and increased cost in keeping employees safe while the pandemic ravages the economy.
The report paints a grim outlook for the...
A new WHO Africa study based on assumptions that no containment measures are put in place projects that the novel coronavirus could kill between 83,000 and 190,000 people in Africa in the first year, and infect between 29 million and 44 million in the first year.
Thankfully, most countries on...
President of the African Development Bank, Akinwumi Adesina, has again received high plaudits from his colleague African Heads of State for his sterling leadership. Former Liberian President, Ellen Johnson Sirleaf, and South Africa’s President and African Union chairperson Cyril Ramaphosa jointly commended Akinwumi for his visionary leadership and bold...
Global merchandise trade is set to plummet by an estimated 13-32% this year (2020) because of COVID-19, trade analysts have indicated.
The pandemic has paralysed manufacturing networks and supply chains – especially in China, which accounts for 28% of global manufacturing output. The COVID-19 pandemic has brought the global economy...
International businesses are the hardest hit by the on-going COVID-19 pandemic and the cashew sector is no different.
China, USA and European countries, which are the major cashew kernel markets, have closed their borders to travels to control the spread of the deadly virus, slowing down trade. Cashew processing giants...
COVID-19’s global economic fallout is widely acknowledged and least developed countries (LDCs) have limited capacity and preparedness to handle the economic fallout of the COVID-19 crisis, which means they will most likely face significant hardships.
Initial estimates suggest that these disruptions could potentially contribute to increased global poverty, with the...
Every year on 5 May the world celebrates World Hand Hygiene Day. This year, as we battle the COVID-19 pandemic, the life-saving importance of clean hands has never been more prominent.
WHO Regional Director for Africa, Dr. Matshidiso Moeti, says we can protect ourselves and our families by frequently washing...
The National Labour Commission has entreated private organizations not to lay off workers, even though companies are finding it difficult to make ends meet due to the outbreak of COVID-19 and its accompanying attendant restrictions.
Though unconfirmed, news making the rounds has it that the Advertising Association of Ghana has...
The UN labour agency is predicting that more than 430 million enterprises in hard-hit sectors such as retail and manufacturing “risk serious disruption owing to the outbreak of the COVID-19 pandemic”.
For millions of workers, no income means no food, no security and no future. Millions of businesses around the...
Tomorrow is May Day, however, Secretary General of the Ghana Trades Union Congress (TUC), Dr Yaw Baah announced the cancelation of the 2020 May Day activities and celebration, citing the coronavirus pandemic as the reason.
Public gatherings are currently prohibited as measures to contain the spread of the deadly COVID-19...
