The COVID-19 pandemic has taught Ghanaians many things, and among them is to plan for crisis situations.
A survey conducted by the Ghana National Chamber of Commerce and Industry (GNCCI) has revealed that companies which have Business Continuity Plans in place do so mainly to satisfy regulatory directives, rather than...
Government’s monetary policy interventions aimed at easing the negative effects of coronavirus on the economy seems risky and might become a liquidity trap because of weak investor sentiment and a slowdown in economic activity, Dr. Jerry Kombat Monfant - a global strategist and economic consultant, has warned.
The Bank of...
BOG MAY 2020 MPC STATEMENT
Reversal Of Bog’s Stance
On Deficit-Financing
During the decade-long Global Financial and other crisis from 2008, BOG did not apply any of its fiscal powers under the Act 612. On the contrary, the BOG and IMF curtailed access to Banks funding under Act 612 during Phase...
It’s easy to find fault with the United States’ COVID-19 response or, to be more accurate, the woeful lack thereof. Denial, delays, political infighting, and systemic failures have resulted in more than 100,000 US deaths and deepened the social and economic crisis. Over 40 million workers – one in...
When the African Continental Free Trade Area (AfCFTA) Agreement was launched on 21 March 2018, African leaders did not imagine that the tenets of the agreement could possibly save the continent from a pandemic-fueled food and economic crisis. The world has been grappling with the crippling economic effects of...
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...
The days of spending long hours in the office are gradually becoming a thing of the past. Today, businesses can be run online and offline no matter your location, thanks to the internet. Working from home or remote work is often practiced by companies that lack physical offices, offer...
The COVID-19 crisis is affecting the entire global economy and that of Ghana. Some key sectors of the Ghanaian economy are already experiencing a slowdown as a result of the pandemic. Tourism, air transport, and the oil sector as well as the formal and informal private sectors of the economy are...
Numerous enactments have been in existence to regulate health and safety of Ghanaians. Ghana has ratified International Convention No. 155 on health and safety at the workplace.
Labour Act, 2003 (ACT 651), Workmen’s Compensation Law 1987, Factories, shops and office Act, 1970, Ghana National Fire Service Act 1992, ACT 537,...
