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...
The Peasant Farmers Association of Ghana (PFAG), a Farmer Based Organisation, has begun building the capacity of selected Agric Extension Officers across the country to understand the World Health Organisation (WHO) COVID-19 Safety Protocols and adopt the knowledge acquired for the purpose of educating farmers.
Amid COVID-19, the training is...
For Ghana to achieve the dream of a cashless economy, government must take the lead in deploying digital options for others such as private businesses and individuals to follow, digital experts have said.
Dario Bianchi, Digital Services Consultant-MTN Ghana, said operating a cashless or contactless economy post COVID-19 is attainable;...
Insurance group, Hollard Ghana, in support of the fight against spread of COVID-19, has donated hundreds of Personal Protection Equipment (PPE) to the Kamina Barracks Hospital, Northern Electricity Distribution Company Ltd. (NEDCo), Regional office of the Ghana Education Service, staff and management of Tamale Airport, and Tamale-Bolgatanga Transport Union,...
SIC Insurance Company Limited has handed over Personal Protective Equipment (PPE) valued at GH¢50,000 to the COVID-19 Trust Fund to support government’s fight against the pandemic.
The PPEs included disposable nose masks, protective coveralls, goggles, gum-boots, hand sanitiser gel, rubbing alcohol, gloves and disposable surgical caps. The company said the donation is...
Companies prefer to satisfy regulators, not save themselves
No stress-testing of plans to see their effectiveness
Companies in the country that have Business Continuity Plans in place have those plans to satisfy regulatory directives, not to actually save themselves in times of crisis such as COVID-19, a survey...
Environmentally friendly refrigerators and air conditioners will soon become widely accessible in Ghana. This will be made possible through the Green On-wage (GO) financial mechanism implemented under the ECOWAS Refrigerators and Air Conditioners program in collaboration with Ecobank Ghana.
The ECOWAS Refrigerators and Air Conditioners Initiative (ECOFRIDGES) is a joint...
The National Petroleum Authority (NPA) has said that per its calculations, the directive to Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum products from 3 pesewas to 6 pesewas effective June 1 will not increase the cost of petroleum products beyond 0.5...
The Minister of Railways Development, Joe Ghartey, has disclosed that the 97km eastern route rail line from Tema to Mpakadan is 60% complete.
The percentage of completion, according to him, is based on the interim payment certificates which have been passed by consultants of the project. “They have passed 24...