As the coronavirus pandemic sweeps through the world with its resulting impact threatening the survival of businesses, more and more companies operating in Ghana say they have no option than to jettison staff or, at best, cut their salaries in order to keep their businesses afloat.
With the local tourism...
The National Insurance Commission (NIC) in June last year announced new minimum capital requirements for players in the insurance space, as part of a broader plan to increase the sector’s financial stability and capacity to handle bigger risks or big ticket transactions.
The commission wants insurance companies to increase their...
There is the need for comprehensive and industry-specific policies to help revive the ailing cashew processing sector in the country, Patricio Lima Assis, Managing Director of USIBRAS Ghana Limited, subsidiary of a leading cashew nut processing firm with four units in Brazil, Africa and USA, has advocated.
He said the...
set to charge fees on Instant Pay, MoMo interoperability & ACH Direct
waivers affecting GhIPSS’ sustainability
fees charge takes effect from May 23
The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has said it is unable to continue waiving the fees it charged on services including Mobile Money...
For a nation that is currently bleeding billions in Ghana cedis as a result of COVID-19, it is surprising that government is still pushing ahead with the complete rollout of Ghana Link Services’ Integrated Customs Management Systems (ICUMS), otherwise known as UNIPASS.
Since its piloting at the Takoradi Port, importers...
Digital transformation projects are taking shape across industries the world over. The recent Covid-19 pandemic may lead us to a lasting exponential growth in the provision of digital services through digitization (e.g. merely downloading forms online), digitalization (e.g. filling out forms online) and digital transformation (i.e. full-service delivery online).
The...
In a time like this where the whole world is in uproar, economies are crashing, businesses are shaking and diverse individual plans are getting cancelled, there is one thing that remains the same.
There is a particular group of people that are still depending on less than a dollar a...
All the six major transformers, procured by the Millennium Development Authority (MiDA) for the ongoing Pokuase Bulk Supply Point Project have arrived in Ghana, MiDA said in a statement on Monday.
The transformers, which come in two sizes, 145 MVA and 39 MVA, and which will support the operations of...
Start-ups that have performed well during the implementation of social distancing and lockdown measures might offer favourable opportunities to investors amid the uncertainty, while the changing investment environment is set to add impetus for greater collaboration and renewed risk evaluation.
Those who successfully ride out the storm look set to...