Young workers, the worst-paid and women will be most affected economically by the coronavirus, a study has found.
A "remarkable concentration" of those groups are employed in sectors that have shut down, the Institute for Fiscal Studies…
The culture secretary is to order social media companies to be more aggressive in their response to conspiracy theories linking 5G networks to the coronavirus pandemic.
Oliver Dowden plans to hold virtual meetings with representatives f…
Mr Muntaka Chasant, an entrepreneur in Airmasks and Textiles, has urged the Food and Drugs Authority (FDA) to test homemade nose masks to ensure their efficacy for protection against the COVID-19.
He said the local production of nose ma…
Parliament on Friday evening approved GHC6.370 billion to be issued from the Consolidated Fund, and granted authorisation for withdrawal from other funds to provide additional financing for Government operations during the 2019 Financial Y…
The National Lottery Authority (NLA) on Sunday said it will resume daily lotto draws for 5/90, VAG Lotto, Daywa 5/39 and Super 6 Games from Monday, April 6, 2020 as part of efforts to ensure business continuity.
A statement signed by M…
The Hohoe Municipal Assembly in the Volta Region has mobilized GH¢ 1,183,572.01 as Internally Generated Fund (IGF) for the year 2019.
The amount, which was raised out of the total projected figure of GH¢1,288,719, fell short of the 2018…
Mr Mohammed Adjei Sowah, the Accra Metropolitan Chief Executive (MCE), on Sunday appealed to the public to patronise the community markets for their foodstuff to prevent overcrowding at major markets in the Metropolis.
This would help m…
Market Performance
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Market Summary
The benchmark index tumbled 6.79 points (-0.31%), closing the week at 2,179.02 with a -3.46% year-to-date re…
The event features an impressive array of speakers, all giving their time free of charge to participate
Digital conference will unite the hospitality industry to combat the COVID-19 crisis
Over 3,000 hospitality industry prof…
Global management consultancy Arthur D. Little (ADL) today released first learnings from global CEOs in the telecoms, transport and utility industries who delivered critical infrastructure services in Asia and Italy during the early spread…
Zion believes that a practical mindset and local understanding is how African lawyers can make the difference in a very competitive industry
At 35, Zion Adeoye is the youngest Managing Partner at an African multi-national law firm. Appo…
Puma Energy Distribution Ghana Ltd.one of the leading Oil Marketing Companies (OMC) in Ghana has joined efforts with its retail business partners to extend a hand to fight the dreaded Covid-19 pandemic in collaboration with the Ministry of…
New car registrations for March saw a steeper fall than during the financial crisis, according to the motor industry.
Data from the Society for Motor Manufacturers and Traders (SMMT) show a drop of 44.4% compared with last year.
March …
President Nana Addo Dankwa Akufo-Addo has announced a soft loan scheme for micro, small and medium scale businesses.
The loan, a total of GH?600 million, will have a one year moratorium and two-year repayment period.
The scheme, th…
Telecommunication companies (telcos) in the country are not excited that many people are consuming more talk-time and data now than they used to, resulting in the recent upsurge in consumption figures.
The firms fear that the increase…
OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus…
Standard Chartered Bank Ghana Limited has announced a relief package for its clients across the Corporate, Commercial, Business, Priority and Personal Banking segments in the wake of the COVID-19 pandemic.
The bank in a statement copie…
Mr Richard Mongson, Birim Central Municipal Head of the Business Advisory Centre of the National Board for Small Scale Industries (NBSSI) has presented business development start-up kits to registered clients in Akim Oda in the Eastern Reg…
International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic.
Carriers incl…
I daresay that the national precautionary directives over the last two weeks have caused many of us to restrict our movement, limit our social interactions and reassess our priorities in general, and I am sure that, following the Preside…
GOIL Company Limited on Thursday announced its COVID-19 operational schedules in conformity with World Health Organisation and National Health Protocols towards the prevention and spread of the coronavirus in the country.
As part of the…
The Bank of Ghana (BoG) has extended the deadline for meeting the minimum capital requirements for the banking and specialised deposit-taking institutions, as well as payment service providers and electronic money issuers.
The BoG in …
The world economy is driven by private sector businesses. They employ most of the world’s population and provide livelihood for families.
According to the International Monetary Fund (IMF), the private sector accounts for over 60 per …
The National Petroleum Authority (NPA) on Thursday said the newly introduced levy or Cylinder Recovery Margin is to support stakeholders in the supply chain ahead of the implementation of the cylinder Recirculation Model (CRM).
A statem…
Market Summary
The benchmark index closed 26.66 points (-1.23%) lower due to downward price movements in three banking and telecom stocks to close at 2,132.72 with a -5.51% year-to-date return while market capitalization stayed at GH¢…
African Development Bank Group approves Gender Equality Trust Fund and Risk-Sharing Mechanism to improve women’s economic empowerment in Africa
The Board of Directors of the African Development Bank Group have approved a new Gende…
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ADDIS ABABA, Ethiopia, April 3, 2020/APO Group/ --
African Union Member States (50) reporting COVID-19 cases (7,028), deaths (284), and recoveries (561) b…
African Development Bank celebrates milestone with first social bond listing on London Stock Exchange
Record-breaking $3 billion Fight Covid-19 social bond launches on LSE: a first for the Bank
The African Development Bank’s (AfDB.or…
The economy’s recent descent into recession has piled pressure on the government to throw a lifeline to businesses constrained by Eskom’s load shedding. Moody’s has forecast GDP growth of 0.7% in 2020, down from a previous forecast of 1.5%…
The number of Americans seeking unemployment benefits has hit a record high for the second week in a row as the economic toll tied to the coronavirus intensifies.
More than 6.6 million people filed jobless claims in the week ended 28 Ma…
The apex body of Women in the Poultry Value Chain (WIPVaC- APEX) has started a series of initiatives aimed at promoting sustainable development of poultry in the country.
The initiatives include mentoring and coaching of some youth, e…
A quick walk down any deserted high street or a video chat with friends and family is a reminder that currently it is anything but business as normal.
But for the first time the UK's official number-crunchers, the Office for National St…
With a potential GH¢30.2 billion fiscal deficit by the end of this year due to the COVID-19 crisis, the government is boldly responding with a raft of fiscal measures to reduce it to GH¢26.3 billion.
The proposed target, which represe…
The Ghana Chamber of Telecommunications (GCT) has issued these recommendations for the fair, responsible and rational use of telecommunications networks and the internet, during this period of the coronavirus crisis.
The industry’s ini…
In support of government’s efforts to stem the spread of coronavirus, telecom operator AirtelTigo has donated 200 pieces of veronica buckets to the Ministry of Health for distribution to public hospitals across the country.
Presenting …
On Monday 30 March 2020, an Emirates SkyCargo flight carrying close to 500,000 Covid-19 testing kits landed at Sao Paulo airport in Brazil. The kits were moved from Guangzhou via Dubai by the air cargo carrier on the first of two such flig…
Globalisation has been one of the buzzwords of the past 25 years.
It may seem a rather strange concept, since any economic historian will tell you that people have been trading across vast distances for centuries, if not millennia.
Y…
Signs that Saudi Arabia and Russia may end an oil feud sent prices up more than 20% on Wednesday, the biggest one-day leap on record.
US President Donald Trump said he expected the two sides to cut supply, while Saudi Arabia called for …
The Chief Executive Officer of one of the country’s finest finance houses, Dalex Finance, Mr Ken Thompson, has urged the government to use finance houses, savings and loans, and micro finance companies in good standing to disburse the s…
Aker Energy and license partners have taken the decision to postpone the development of the Pecan field in the Deepwater Tano Cape Three Points block offshore Ghana due to global disruptions caused by the Covid-19 pandemic.
Aker Energy …
MTN Ghana today announced the temporary revision of its Service center operations as a result of the Covid-19 virus pandemic. This includes the temporary closing down of some of its branches till further notice to help stem the spread of …
A PIONEERING company which solves some of the world’s most challenging problems is helping the UK economy fight back from COVID-19 by launching a new spin-out business this week.
Despite the impact of the coronavirus outbreak meaning ma…
African Development Bank approves $1.5 million emergency grant to curb desert locusts ravaging East and Horn of Africa
The Board of Directors of the African Development Bank on Wednesday approved a $1.5 million emergency relief grant to…
Market Summary
The benchmark index inched 0.23 points (-0.01%) lower due to Fan Milk to close at 2,159.38 with a -4.33% year-to-date return while market capitalization stayed at GH¢55.98 billion.
The GSE Financial Index recorded no…
This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors
The African Development Bank (AfDB.org) received on 30 March 2020 an award…
In Sotheby’s First-Ever Online-Only Auction for this Category; With World Auction Records for 5 Artists, including Bertina Lopes and Samuel Fosso
Total: Newly converted to an online-only format, Sotheby’s sixth sale of Modern & Contempo…
Business Secretary Alok Sharma has issued a stark warning to banks, after concerns that up to a million companies could fold because they could be denied emergency loans.
"It would be completely unacceptable if any banks were unfairly r…
British Airways is expected to announce it will suspend around 36,000 staff.
The airline, which grounded much of its fleet due to the coronavirus crisis, has been negotiating with the Unite union for more than a week.
The two sides h…
Ghana’s first wine café, Sai Wine and Champagne Café has announced that it will be moving to a new location in Nyaniba Estates.
Established in 2015 and after four years of introducing a new lifestyle and culture to Ghanaians which inclu…
In response to the Coronavirus (COVID-19) pandemic, Prudential Life Insurance Ghana has introduced a free package to cover its customers.
Known as the Pru Covered-19, the fund is to support new and existing customers of the company.
…
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