BUSINESS

By:brightwebtv.com/nana asare barimah John Dramani Mahama, former president of Ghana Former President John Dramani Mahama has noted that Ghanaians are paying more for internet service in the wake of COVID-19 outbreak because the government has failed to negotiate with the telecom companies. Mr Mahama in a statement on Wednesday April …

By:brightwebtv.com/nana asare barimah IMF The International Monetary Fund (IMF) has revised Ghana’s economic growth rate for this year from 7.5% of Gross Domestic Product to 1.5%. This is due to the COVID-19 pandemic which has ravaged the global economy. It is, however, projecting a 5.9% GDP growth rate next year …

by;brightwebtv/nana asare barimah The announcement by the IMF Executive Board that US$1Billion loan under the RCF has been approved for Ghana is good news. However, this does not take away the fiscal, growth, debt management and international reserve realities for Ghana. The IMF as an international financial institution has provided …

By:brightwebtv.com/nana asare barimah IMF Chief Kristalina Georgieva The Executive Board of the International Monetary Fund (IMF) on Monday, April 13, 2020, approved the disbursement of SDR 738 million (about US$1 billion) to be drawn under the Rapid Credit Facility (RCF) by the government of Ghana. It will help address the …

By:brightwebtv.com/nana asare barimah Meat There’s been a spike in coronavirus cases at meat plants in the U.S., with hundreds of reported infections in just the last week. That’s adding to questions over the fragility of the food-supply chain and raising concerns over worker safety. As many as 50 people at …

  by;brightwebtv/nana asare barimah The Kumasi Central Market, West Africa’s largest open-air market, has been closed down with immediate effect. This follows concerns raised by the city authorities over the conduct of traders in the wake of the Covid-19 pandemic. “After a lengthy deliberation on the effects of the actions …

  by;brightwebtv/nana asare barimah File photo Hungry residents of Lagos state allegedly raided the office of the chairman of a local government around the Abule Egba area of the state, carting away relief materials. A Facebook user, who shared a video from the scene wrote, ”Oke Odo LCDA, Opposite Jubilee …

By:brightwebtv.com/nana asare barimah The Kumasi Metropolitan Security Council (METSEC) has ordered an interim closure of the Kumasi Central Market. The order which takes effects today, Tuesday, April 7, follows reports that traders have been “blatantly disregarding the WHO’s social distancing protocols in the wake of the Coronavirus pandemic“. The decision was reached …

By:brightwebtv.com/nana asare barimah Ken Ofori-Atta Finance Minister Ken Ofori-Atta says the US$100 million fund to fight the COVID-19 pandemic has been received and is available for disbursement in accordance with the public financial management procedures and rules. “Contrary to views of some sceptics that the money is not available, I …

By:brightwebtv.com/nana asare barimah The Chief Executive Officer of Ghana Tourism Authority has issued new directives to hotels, restaurants, pubs and drinking bars in some areas in the partial lockdown areas. Akwasi Agyemang said all hotels can operate as normal and host their guests during the 14 days the Greater Accra …