BUSINESS

The Institute of Internal Auditors Ghana has called on Bank of Ghana and Telecom operators to consider reducing charges on mobile money transactions by at least 50%. This they believe will help minimize the spread of Coronavirus. The use of physical cash according to health professionals can contribute to the spread of Covid-19. Chairman of the Advocacy Committee of Internal ...

Finance Minister, Ken Ofori-Atta, has revealed that a total amount of US$8.98 million was used by the Bank of Ghana to print the new GH¢100 and GH¢200 notes. Addressing Parliament on Tuesday, 17th March 2020, he explained that the figure is made up of US$4.45 million and US$4.53 million for the two notes respectively. “Mr Speaker currency management falls within ...

This is against the previous 6.5% forecast for this year. However, 6.2% is still good for the country. According to ratings agency, Fitch, “We therefore expect real Gross Domestic Product to expand by 6.2% in 2020, down from 6.5% previously. In its analysis on the impact of the coronavirus on Sub Saharan economies, Fitch said “The sharp decline in global ...

The International Monetary Fund (IMF) has disclosed that it stands ready to offer $10 billion to low-income member states at zero interest rates to help them combat the novel coronavirus (COVID-19). The Fund said the move could provide about $50bn to emerging and developing economies, while up to $10billion could be made available to the IMF’s low-income members through its ...

The Harvard T.H. Chan School of Public Health has held its Inaugural Joseph Siaw Agyepong Distinguished Lecture on Public Health in Africa. This is in honour of the Founder and Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong for his initiatives, contributions to, and impact on the Public Health Sector in Ghana. The inaugural lecture was ...

President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng has stated that the outbreak of the global pandemic, coronavirus has exposed the deficiencies in the Ghanaian local manufacturing industry, adding that the country has been left badly exposed due to its reliance on other countries for essential goods and services. According to Dr Obeng, the deadly disease ...

The Chamber of Petroleum Consumers (COPEC) is urging fuel stations to make all the necessary arrangements to install self-serving or automated pumps across some service stations. This is to reduce the possibility of physical contact between the customer and attendants at the various stations within this coronavirus outbreak period. In a statement, COPEC said “We further encourage the use of ...

The Bank of Ghana (BoG) says it will continue to assess the possible impact of the CODVID-19 pandemic on the domestic economy and is, thus, taking the necessary steps to mitigate its impact, to ensure financial and economic stability. The Bank’s Monetary Policy Committee is scheduled to meet from Wednesday, 18 March 2020 to Friday, 20 March 2020. The Central ...

MTN group president and CEO Rob Shuter will step down at the end of his fixed four-year contract in March 2021, the company announced on Wednesday. “Under his leadership significant progress has been made, including establishing and effectively communicating a clear vision and strategy, driving the resolution of a number of complex matters and delivering significant improvements in transformation, operational ...

Per the calculations of the National Petroleum Authority (NPA) fuel prices are likely to go down by about 15% in the next pricing window which starts on 16 March, 2020, Hassan Tampuli, CEO of the NPA , has said. He has therefore called on all calling for a reduction in fuel prices to wait till the next windows starts. The ...