Despite inflation surging to double digits in April as a result of a spike in demand for food and other essentials in anticipation of the lockdown announcement, Databank Research says there is hope that the rate will come down due to government’s subsidy on utilities.
In late March and April,...
The Civil and Local Government Staff Association, Ghana (CLOGSAG) is making a case for government to push the Social Security and National Insurance Trust (SSNIT) to cut down its staff, reduce administration cost and realign its investment priorities to address issues of poor returns.
According to the Public Relations Officer...
Gov’t assures of no more lockdowns as economic impact could be catastrophic
Government, through the Ministry of Health, has given the strongest indication yet to underscore the global message that the novel Coronavirus (COVID-19) is here to stay and humans must learn new ways to live with it until...
…moves to help facilitate the submitting of annual returns
The Registrar-General’s Department (RGD) has approved the holding of Annual General Meetings (AGMs) virtually to aid companies wrap up the books and submit their annual returns to the department on schedule,
This move joins Ghana to a growing list of countries that...
Many are calling for a temporary moratorium on all debt repayments by developing and emerging economies, in order to prevent the COVID-19 pandemic from triggering a tsunami of sovereign defaults. Rather than waiting passively until debtors stop meeting their obligations, the argument goes, creditors would be better off agreeing...
• Global trade values fell 3% in the first quarter of 2020
• An estimated quarter-on-quarter decline of 27% is expected in the second quarter
• Commodity prices fell by a record 20% in March, driven by steep drops in oil prices
The coronavirus pandemic cut global trade values by 3% in...
Dr. Jerry Kombat Monfant, President of MBIC Group, believes that the current economic crisis facing the economy should not solely be attributed to the COVID-19 pandemic but also factors such as the heavy reliance on natural resources.
Although he admitted to the economic challenges brought about by the virus, he...
The panic buying and mad rush for food and alcoholic products has shot up the general prices of goods and services, as figures from the Ghana Statistical Services show inflation for April has entered double digits, first time since rebasing in August.
The 10.6 percent inflation for April, though is...
Maritime Authority seeks power to seize, destroy these boats
State losing revenue as environment gets polluted
With trading of illegal fuel on Ghana’s high seas increasing at an alarming rate, the Ghana Maritime Authority (GMA) has said it will soon acquire the power to seize and destroy the...