Governments and policy makers must focus on saving lives and economies at all cost without regard to Debt to GDP ratios. We are in a very difficult time globally. The world is faced with a serious pandemic that’s ravaging all economies. World economic giants are all scrambling to stop...
The Ghana Employers’ Association (GEA) has called on government to expedite work on the complete Economic Response Strategy to help industry adjust their operations and stay in business amidst COVID-19 economic challenges.
This was entailed in the Press Statement from the Association to to mark this year’s Worker’s Day celebration.
The...
Consumers of petrol and diesel should expect a further drop in price at the pump as the price of crude on the world market continue to fall, the Institute for Energy Security, predicts.
In its May, 2020 pricing window forecast, IES notes that going by the 13.05 percent reduction in...
The dramatic slowdown in industrial production, energy demand and transport activity in the first quarter of 2020 has led to significantly lower levels of air pollution, sparking debate on whether the coronavirus outbreak will lead to long-term shifts in consumer and industrial behaviours that could reorient economic policy towards sustainable...
A new banking sector report (March 2020) published by the Bank of Ghana has shown that more than half of banks’ deposits mobilised between February 2019 and February 2020 went into loans, an indication that banks are living up to their mandate of supporting the private sector with access...
Estimates suggest that between 40-70 per cent of the world’s population could become infected with the COVID-19 pandemic. The crisis has already transformed into an economic and labour market shock, impacting not only supply (production of goods and services) but also demand (consumption and investment).
All businesses, regardless of size,...
The Ghana Employers’ Association (GEA) has petitioned the Minister of Finance to establish an Emergency Fund from which businesses can access working capital, pay salaries and purchase raw materials for production as COVID-19 continues to bite hard.
The petition was drafted by the association after deliberations among its members on...
Without Asia’s buyers due to the Coronavirus pandemic, local cashew farmers and dealers say they are left with no option but to sell their raw nuts at giveaway prices.
The cash crop has been a supreme contributor to the country’s Non-traditional Exports (NTEs) earnings over the years, topping the list...
The decision to involve Rural and Community Banks in the distribution of funds from the COVID-19 stimulus package to businesses is both proper and timely. Together with the EXIM Bank and other commercial banks, the RCBs will ensure the stimulus package reaches all potential SMEs earmarked to receive the...
Stuck at home because of the lockdown, 25-year-old Ugandan Richard Kabanda is worried about feeding his family.
The motorbike taxi driver, who used to earn about $2 (£1.60) a day, has had no work since the government banned public transport last month as part of measures to slow the spread...