After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic.
The local currency was on top of its game...
Consumers will soon have to pay more than the current average pump price of GH¢4.01 per litre for fuel, the Institute of Energy Security (IES) has predicted, citing a surge in prices on the international market.
The energy think-tank believes that the national average price of Gh¢4.01 per litre for...
• Global coordination needed to ensure new measures are driven by data and evidence
Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence...
This morning I heard on radio a comment that I thought was quite profound – The thrust of the comment was that we may calculate in billions, economic losses due to COVID-19, but what we cannot calculate accurately is the social cost, the loss of mobility, interactivity with loved...
The Coronavirus Pandemic currently ravaging the world presents an opportunity to reset the African continent so that Africans can be empowered to become more productive and self-reliant, Tony Elumelu, Chairman of the United Bank for Africa (UBA) Plc, has stated
Mr Elumelu stated this at the high-level roundtable discussions made up of African...
US president Donald Trump continued his funding threats to the World Health Organization, WHO; with a May 18 letter that threatened outright withdrawal of the US from the organization.
The four-paged letter addressed to the WHO Director-General, Tedros Adhanom Ghebreyesus said that the body had 30-days to undertake needed reforms. “I will make my temporary freeze of United States funding...
The Ghana Education Service (GES), has called on national teachers’ associations such as the National Association of Graduate Teachers (NAGRAT) and Ghana National Association of Teachers (GNAT) for inputs on the strategies to adopt to ensure smooth re-opening of schools.
Director-General of GES, Prof. Kwasi Opoku-Amankwa - in a statement...
…following BoG’s earlier policy rate cut
After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline in April after the Bank of Ghana reduced the monetary policy rate the month before.
The Summary of Economic and Financial...
The Minister of Communication, Republic of Madagascar - Lalatiana Andriamanarivo, has stated that 37 African countries have so far requested Madagascar’s COVID-19 Organics (CVO) remedy for prevention and treatment of coronavirus and been supplied.
According to her, even though ECOWAS as a body has not issued an official statement to...
Government has announced that its indebtedness to the Electricity Company of Ghana (ECG) amounting to some GH¢2.6 billion has been settled, and also revealed a credit balance of GH¢500million. The move is part of efforts to guarantee viability of the power distributor and ensure it has enough funds to...