As the coronavirus pandemic sweeps through the world with its resulting impact threatening the survival of businesses, more and more companies operating in Ghana say they have no option than to jettison staff or, at best, cut their salaries in order to keep their businesses afloat.
With the local tourism...
The National Insurance Commission (NIC) in June last year announced new minimum capital requirements for players in the insurance space, as part of a broader plan to increase the sector’s financial stability and capacity to handle bigger risks or big ticket transactions.
The commission wants insurance companies to increase their...
There is the need for comprehensive and industry-specific policies to help revive the ailing cashew processing sector in the country, Patricio Lima Assis, Managing Director of USIBRAS Ghana Limited, subsidiary of a leading cashew nut processing firm with four units in Brazil, Africa and USA, has advocated.
He said the...
Tools, Tips, and Strategies
Seasons and times will compel many to chart unknown waters, others out of curiosity and necessity. Regardless of the trigger, having an online presence and brand has become a must-have in this age.
More so, the pandemic has propelled and created a sense of urgency to digitize.
Over...
The Ghana Microfinance Institutions Network (GHAMFIN) is working to set up a GH¢10million bailout fund to support its member, as the outbreak of COVID-19 has adversely impacted their bottom lines.
The action, according to Executive Director of GHAMFIN Yaw Gyamfi, is to help prevent any potential bankruptcy of any of its members...
Expected credit losses
Keeping employees safe
Cybersecurity issues, etc.
Banks should brace for substantial credit losses, increased cybersecurity challenges and increased cost in keeping employees safe as the novel coronavirus (COVID-19) continues to wreak havoc on all sectors of the economy, a report by PricewaterhouseCoopers (PwC) has said.
The report,...
The Chief Executive Officer (CEO) of Ghana Exim Bank, Lawrence Agyinsam, has said all efforts must be put into ensuring that consumption of locally manufactured goods becomes the norm post COVID-19.
According to him, local producers have guaranteed the survival of Ghanaians as the world has partially closed its borders -...
The Ghana Association of Bankers (GAB), as part of its GH¢10million COVID-19 interventions support programme committed toward emergency relief for the fight against the novel Coronavirus pandemic, has donated some food items and PPE to the vulnerable and some healthcare institutions in the country.
The Association, which is made up...
The president, Nana Addo Dankwa Akufo-Addo in his 9th address to the nation on COVID-19 stated that a total of 160,501 tests have been conducted.
“So, as at today, Sunday, 10th May, the country has conducted a total of 160,501 tests, with our total number of infections standing at 4,700,”...
This Africa Month, DStv and GOtv have announced the launch of The Africa We See campaign, a heart-warming celebration of the excellence and power of Africa, its people and the rich stories that come from the continent.
Now more than ever, Africans are shaping and owning their own narrative through...