COVID-19’s global economic fallout is widely acknowledged and least developed countries (LDCs) have limited capacity and preparedness to handle the economic fallout of the COVID-19 crisis, which means they will most likely face significant hardships.
Initial estimates suggest that these disruptions could potentially contribute to increased global poverty, with the...
The Ghana Cocoa Board (COCOBOD) has taken delivery of a set of items from a stakeholder in the cocoa sector in support of the fight against COVID-19, particularly in cocoa-growing communities in the country.
Barry Callebaut, a cocoa processing company located at Tema in the Greater Accra Region, has presented...
Samsung brings new, innovative features found on its flagship Galaxy S20 series to the Galaxy S10 and Galaxy Note10 series through a software update starting from March. Users will be able to capture content with the latest Galaxy camera software technology, including Single Take mode. Additionally, users will have...
The Alliance to End Plastic Waste (the Alliance) has announced a partnership with the ASASE Foundation to support women entrepreneurs working to reduce plastic litter in the community. The initiative called Closing the Loop uses a circular economy model, to enable local communities to benefit from discarded plastic waste...
President Ramaphosa expressed appreciation for the Bank’s commitment of $26 million for the African Centers for Disease Control and Prevention
South Africa’s President and African Union chairperson Cyril Ramaphosa and the Nobel peace laureate and former Liberian President Ellen Johnson Sirleaf have commended Akinwumi Adesina, President of the African Development...
Severe falls in output and new orders
Rate of job cuts remains sharp
Input costs and output prices fall further
The economic downturn in Ghana as a result of the coronavirus disease 2019 (COVID-19) pandemic intensified in April, with declines in output, new orders and purchasing activity much steeper...
Olam Grains, producers of the popular First Choice and Royal Gold wheat flour brands have teamed up with prominent bakeries in Accra, Kumasi and Tamale to provide Ghc 70,000 worth of freshly baked bread to frontline health workers and patients.
The month-long initiative, launched on April 1, started with the...
…as it records lowest share of GDP in 6yrs
The country’s largest employer and livelihood for many, the informal sector, has seen its lowest contribution to the economy since 2014, despite recording growth rate which more than doubled the 2018 figure.
Data from the Ghana Statistical Service (GSS) indicates the sector...
The second tier of the country’s pension scheme is better placed to make relief payments to workers affected by the novel coronavirus (COVID-19), rather than from the Social Security and National Insurance Trust (SSNIT), an analysis of the pensions scheme, has shown.
With the National Pensions Act making the Tier...
Amenfiman Rural Bank Limited at Wasa Akropong in the Wasa Amenfi East District in the Western Region has put together some relief interventions to cushion clients to ease the financial difficulties in this era of COVID 19.
The CEO of the Bank, Dr Alex Asmah, in an interview with Business...