Friday , October 30 2020

Business

University of Ghana scientists make breakthrough into tracking of COVID-19 virus

Scientists at the Noguchi Memorial Institute for Medical Research and the West African Centre for Cell Biology of Infectious Pathogens both at the University of Ghana have obtained information about the virus responsible for the COVID-19 pandemic that has affected many countries globally. A communiqué from the Public Affairs Directorate …

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Finance Minister gets approval for ¢1.2b to fund Coronavirus Alleviation Programme

Finance Minister

The Finance Committee of Parliament has approved an amount of ¢1.2 billion for government to access money from the Contingency Fund to finance the Coronavirus Alleviation Programme (CAP). The Finance Minister, Ken Ofori Atta on Wednesday, presented to Parliament, the policy document on CAP, seeking approval to spend ¢1.2 billion. This …

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GH¢8.75 million accrued in COVID-19 Trust Fund – Akufo Addo

Prez

The COVID-19 Trust Fund created by the President, Nana Addo Dankwa Akufo-Addo has so far generated GH¢8.75 million largely from public donations. According to the President, funds from the donations also include an amount of US$600,000. “I am very grateful to the individuals and institutions, who have responded to my appeal for …

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Prices soar amidst profiteering by market traders

As the number of confirmed coronavirus cases in Ghana rises by the day, traders in personal protection equipment and consumables such as face masks, hand sanitisers, liquid soaps and even tissues, have consistently been gouging prices of such goods on the market. This phenomenon has been posing great challenges and …

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Fuel prices to go down 24%

The Institute for Energy Security (IES) is forecasting between 16 and 24% drop in prices of fuel on the local market in the first Pricing-window for April 2020. This is due to the significant fall of 33.36% in price of Brent crude, coupled with the considerable drop in the prices …

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No charges on mobile money transfers up to GH¢100 from Friday

The Bank of Ghana has announced that effective Friday, March 20, mobile money transactions below GH₵100 will attract no charges. This forms part of an agreement between the central bank and the mobile network operators to promote the use of digital platforms for payments, following the deadly coronavirus outbreak. This, …

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Customers of defunct fund managers to receive payments after verification – SEC

Customers of collapsed fund management companies can have a sigh of relief as the Securities and Exchange Commission(SEC) has assured them access to their funds after a successful validation of their claims. The commission’s reaction follows fresh concerns over its quiet posture after revoking the licenses of some 53 fund …

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Receiver of defunct financial institutions credits accounts of 800 depositors with ¢200m

The Receiver of the defunct financial institutions has so far credited ¢200 million into accounts of 800 depositors of the Consolidated Bank Ghana (CBG). JoyBusiness is learning that the Receiver commenced payment of the component of the depositor’s funds Monday night. This has resulted in corresponding SMS messages sent to …

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Bloomberg reports: Mahama pins election bid on economy he struggled to grow

mahama-at-ndc-campaign

Every time a region of the world goes from being poor to being rich one country tends to be responsible for getting the process started. In Europe that was the U.K., which was the first to industrialize. In East Asia it was Japan. In West Africa it could be Ghana. …

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Government completes $1bn payment for all Bulk Oil Distributors Legacy Debts

The Ghana Chamber of Bulk Oil Distributors (CBOD) has disclosed that government on January 13, 2020, finalised all payments in respect of the BDC legacy debts. The debts were accrued over from July 2011 to June 2015 with interest capped in March 2018. According to Senyo Hosi, who is the CEO of the …

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