BUSINESS

Coronavirus: Banks deferred GH¢3bn in loan repayments

Commercial banks deferred a little over GH¢3bn in loan repayments for customers as they battled the effects of the COVID-19 pandemic, the Ghana Bankers Association has said. The Deputy Chief Executive of the Association, John Awuah, in remarks captured in the PwC 2020 Ghana Banking Survey report, said the banks …

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Hushpuppi’s trial to begin in October

Popular Instagram celebrity, Ramon Abbas popularly known as “Hushpuppi“ has been arraigned in a court in California, United States, ahead of his trial on October 13. Hushpuppi is accused of being the leader of a group that facilitates computer intrusion, business email compromise (BEC) fraud and money laundering pleaded not …

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Ghana secures US$115 million facility to digitise public records

A US$115m facility from the International Development Association, a subsidiary of the World Bank, that will part-finance the digitisation of archives and other public records to facilitate online searches has been approved by Parliament. The demand for digitisation in the development field has grown significantly over the last few years, …

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Tanzania bans organising protests online

Activists in Tanzania say new rules that restrict online content are infringing on people’s freedom of expression. Under the new legislation, organising, planning or even supporting any form of demonstration online is now illegal. The new rules have also banned sharing of information about an infectious disease outbreak without government …

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WHO urges mothers to breastfeed even if infected with Coronavirus

Mothers should breastfeed their babies even if they have contracted COVID-19, the World Health Organization’s head said on Monday, as the benefits outweigh the risks of infection. “WHO recommends that mothers with suspected or confirmed COVID-19 should be encouraged the same as all other mothers to initiate or continue breastfeeding,” …

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Coronavirus: Where is the support for businesses? – CEO asks

Chief Executive of the Private Enterprises Federation, Nana Osei Bonsu says government has not done enough to help lessen the impact of COVID-19 on private businesses. Nana Osei Bonsu who was speaking on the Townhall Talk Show on Asaase Radio99.5 argued that businesses in Ghana have not received adequate support …

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Tanzania’s ex-leader Mkapa to be buried in home town

Former Tanzanian President Benjamin William Mkapa will be buried later Wednesday at his home village in southern Tanzania. Mr Mkapa died of a cardiac arrest in the early hours of Friday, his family said. Some Tanzanians believe President Mkapa will be remembered as the founder of a modern Tanzania, because …

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US summons Zimbabwe ambassador to explain ‘thug’ slur

The US government has summoned Zimbabwe’s ambassador to explain comments made about its envoy by the country’s ruling party. A spokesperson of Zimbabwe’s ruling party, Zanu-PF, had on Monday accused the US of sponsoring anti-government protests in the country and called the US ambassador Brian Nichols a “thug”. The Assistant …

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How to spot and avoid mobile money fraudsters

Over a period, fraudsters and scammers have often used sophisticated means and tactics to exploit unsuspecting victims to get them to part with their hard-earned investments. These schemes, one of which is mobile money related, have taken different shades and caught the attention of the central bank; the Bank of …

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Over 2.28 million jobs created by PFJ in three years – Ofori-Atta

The implementation of government’s flagship ‘Planting for Food and Jobs’ (PFJ) has increased jobs creation by over 2.28 million in the agricultural value chain, between 2017 and 2019, Minister for Finance, Ken Ofori-Atta, has said. According to him, available data collated on the PFJ, based on “empirical estimation” from the …

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Ghana positions to become auto hub in AfCFTA era

Finance Minister Ken Ofori-Atta has announced the planned establishment of an Automobile Industry Development Centre to coordinate licensing of vehicle assemblers and manufacturers, and monitor their compliance with industry regulations. With the expected implementation of the African Continental Free Trade Area (AfCFTA) once the COVID-19 pandemic is brought under control, …

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Tunisia interior minister Mechichi named new PM: presidency

Hichem Mechichi, who until now has served as Tunisia’s interior minister, has been appointed to form the next government, the president’s office said Saturday. The 46-year-old lawyer succeeds Elyes Fakhfakh, who resigned earlier this month — but Mechichi was not one of the names proposed by the ruling political parties …

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Police arrest boyfriend after lover dies of stomach ache

The Lagos State Police Command has arrested a man, Amosu Funso, over the death of his girlfriend, Precious Udochi, in Ogombo, Ajah area of the state. Funso had gone to the Ogombo Police Division on July 18 to report that Udochi died after complaining of stomach pains and the police …

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Passion for purple revives ancient dye in Tunisia

A Tunisian man has pieced together bits of a local secret linked to ancient emperors: how to make a prized purple dye using the guts of a sea snail. “At the beginning, I didn’t know where to start,” said Mohamed Ghassen Nouira, who heads a consulting firm. “I would crush …

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GUTA calls off its nationwide demonstration

The Ghana Union of Traders Associations (GUTA) has called off their nationwide strike which was supposed to take effect Wednesday, July 29, 2020. President of the Association, Dr Obeng, explained that the cancellation of the exercise comes after the Trade Ministry met with the national executives to find a lasting …

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