Zambia’s debt crisis worsens

Zambia’s debt situation seems to be deepening with some commercial creditors “refusing” to grant it some relief it has been seeking to ease the pressure, the country’s Parliament heard late Thursday. “Although we have obtained some relief under the debt service suspension initiative (DSSI) window, particularly from official creditors, engagements …

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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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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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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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