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Kempinski denies layoff reports

Kempinski Hotel Gold Coast City Accra has dismissed reports that it is planning to lay off 85% of its employees amid the coronavirus pandemic. Following the suspension of some employees of hotels, particularly contract workers, reports indicated that the 5-star hotel was going to sack majority of its employees because business has drastically gone down. […]Read More
Business World

Creativity! Engineers turn snorkelling masks into respirators to fight Covid-19

 Moroccan engineers have said they will convert Decathlon snorkelling masks into respirators to assist those infected by the novel coronavirus, reports online news publication the North Africa Post. A group of engineers made the announcement via a Facebook post on Wednesday. Since the outbreak of Covid-19, Morocco has ordered 550 ventilators to be distributed as […]Read More
Business

Cut down ‘over bloated’ gov’t – Steve Manteaw offers alternative to Heritage Fund

An outspoken expert on revenue management in the extractive sector has joined the many voices kicking against government’s plan to draw from the Heritage Fund to mitigate the economic impact of the coronavirus pandemic. Dr Steve Manteaw, currently a co-chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), said although government is faced with a […]Read More
Business

Fuel to go down 24%

The Institute for Energy Security (IES) is forecasting between 16 and 24% drop in the price 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 the price of Brent crude, coupled with the considerable drop in the prices of petrol (51.29%) […]Read More
Business

Effect of Covid-19 on Ghana’s Economy grim but… – Finance Minister

Finance Minister Ken Ofori-Atta says the impact of the ravaging coronavirus pandemic on Ghana’s economy looks grim, however bold measures must be taken for desired mitigation. While updating Parliament Monday on the potential economic impact of the coronavirus on the economy and the measures government is taking to mitigate the impact, Ken Ofori-Atta said “preliminary […]Read More