EXIM Bank Ghana is collaborating with Entrance Pharmaceuticals and Research Centre, a member of the Tobinco Group of Companies, to produce hydroxychloroquine and azithromycin locally for the management of COVID-19 cases. The bank said it was ready to advance a $5 million facility to the company for the production of the drugs locally. COVID-19 patients […]
Category: Business
May Day 2020: McDan salutes Ghanaian workers; gives special mention to frontline health workers
The Chairman and Chief Executive Officer of the McDan Group of Companies, Dr. Daniel McKorley has saluted Ghanaian workers on the occasion of International Workers’ Day, which falls on the 1st of May every year. The Business Mogul in a message posted on his Facebook Page and sighted by BestNewsGH.com, emphasized the crucial role being […]
Zoom shares drop 6% as Facebook rolls out free video calls for up to 50 people
Zoom shares closed 6% lower Friday after Facebook announced it was rolling out new video chatting features. Some investors particularly view Facebook’s new Messenger Room, which allows users to host video calls of up to 50 people, as a threat to Zoom. Zoom has been on a tear since stay-at-home mandates were implemented to slow the Covid-19 pandemic. Zoom CEO […]
COVID-19: MAC Ghana donates 10 Chevrolet Cobalt’s to the Covid-19 Fund
MAC Ghana, distributors of GM and Isuzu vehicles in Ghana, has donated 10 Chevrolet Cobalt’s to the Covid-19 National Trust Fund to aid in the fight against the pandemic. Making the presentation on behalf of MAC Ghana, Maneesh Raseen, Head of Sales and Marketing said that the group has been moved and motivated by the […]
Selorm Adadevoh adjudged best CEO in MTN Group
The Chief Executive Officer (CEO) of MTN Ghana, Selorm Adadevoh has been adjudged the CEO of the year 2019 within MTN Group, as voted for by the company’s senior leadership. He shares the award with the CEO of MTN Benin, Stephen Blewett. This was announced at the Group’s first digital Quarterly Review hosted by the Group CEO, Rob Shuter, involving […]
Emirates becomes first airline to conduct on-site rapid Covid-19 tests for passengers
Emirates in coordination with Dubai Health Authority (DHA) will be introducing additional precautions. Passengers on today’s flight to Tunisia were all tested for COVID-19 before departing from Dubai. Emirates is the first airline to conduct on-site rapid COVID-19 tests for passengers. The quick blood test was conducted by the Dubai Health Authority (DHA) and results […]
NLA officially takes over *959# Short Code
The National Lottery Authority has officially taken over the *959# Short Code specifically for the operations of its flagship product, the Original 5/90 lotto. The *959# was previously managed by Keed Ghana Limited, one of the collaborators of the Authority responsible for the operations of LUCKY 3. A statement announcing the official takeover and sighted […]
NLA’s official Short Code *890# robust, unmatched
The National Lottery Authority says its newly outdoored official Short Code for playing Lotto games in the country *890# is absolutely robust and unmatched. According to a statement from the Public Relations Unit of the Authority and sighted by BestNewsGH.com, the Short Code remains the safest and legal platform to play NLA 5/90 and VAG […]
COVID-19: Government’s 50% absorption of electricity bills to cost GHC1 billion
The government’s free electricity intervention as part of measures to minimize the economic and social impacts of the coronavirus pandemic is estimated to cost the nation GHC1 billion for the three months. This was revealed by the Minister for Energy, John Peter Amewu during the Ministry of Information’s routine Press Conferences on COVID-19 on Thursday, […]
COVID-19: IMF Executive Board approves immediate debt relief for 25 Countries
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) issued the following statement: “Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help […]
COVID-19: Diamond Cement donates 100k cash and 150k worth of cement to National Trust Fund
Cement manufacturing Company, Diamond Cement Group has presented a cash cheque of GH₵100,000 to the Covid-19 National Trust Fund to support government’s effort in curbing the spread of coronavirus. In addition the Group earlier donated a total of 250 tonnes of cement worth GH₵150,000 towards the rehabilitation of isolation centres across the country. The donation […]
COVID-19: IMF approves US$1 billion loan to Ghana to aid fight
The International Monetary Fund (IMF) has approved the disbursement of US$1 billion to Ghana to be drawn under the Rapid Credit Facility (RCF). The money is to help Ghana address the “fiscal and balance of payments needs” and also help the country to improve confidence in its economy especially in the wake of the COVID-19 […]