The usual energy and bustle that one can witness at the Tema Port Transit Terminal has been downed by the coronavirus pandemic, which seems to be pulling the brakes on the haulage business.
The Economic Commission for Africa (ECA) has estimated that a full one-month lockdown across Africa would cost the continent about 2.5 percent of its annual Gross Domestic Product (GDP), equivalent to about US$65.7bn per month.
The first commerce under an Africa-wide free-trade pact will provide new stimulus to countries on the continent to overcome the economic damage of the coronavirus, even if it could be delayed for around six months, according to the most senior official of this agreement.
The West African Gas Pipeline Company Limited (WAPCo), operator of the West African Gas Pipeline (WAGP), has announced that it will undertake a coordinated and planned 10-hour shutdown of its Tema Regulating and Metering Station (RMS) to complete outstanding works under the Takoradi Tema Interconnection Project (TTIP).
President of the Ghana Employers Association Alex Frimpong says employers must balance the quest to sustain the business with the survival of their employees.
MTN recorded profit after tax of about 350 million cedis for the first three months of 2020; representing 62 percent growth over the 2019 figure of 215 million cedis.
The Bank of Ghana, BoG says it has put in place five major measures that will help mitigate the impact of the Covid-19 pandemic on the financial sector.