Today's Ghana Business, Banking and Economic news

The Ghana Statistical Service is projecting that inflation rate will be slowing down in the coming months.

Federal Reserve chair Jerome Powell has warned that America faces a slow and painful economic recovery without additional government relief.

The Ghana Tourism Authority has directed drinking bar operators to begin business but should ensure customers observe strict social distancing protocols.

Finance Minister, Ken Ofori-Atta has explained why Ghana could not go beyond 3-weeks of Covid-19 partial lockdown in Accra, Kasoa, Tema and Kumasi.

 

A cross section of Ghanaians have raised concerns about the decision of the Ghana Interbank Payment Systems, GhIPSS to resume charges on some financial transactions.

The Ghana Revenue Authority, GRA has rolled out some tax incentives to help cushion businesses during this Covid-19 period.

India has announced a 20 trillion rupee ($264bn; £216bn) economic package to help the country cope with its prolonged coronavirus lockdown.

The technical committee for the Eco will soon publish a report on how best the new currency can be implemented.

Ghana Interbank Payment and Settlement Systems, GhIPSS has directed financial institutions to resume charges on some transactions in the country.

The Receiver for GN Savings and Loans Company has been asked to by May 21 to file a response to the suit challenging the revocation of the license of the GN Savings and Loans Company.

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.

Colombia's national airline, Avianca, has filed for bankruptcy protection in a US court.

The Finance Ministry has reacted to statements made by fact-check Ghana about sharing different macroeconomic data with IMF.

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.