Today's Ghana Business, Banking and Economic news

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).

The Bank of England has warned that the coronavirus pandemic will push the UK economy towards its deepest recession on record.

The long-awaited First National Bank Ghana (FNB) takeover of GHL Bank has now been completed.

The US has said it wants to borrow a record $3tn (£2.4tn) in the second quarter, as coronavirus-related rescue packages blow up the budget.

A vice president at Amazon has quit "in dismay" at the internet giant's crackdown against workers who criticised it over coronavirus safety measures.

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.

Minister for Aviation, Kofi Adda has hinted that domestic airlines in the country will resume operations this weekend.

Ghana Institute of Freight Forwarders says the delay in resolving the issues associated with the UNIPASS will lead to revenue loss.

Kojo Oppong Nkrumah, the Minister of Information has blamed the financial modules for health projects under the Mahama administration which are still uncompleted.

The COVID-19 pandemic which originated in Wuhan, China, and has spread across the world over the past few months has affected perhaps every sphere of human existence currently.

The Ministry of Tourism, Arts and Culture, Barbara Oteng-Gyasi has assured the tourism and hospitality sector of government's support post-Covid-19.

Ghana’s informal sector recorded a growth of 5.9% in 2019; which is the second-highest following the rebasing of the economy.

Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group struggles to stay afloat because of the coronavirus outbreak.