THE POST
  • Home
  • News
    • All
    • Business
    • General News
    • Odd News
    • Politics
    • Science
    • World
    Pregnant JHS student killed, head cut off

    Level 100 student at UEW allegedly commits suicide after betrayal by partner

    Former 3-time NPP parliamentary candidate resigns from party over maltreatment

    Former 3-time NPP parliamentary candidate resigns from party over maltreatment

    Pregnant JHS student killed, head cut off

    Adukrom: Boy, 15, murdered after intervening in GHC10 fight

    Ghanaians are suffering due to Nana Addo’s mismanagement, not Covid – Ato Forson

    Tariff hike part of IMF conditionalities – Ato Forson

    All small-scale mining licences no longer valid – GoldBod

    All small-scale mining licences no longer valid – GoldBod

    20 pupils hospitalised in Prampram after taking “Asana”

    20 pupils hospitalised in Prampram after taking “Asana”

    Trending Tags

    • Ghana Police
    • politics killing
    • Kumasi Metropolitan Assembly
    • Otumfuo @ 20
    • General News
    • Politics
    • World
    • Odd News
    • Science
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Sarkodie, Darko Vibes,King Promise will perform at Africa Fan Zone at Paris Olympics – French Embassy

    Sarkodie sues Ecobank over lookalike advert

    The gospel music industry is pure evil – Esther Smith

    The gospel music industry is pure evil – Esther Smith

    Gyakie set to release debut album “After Midnight”

    Gyakie set to release debut album “After Midnight”

    Drake helps a group of African kids go viral [Watch]

    Drake accuses UMG & Spotify of scheme to ‘artificially inflate’ Kendrick Lamar’s ‘Not Like Us’

    Piers Morgan apologises to Jay-Z and Beyoncé

    Piers Morgan apologises to Jay-Z and Beyoncé

    Death of Sowutuom-Based Musician: What we know so far

    Death of Sowutuom-Based Musician: What we know so far

    Trending Tags

    • Shatta Wale
    • Wendy Shay
    • Gaming
    • Movie
    • Music
  • Sports
    Ghanaians lose hope in C.K, start Sack C.K campaign on Twitter

    ‘It’s been nearly four years’ – CK Akonnor slams sports ministry over unpaid salary

    I am ‘not hiding’ Black Stars budget – Sports Minister

    I am ‘not hiding’ Black Stars budget – Sports Minister

    Hearts of Oak only cared about themselves – Torric Jebrin on why his Atletico Madrid move failed

    Hearts of Oak only cared about themselves – Torric Jebrin on why his Atletico Madrid move failed

    Inter Allies TD admits players fixed 2021 league match against AshantiGold, insists GFA judged them unfairly

    Inter Allies TD admits players fixed 2021 league match against AshantiGold, insists GFA judged them unfairly

    Hearts of Oak’s ultra-modern secretariat reportedly up for rent?

    Hearts of Oak’s ultra-modern secretariat reportedly up for rent?

    National Chief Imam’s spokesperson criticises President Mahama for removing betting tax

    National Chief Imam’s spokesperson criticises President Mahama for removing betting tax

    Black Stars to play four-nation tournament in England

    Ghana, Nigeria, Jamaica, and Trinidad & Tobago to compete for Unity Cup in London

    Watch highlights of Asante Kotoko’s win over True Democracy

    Watch highlights of Asante Kotoko’s win over True Democracy

    Video: Nigerian boxer slumps in the middle of fight at Bukom Boxing Arena

    Video: Nigerian boxer slumps in the middle of fight at Bukom Boxing Arena

  • lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Relationship
    • Travel
    20 pupils hospitalised in Prampram after taking “Asana”

    20 pupils hospitalised in Prampram after taking “Asana”

    Single women contributed more to the spike in HIV/AIDS than men – Study

    HIV infections on ascendancy in Central Region with nearly 4,000 new cases

    I will personally call the GFA to dissolve Kotoko before you take the club to relegation – Otumfuo informs team

    Fante Women Are Perfect Cooks- Asantehene

    Single women contributed more to the spike in HIV/AIDS than men – Study

    34,000 new HIV infections recorded in 9 months – Ghana HIV and AIDS Network

    Ghana’s Chef Smith is the new Guinness World Record holder for cook-a-thon

    I’m very sorry – Chef Smith apologises over Guinness World Records scam

    Ghana’s Chef Smith is the new Guinness World Record holder for cook-a-thon

    Chef Smith hasn’t broken any record – Guinness World Records

    Trending Tags

      • Fashion
      • Food
      • Health
      • Relationship
      • Travel
    • Technology
      • Apps
      • Gadget
      • Mobile
      • Startup
    • Stories
      This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

      This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

      Songo, the African tribe where children are raised by their uncles

      Songo, the African tribe where children are raised by their uncles

      Manhyia puts a ban on funerals in Asanteman

      Details of the symbol of authority of the Ashanti Region, the Asanteman flag

      The story of the Ghanaian professor emeritus who did not attend secondary school

      The story of the Ghanaian professor emeritus who did not attend secondary school

      The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

      The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

      Meet the African tribe that offers free sex to guests

      Meet the African tribe that offers free sex to guests

      Meet Kobena Sekyi, the educated elite who never wore European clothing

      Meet Kobena Sekyi, the educated elite who never wore European clothing

      This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

      This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

      Who is the real Yaa Asantewaa

      Who is the real Yaa Asantewaa

    No Result
    View All Result
    • Home
    • News
      • All
      • Business
      • General News
      • Odd News
      • Politics
      • Science
      • World
      Pregnant JHS student killed, head cut off

      Level 100 student at UEW allegedly commits suicide after betrayal by partner

      Former 3-time NPP parliamentary candidate resigns from party over maltreatment

      Former 3-time NPP parliamentary candidate resigns from party over maltreatment

      Pregnant JHS student killed, head cut off

      Adukrom: Boy, 15, murdered after intervening in GHC10 fight

      Ghanaians are suffering due to Nana Addo’s mismanagement, not Covid – Ato Forson

      Tariff hike part of IMF conditionalities – Ato Forson

      All small-scale mining licences no longer valid – GoldBod

      All small-scale mining licences no longer valid – GoldBod

      20 pupils hospitalised in Prampram after taking “Asana”

      20 pupils hospitalised in Prampram after taking “Asana”

      Trending Tags

      • Ghana Police
      • politics killing
      • Kumasi Metropolitan Assembly
      • Otumfuo @ 20
      • General News
      • Politics
      • World
      • Odd News
      • Science
    • Entertainment
      • All
      • Gaming
      • Movie
      • Music
      Sarkodie, Darko Vibes,King Promise will perform at Africa Fan Zone at Paris Olympics – French Embassy

      Sarkodie sues Ecobank over lookalike advert

      The gospel music industry is pure evil – Esther Smith

      The gospel music industry is pure evil – Esther Smith

      Gyakie set to release debut album “After Midnight”

      Gyakie set to release debut album “After Midnight”

      Drake helps a group of African kids go viral [Watch]

      Drake accuses UMG & Spotify of scheme to ‘artificially inflate’ Kendrick Lamar’s ‘Not Like Us’

      Piers Morgan apologises to Jay-Z and Beyoncé

      Piers Morgan apologises to Jay-Z and Beyoncé

      Death of Sowutuom-Based Musician: What we know so far

      Death of Sowutuom-Based Musician: What we know so far

      Trending Tags

      • Shatta Wale
      • Wendy Shay
      • Gaming
      • Movie
      • Music
    • Sports
      Ghanaians lose hope in C.K, start Sack C.K campaign on Twitter

      ‘It’s been nearly four years’ – CK Akonnor slams sports ministry over unpaid salary

      I am ‘not hiding’ Black Stars budget – Sports Minister

      I am ‘not hiding’ Black Stars budget – Sports Minister

      Hearts of Oak only cared about themselves – Torric Jebrin on why his Atletico Madrid move failed

      Hearts of Oak only cared about themselves – Torric Jebrin on why his Atletico Madrid move failed

      Inter Allies TD admits players fixed 2021 league match against AshantiGold, insists GFA judged them unfairly

      Inter Allies TD admits players fixed 2021 league match against AshantiGold, insists GFA judged them unfairly

      Hearts of Oak’s ultra-modern secretariat reportedly up for rent?

      Hearts of Oak’s ultra-modern secretariat reportedly up for rent?

      National Chief Imam’s spokesperson criticises President Mahama for removing betting tax

      National Chief Imam’s spokesperson criticises President Mahama for removing betting tax

      Black Stars to play four-nation tournament in England

      Ghana, Nigeria, Jamaica, and Trinidad & Tobago to compete for Unity Cup in London

      Watch highlights of Asante Kotoko’s win over True Democracy

      Watch highlights of Asante Kotoko’s win over True Democracy

      Video: Nigerian boxer slumps in the middle of fight at Bukom Boxing Arena

      Video: Nigerian boxer slumps in the middle of fight at Bukom Boxing Arena

    • lifestyle
      • All
      • Fashion
      • Food
      • Health
      • Relationship
      • Travel
      20 pupils hospitalised in Prampram after taking “Asana”

      20 pupils hospitalised in Prampram after taking “Asana”

      Single women contributed more to the spike in HIV/AIDS than men – Study

      HIV infections on ascendancy in Central Region with nearly 4,000 new cases

      I will personally call the GFA to dissolve Kotoko before you take the club to relegation – Otumfuo informs team

      Fante Women Are Perfect Cooks- Asantehene

      Single women contributed more to the spike in HIV/AIDS than men – Study

      34,000 new HIV infections recorded in 9 months – Ghana HIV and AIDS Network

      Ghana’s Chef Smith is the new Guinness World Record holder for cook-a-thon

      I’m very sorry – Chef Smith apologises over Guinness World Records scam

      Ghana’s Chef Smith is the new Guinness World Record holder for cook-a-thon

      Chef Smith hasn’t broken any record – Guinness World Records

      Trending Tags

        • Fashion
        • Food
        • Health
        • Relationship
        • Travel
      • Technology
        • Apps
        • Gadget
        • Mobile
        • Startup
      • Stories
        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

      No Result
      View All Result
      THE POST
      No Result
      View All Result
      Home News Business

      Ofori-Atta predicts drop in 2020 GDP

      Ken Ofori-Atta explains how borrowing can transform Ghana’s economy
      Share on WhatappShare on FacebookShare on Twitter

      Minister of Finance, Ken Ofori-Atta has said Ghana has begun experiencing slowdown in the various sectors of the economy as a result of the coronavirus pandemic.

      The slowdown he explained will affect economic growth, and that the impact of the coronavirus menace on the real sector shows that the 2020 projected real Gross Domestic Product (GDP) growth could decline by 4.2 percent.

      RelatedPosts

      Level 100 student at UEW allegedly commits suicide after betrayal by partner

      Former 3-time NPP parliamentary candidate resigns from party over maltreatment

      I am ‘not hiding’ Black Stars budget – Sports Minister

      ADVERTISEMENT

      He said the projected growth will further worsen in the event of full lockdown.

      ADVERTISEMENT

      “Even though events on the coronavirus pandemic are still unfolding, a preliminary analysis of the impact of the coronavirus menace on the real sector shows that the 2020 projected real GDP growth rate could decline from 6.8 percent to 2.6 percent with an outbreak and 1.5 percent with a partial lockdown,” he stressed on the Floor of Parliament on Monday during his address on the impact of the COVID-19 pandemic on the economy of Ghana.

      He disclosed that government intended to prepare and implement a Coronavirus Alleviation Programme (CAP) to be funded with an initial amount of GH?1 billion as directed by President Akufo-Addo to mitigate the impact of COVID-19 on businesses and households and ensure that job losses are minimised.

      Mr. Ofori-Atta said the President established a COVID-19 Fund to be managed by an independent board of trustees chaired by former Chief Justice, Sophia Akuffo, to receive contributions and donations from the public to support the CAP and to assist in the welfare of the needy and the vulnerable.

      He disclosed that there would be a realignment of Statutory Funds towards expenditures that tend to mitigate the impact of the coronavirus pandemic (sanitation and health related expenditures), and pointed out that the government would also limit the award of new contracts whiles focusing on the payment of arrears.

      Mr Ofori-Atta stated that government was looking forward to amend the Bank of Ghana (BoG) Act to allow for it to borrow from BoG up to 10 percent of previous year’s tax revenue in the event of tight domestic financing market conditions.

      He said the Bank of Ghana and the Ministry of Finance had already engaged the commercial banks to discuss their support to the private sector to mitigate the impact of the coronavirus pandemic.

      GH?3bn To Support Industries He noted that the support includes a syndication facility of GH?3 billion to support industry, especially in the pharmaceutical, hospitality, service and manufacturing sectors, as mentioned by the President.

      It again would include the granting of six-month moratorium of principal repayments for selected businesses and the reduction of interest rates priced-off the Ghana Reference Rate (GRR) by 200 basis points (2 percent per annum).

      “Mr. Speaker, we will call on the pension funds and other assets managers and investors to follow the lead of the banks to support by accepting a 200 bps reduction on short term instruments, including T-bills and 364-day paper. This should reduce government expenditure on interest expense by over GH?300 million to help close the fiscal gap,” the Minister intimated.

      NHIA Gets GH?300m Mr Ofori-Atta said GH?300 million had been paid by the Finance Ministry to National Health Insurance Authority (NHIA), and pointed out that the payment was done on Friday, March 27, 2020 as part of measures to provide liquidity to health care providers and the pharmaceutical industry.

      “In addition, the Government arranged Life and Sickness Insurance for our Health Care Professionals on the front line of the Health Care Pandemic,” he revealed.

      He indicated that government was also engaging the telecommunication companies to reduce the cost of data and telecommunication services to households and small businesses as part of the mitigating measures on the citizens and industries/businesses.

      According to him, the Ghana Revenue Authority (GRA) has been asked to provide some reliefs to businesses and households, including extension of due dates for filling of taxes from four months to six months after the end of the basis year.

      He said the COVID-19 pandemic had led to tight financing conditions both in the global and domestic financial markets, and added that the slowdown in economic activities was likely to result in debt service difficulties (especially from the sectors that are hard hit such as aviation and hospitality) and containment measures such as social distancing may lead to reduced productivity and job losses.

      source: Daily Guide Network

      Related Posts

      Pregnant JHS student killed, head cut off
      General News

      Level 100 student at UEW allegedly commits suicide after betrayal by partner

      April 17, 2025
      Former 3-time NPP parliamentary candidate resigns from party over maltreatment
      Home Page

      Former 3-time NPP parliamentary candidate resigns from party over maltreatment

      April 17, 2025
      Ghanaians lose hope in C.K, start Sack C.K campaign on Twitter
      Sports

      ‘It’s been nearly four years’ – CK Akonnor slams sports ministry over unpaid salary

      April 17, 2025
      I am ‘not hiding’ Black Stars budget – Sports Minister
      Home Page

      I am ‘not hiding’ Black Stars budget – Sports Minister

      April 16, 2025
      Pregnant JHS student killed, head cut off
      General News

      Adukrom: Boy, 15, murdered after intervening in GHC10 fight

      April 16, 2025
      Ghanaians are suffering due to Nana Addo’s mismanagement, not Covid – Ato Forson
      Business

      Tariff hike part of IMF conditionalities – Ato Forson

      April 16, 2025
      Load More
      Leave Comment
      Plugin Install : Popular Post Widget need JNews - View Counter to be installed

      Kotoko Vrs Liberty

      https://www.youtube.com/watch?v=FGqxzQUuBmc
      Currently Playing
      Currently Playing

      Meet the Asante woman who is the face of the Jamaican $500 note

      Meet the Asante woman who is the face of the Jamaican $500 note

      Meet the Asante woman who is the face of the Jamaican $500 note

      Home Page
      LIVESTREAMING: 20th Vodafone Ghana Music Awards

      LIVESTREAMING: 20th Vodafone Ghana Music Awards

      Home Page
      Traditional Priests angry with Rev Owusu Bempah

      Kweku Baako & Anas Aremeyaw Anas murdered Ahmed Suale – Owusu Bempah

      Politics
      Highlight: Kotoko beat Techiman Eleven Wonders 1-0

      Highlight: Kotoko beat Techiman Eleven Wonders 1-0

      Sports
      LilWin is no more my friend – Kwaku Manu

      LilWin is no more my friend – Kwaku Manu

      • Home
      • News
      • Entertainment
      • Sports
      • lifestyle
      • Technology
      • Stories
      Call us: +233 26130 5260 THEPOST

      © 2021 ThePostGhana - Designed by Rescoden Rescoden Ltd..

      No Result
      View All Result
      • Home
      • News
        • General News
        • Politics
        • World
        • Odd News
        • Science
      • Entertainment
        • Gaming
        • Movie
        • Music
      • Sports
      • lifestyle
        • Fashion
        • Food
        • Health
        • Relationship
        • Travel
      • Technology
        • Apps
        • Gadget
        • Mobile
        • Startup
      • Stories

      © 2021 ThePostGhana - Designed by Rescoden Rescoden Ltd..

      WP Radio
      WP Radio
      OFFLINE LIVE