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Richard Hudson, CEO, First National Bank Ghana First National Bank Ghana Limited is introducing a raft of relief packages to help both individual and corporate customers against the economic impact of the COVID-19 pandemic. “Long before the first case of COVID-19 was detected in Ghana, many analysts had predicted that the pandemic would adversely impact Ghanaian businesses and therefore, individual incomes and the overall national economy,” says Richard Hudson, CEO of First National Bank Ghana. “We appreciate that in these tough times, we need to stand together with our customers by offering them the #RealHelp they need to make it through these tough economic times.” Under the #RealHelp initiative, First National Bank Ghana Limited is offering at least a 2% interest rate cut on loans to all existing customers from 01 April 2020 for the tenor of all Ghana-cedi denominated loan facilities. To clarify further, Richard Hudson explained that all cedi denominated loans at First National Bank Ghana Limited are linked to the Ghana Reference Rate (GRR) which is published monthly on the first Wednesday of every month. Loans to customers are quoted at the GRR plus a margin. With the recently announced drop in the MPC rate, the GRR dropped by 1.20% and the bank then slashed its margin by a further 1% across all cedi related loans, bringing the total reduction to 2.20%. Customers have also been given an option to apply for repayment holidays, where a temporary moratorium will be placed on the loan repayments for up to six months. This is expected to give customers some leeway to reorganise their finances which may be negatively affected by the economic fallout from the COVID-19 pandemic. Customers can apply for the repayment holiday on the First National Bank app or by using the quick code *877# on its cell phone banking platform. “The entire process has been digitized so there’s absolutely no paperwork and that also means response times will be faster,” Mr. Hudson says. “We believe these interventions will assist customers who have demonstrated sound banking behaviour, such as consistently honouring their repayments to the bank before the onset of the COVID-19 pandemic.” Head, Marketing and Corporate Affairs at First National Bank Ghana, Delali Dzidzienyo adds: “With these initiatives, we want to consolidate our position as the most helpful bank in Ghana. We are offering our customers a real helping hand in a very difficult time as many businesses will not perform as well as they had hoped this year; and many individuals will not earn the monthly incomes that they normally expect. The #RealHelp we are offering is not a one-size-fits-all solution but is tailored to each customer’s unique situation which ensures that we give them the necessary help they that need in this particular circumstance.” Richard Hudson, CEO, First National Bank Ghana

The American president, Donald Trump stunned the world leaders and the health experts on Tuesday, when he was pulling up funding to the WHO, in the middle of the global novel Corona virus pandemic. He had warned that he was going to do so last week, accusing the WHO of mismanaging the spread of the CODVID-19. Of not taking a hasty decision on investigating the virus when it first emerged in China in 2019. Antonio Guterres, the secretary General of the United Nation, which is the WHO parents organisation has described the pandemic as unprecedented in a statement on Tuesday, and acknowledged the fact that there would a lessons learned on future outbreaks. “once we close the chapter of this epidemic, there must be a time to go back and look at how this diseases emerge and spreads it devastation globally, and how those involved react to crisis” He continued to say, “ but now is not the time to reduce resources for the operation of the world health organization or any other humanitarian units in the fight against this virus. urging for togetherness in the face of a pandemic the has taken many lives globally.

India capital city of New Delhi announced restrictions on Businesses and government services starting from Today (FRIDAY) as did the country’s second most densely populated state of Maharashtra. Under measures than will extend through March 31st, all non-essential services in Maharashtra state will be shut down according to their Chief Minister, and includes the City of Mumbai. All shops except those providing essential commodities will be closed and government services will be carried out by just 25% of the state’s workers. Public transport will continue to run for the time being. The Chief Minister of New Delhi, Arvind Kejriwal announced the shutdown of all essential government service. "In view of the induce situation, we are closing down all Malls (except grocery, pharmacy & vegetables (SIC) Shops in them" He Tweeted”

Eight Ghanaians who contracted the novel coronavirus (COVID-19) are reported to have recovered, a highly placed government official has told kasapafmonline.com. As at Friday, March 20, 2020, Ghana has confirmed and recorded 16 cases of the coronavirus. Considering the number of recorded cases, it means 50 percent of victims have recovered. They are reported to be showing no signs of the symptoms of the disease after undergoing numerous tests by the Noguchi Memorial Laboratory. President Akufo Addo last Sunday announced the shut down of all educational institutions – universities, second cycle schools and basic schools effective, March 16, 2020, until further notice in the wake of the outbreak of the deadly COVID-19. However, BECE and WASSCE candidates will be allowed to prepare for their examination under prescribed social distancing protocols. All public gatherings, including conferences, workshops, funerals, political rallies, sporting events, such as services in churches and mosques have been suspended for the next four weeks. Private burials are however permitted but with limited numbers not exceeding 25 people in attendance. He reiterated that travel bans announced are still in force.

The office of former president Jerry John Rawlings, has served notice to the general public that the office has been closed until further notice. The closure is due to the outbreak of the coronavirus pandemic and is aimed at protecting both staff and visitors alike, a statement signed by Kobina Andoh Amoakwa who is in charged of Communication at the former president’s office said on Thursday. Former President Rawlings in confirming the closure indicated that “isolation is key to protecting ourselves from the COVID-19 virus and it is in support of measures taken by the government to mitigate the spread of the virus.” He urged all Ghanaians to seriously observe the safety measures put in place by the government to stem the spread of the coronavirus. Former President Rawlings has in the past few days voluntarily tested for the virus and received a negative result. “Members of the general public who wish to contact the former President or his office should kindly note that they can email office@presidentrawlings.com or call mobile numbers 0264444464, 0200736637 or 0244023868. Social media users can also contact the office on https://web.facebook.com/President.J.J.Rawlings/ or Twitter handle @officeofJJR.” Source: 3news.com | Ghana

As at the morning of 26 March 2020, a total of fifty-four (54) cases including three (3) deaths ha ve been confirmed from the regular surveillance systems. All the three (3) cases that unfortunately succumbed to the disease were aged and had underlying chronic medical conditions. All the other fifty-one (51) cases are well; fourteen (14) are being managed at home and the rest are responding well to treatment on admission in isolation. They are awaiting their test results and will be discharged when the results are negative. The great majority of the confirmed cases are Ghanaians, who returned home from affected countries. Seven (7) are of other nationals namely: Norway, Lebanon, China, Netherlands, and the United Kingdom (UK). The number of confirmed cases among travelers under mandatory quarantine who have been tested is seventy-eight (78). In respect of contact tracing, a total of 970 contacts have been identified and are being tracked. Out of these, two hundred and four (204) have completed the 14 days mandatory follow up.

Former President John Dramani Mahama has called for more action from government in the wake of the outbreak of coronavirus in the country. Former President John Dramani Mahama has called for more action from government in the wake of the outbreak of coronavirus in the country. The leader and flagbearer of the opposition National Democratic Congress in a Facebook live address on Monday, March 16, 2020, said government must hit the ground running to prevent spread of the virus in the country. “The virus outbreak is a national issue and we really are all in this together. My party and I will play our role in supporting national efforts to mitigate the threats and to support our people through this crisis. I give my word to the people of Ghana that as the Minority and the voice of the voiceless, we will hold the government to account on these issues while remaining vigilant in ensuring that the public is protected. This is not a time for words. It is time for action.” The former president further called on the government to release its plan on how to keep the economy afloat following the outbreak. “What the government did not address is the wide-reaching economic impact of the pandemic. We have seen governments around the world make bold moves to protect the economies and we should expect the government of Ghana to respond rapidly to this challenge. I, therefore, call on the government to publish its plans to protect the economy including the possibility of a statement to Parliament on the expected impact on our economy of the destructions of COVID-19 on global supply chains and international travel.” Mr. Mahama also called on ECOWAS health and other relevant ministers to hold an urgent teleconference to review the sub-regional actions that are put in place to protect us. “During the Ebola crisis, I had the experience of working with our partners in the ECOWAS and the UN in addressing the threats. ECOWAS must now common enforceable protocols to deal with the Coronavirus across the sub-regions and related issues. ECOWAS health and other relevant ministers and their advisors must hold a teleconference as a matter of urgency to review sub-regional actions that are put in place to protect us.”

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