GNCCI BUSINESS BRIEF (25th - 29th May, 2020)

Economy

• Phase one of reviving economy out-doored … as restaurants, conferences, schools open partially
• Survey to track impacts of COVID-19 on local economies begins

Sectoral

• NBSSI cautions against illegal charges for registration for GHS1bn SMEs loan
• UNIPASS takes off fully today after challenging pilot
• GRA promises to resolve challenges with UNIPASS clearing system
• Banks revise loan budget downwards
• BoG begins online payment service for Collateral Registry System
• Government receives GH¢5.5 billion first installment of COVID-19 Relief Bond

Trade & Investment

• GNCCI WEBINAR; Covid-19, Strategies for Business Survival and Growth

Policy

• COVID-19’s unannounced visitation has pushed the need for AfCFTA urgently
• Lobby to implement ECOWAS Veterinary Pharmaceutical Protocol intensifies

International

• Don’t expect debt relief, United States warns Africa

  West African food trade under strain as COVID-19 shuts borders

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