Business News of Friday, 5 June 2020Source: B&FT OnlineBusiness confidence rebounds after lockdown ease – ReportGhana’s Purchasing Managers’ Index rose by 15 index points in MayDespite the coronavirus smashing business confidence and unsettling the private sector, especially before and during the three-week lockdown in April, a market report has indicated that confidence has rebounded some few weeks after the restrictions were eased. This effectively shot up business confidence to higher levels that has not been experienced since November 2018. Rates of contraction in output and new orders eased markedly following the loosening of lockdown restrictions, with both nearing stabilisation,” he said in the report. Some business owners said they had to cut down on staff due to social distancing rules. For example, restaurants can now open, but those providing seated services must operate under appropriate social distancing arrangements and hygiene protocols.

Source: GhanaWeb June 05, 2020 03:56 UTC