Bank of England has injected an extra £100 billion, an equivalent amount of $125billion into UK’S economy in a bid to help revive its economy amid coronavirus pandemic.

According to researchers,  UK’s economy is expected to be in her deepest recession, something she never experience in more than 300 years. This amount is expected to boost markets taking its stimulus plan to nearly a trillion dollars.

The bank has also maintained interest rate at 0.1%, something analysts forecast rates will remain unchanged and the bank’s Monetary Policy Committee would expand its bond buying programme, or quantitative easing by £100-£150.

The bank of England had earlier warned that the economy would contract by 30% in the first half of the year, the worst performance since 1700s. The additional £100 billion announced on Thursday, June 18 now takes the bank’s total quantitative easing, effectively printing new money to £745 billion.

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GHANAIANS CRY OVER ‘KILLER’ INTERNET CHARGES

A section of Ghanaians, mainly the youth and the business class are crying over what they term as ‘killer internet charges’.

After the president of the republic, HE NANA ADDO DANQUAH AKUFFO ADDO announced that Ghanaians will be enjoying free water for the next three months, the general public was expecting a kind gesture of the telcos, if not a free data during this lockdown period, a reduction in the price will go a long way to help.

Majority of this youths, are students and with the introduction of the E-learning system find it very difficult to afford data, making learning unbearable for them.

They’ve been a call by the general public for the telcos to reduce their data charges since most people are also working from home which requires internet.

Notable among those calling for the reduction in data is the former president of the Republic of Ghana, HE JOHN DRAMANI MAHAMA and the head and leader of the Alabaster International Ministry, Prophet Kofi Oduro. Currently there’s a movement on social media to appeal to the telcos to listen to their plea; #Reduceinternetprices.

So far it seems the telcos have turned a death ear to their plea and seems not perturbed. We only hope they listen to us because life is becoming unbearable.CHARGES

A section of Ghanaians, mainly the youth and the business class are crying over what they term as ‘killer internet charges’.

After the president of the republic, HE NANA ADDO DANQUAH AKUFFO ADDO announced that Ghanaians will be enjoying free water for the next three months, the general public was expecting a king gesture of the telcos, if not a free data during this lockdown period, a reduction in the price will go a long way to help.

Majority of this youths, are students and with the introduction of the E-learning system find it very difficult to afford data, making learning unbearable for them.

They’ve been a call by the general public for the telcos to reduce their data charges since most people are also working from home which requires internet.

Notable among those calling for the reduction in data is the former president of the Republic of Ghana, HE JOHN DRAMANI MAHAMA and the head and leader of the Alabaster International Ministry, Prophet Kofi Oduro. Currently there’s a movement on social media to appeal to the telcos to listen to their plea; #Reduceinternetprices.

So far it seems the telcos have turned a death ear to their plea and seems not perturbed. We only hope they listen to us because life is becoming unbearable.

Emmanuel Delali Agbleze

Kamlinks.com   kamlinksgh@gmail.com