COVID-19: Global economy after coronavirus would be different - Bawumia

COVID-19: Global economy after coronavirus would be different - Bawumia

Various schools of thought have posited that the COVID-19 could lead to a huge economic strain after all is over.

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Economic whizkid and vice president of Ghana, Dr Mahamadu Bawumia has stated that the post-COVID-19 global economic architecture is going to be a radically different one.

In a Facebook post sighted by YEN.com.gh, Bawumia revealed that it would make countries more self-reliant in the production of goods and services.

He wrote, "The post-COVID-19 global economic architecture is going to be a radically different one. It will usher in more self- reliance by countries in the production of goods and services. We in Africa have to get ready for this future."

READ ALSO: COVID-19: Details about Ghana’s 378 cases and other news on April 9, 2020

Ghanaians could not have agreed better with the Vice president in the call for self-reliance.

Ali said there us the need to get into action immediately we get out of this situation.

Togbe said this is exactly what we need in Africa.

Salman said when the disease is over countries have to work hard to get back on their feet economically.

Dotse simply made a suggestion.

READ ALSO: COVID-19: Finance minister Ken Ofori-Atta urges China to support Africa with debt reliefs

The minister of finance, Ken Ofori-Atta, has called on China to assist African countries with debt reliefs.

According to him, the move would help ease the economic burden on African countries reeling from the impact of the outbreak.

Per a citibusinessnews.com report, Ofori-Atta revealed that it is likely Africa’s total debt to China stands at about $145 billion.

READ ALSO: COVID-19: Ghana's coronavirus cases count jumps to 378

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Source: Yen.com.gh

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