COVID-19: Ghana’s economy will quickly recover after pandemic - Bawumia
- Vice President Dr. Mahamudu Bawumia has predicted increased economic growth for Ghana after COVID-19
- He explained that the government has put in place measures which would ensure economic growth after the pandemic
- Dr. Bawumia was speaking after the Virtual Eid-ul Fitr celebration
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Ghana’s Vice President, Dr. Mahamudu Bawumia, has predicted a growth in Ghana’s economy after the COVID-19 pandemic.
He indicated that the country would work hard to ensure self-reliance after in the future.
According to him, a number of policies implemented by the government would play key roles in Ghana’s economic transformation after COVID-19.
READ ALSO: COVID-19: President Akufo-Addo outdoors GHC1 billion business support programme
He listed some of them as the Ghana Beyond Aid agenda and the Planting for Food and Jobs project initiated by the government.
Per a report by citinewsroom.com, he explained that “the president has already placed Ghana on a trajectory that allows us to come out of this crisis relatively quickly. As you know, the post-COVID economic architecture in the world is going to be one of the countries that are going to be more self-reliant. You are going to look at self-reliance in food production, manufacturing and in services, that is really the Ghana Beyond Aid that the president started talking about way before this pandemic came into being. And so that trajectory that we have already embarked upon will allow us to recover from this pandemic much more quickly than probably other pandemics.”
Dr. Bawumia was speaking in an interview at the Ghana Broadcasting Corporation after the Virtual Eid-ul Fitr celebration.
YEN.com.gh understands that the Bank of Ghana has indicated that the economy is currently in a contraction phase, which started in March 2020, when the first COVID-19 case was recorded in Ghana.
In other news, the General Manager of Kempinski Hotel, Manish Nambiar, has opened up about the challenges the hotel has been facing since the outbreak of the COVID-19.
According to him, the hotel has lost between $4.5 million to $5 million since the epidemic broke out about 3 months ago.
Nambiar added that the hotel is currently running at a loss because people are not patronizing it out of fears of the coronavirus.
READ ALSO: COVID-19: Over 100 businesses in Ghana lose almost GHC40 million - GNCCI
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Source: YEN.com.gh
