- The Finance Minister, Ken Ofori-Atta, has indicated that there will be economic challenges in the year 2020 and beyond
- He explained that the outbreak of the coronavirus has negatively affected businesses and livelihoods worldwide
- The minister passed the comments when he presented the 2020 mid-year budget review in Parliament
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The year 2020 and beyond will be filled with economic challenges for Ghana, the Minister of Finance, Ken Ofori-Atta, has predicted
According to him, this is mainly due to the impact of the outbreak of the coronavirus on the economy.
In his view, the coronavirus has negatively affected businesses and livelihoods all over the world and Ghana is no exception.
READ ALSO: Government is ready to protect jobs and businesses - Ken Ofori-Atta
The minister passed the comments as he presented the mid-year budget review in Parliament on Thursday, July 23, 2020.
An adomonline.com report reveals that he described COVID-19 more than just a health crisis.
He, however, expressed hope that there could be a possible revamp of the economy if the Akufo-Addo-led government is given four more years.
Ofori-Atta added that, given the possible challenges that lie ahead, Ghana would need a courageous and competent government to steer the affairs of the nation.
He further indicated that the present government has proven that since it assumed office almost four years ago.
In other news, Ken Ofori-Atta has also disclosed that Ghana’s public debt stock currently stands at GHc255,727.1 billion.
Presenting the 2020 mid-year budget review in Parliament, he indicated that the outbreak of the coronavirus has led to the tightening of global financial conditions.
Notwithstanding, he went on, that Ghana’s $3 billion International Capital Market financing was conducted in the first two months of the year 2020.
READ ALSO: Mid-year budget review will not fix the economy overnight - Economist
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