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"Shape and speed of global recovery will be influenced by joint determination"- Finance Minister

As part of the recovery process from the devastating effects of the novel coronavirus pandemic, a speech read on behalf of the Finance Minister, Mr. Ken Ofori Atta stated that the shape and speed of global recovery will be significantly influenced by joint determination to forge lasting partnership between nations.

According to him, this kind of partnership must rope in multilateral institutions and the private sector and development banks underguarded by mutual interest to create a fairer and more sustainable world.

"For the first time in 25 years, Africa is experiencing a recession brought on by this unexpected pandemic", the statement said.

"To build back better and greener, we must reorient our approach and share a moral sense of duty to act wherever and whenever the pandemic brings about deficient social outcomes".

"Without this, we could be staring down the possibility of a lost decade characterized by sub-optimal socio-economic outcomes across Africa and the rest of the world", the statement further said.

He made this remarks at the Joint Covid-19 Humanitarian Response in Accra yesterday, May 26, 2021 where a presentation was made on his behalf on what was referred to as Draft Intervention on pulling together through uncertain times.

The statement noted that the pandemic had exposed deep structural fragilities that required urgent attention, particularly in relation to the development of health infrastructure, boosting local manufacturing, improving sanitation and streamlining education delivery.

"Unlike our peers in the G-20, we could not respond at a sufficient scale to mitigate the full impact of the pandemic on lives and livelihoods.Africa, for instance, has able to spend a meagre 2% of GDP compared to 16% in OECD countries on vital healthcare, education, social services, welfare, production, and critical economic stimulus in responding to the crisis", it said.

"To recover from the pandemic, Africa still needs to close a financing gap of around US$425 billion in the next three years, ramp up vaccine rollouts,build organizational capital of the private sector and invest in long term and climate-conscious sustainable development", it further noted.

"Without sufficient support to the continent by 2050, when Africa will be home to a quarter of the world's population, and about $29 trillion of GDP (UNFPA 2020), a diaster of apocalyptic scale may befall us", the statement warned.

"Today, as we close out on one humanitarian project, we must demonstrate our united front and commitment to rebuilding our communities...", it further added.

To enhance capacity of Ghana's health system the Health Minister, Honourable Kwaku Agyeman Manu revealed that the revised National health policy launched in 2020 by the President hinged on the use of multi-sectoral collaboration as a mechanism for addressing the social determinants of health for better quality of life including the covid-19 response which was implemented in multi-sectoral approach.

According to him, the approach was which has been categorized into four sectors include health, WASH, Food security and sexual and gender based violence (SGBV) in order to strengthen health systems, suppress transmission of the virus, provide services and facilitate community engagements for risk communication and mitigate impact of covid-19 in hotspot regions.

The regions according to him include Greater Accra, Ashanti , Northern, Western, Eastern, Volta and Central regions.

" enhance capacity of Ghana's health system for covid-19 case management, improve quality of care and early case detection, under this World Bank facility, the government of Ghana benefited from WHO'S technical and financial support to build capacity of the health workforce for effective case management and improved survival. 

"The knowledge and skills acquired would help in the management of future pandemic, to curtail the spread of the virus, improved Water, Sanitation and Hygiene", he assured.

By Prosper Kwaku Selassy

Content created and supplied by: GhanaNewsOne (via Opera News )

Africa Ken Ofori Atta


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