The Coronavirus (COVID-19) pandemic is expected to have a significant adverse impact on the global economy. Governments around the world are implementing various fiscal measures to mitigate the adverse effect and provide relief for businesses and households.
On 30 March 2020, Ghana’s Minister for Finance delivered a Statement to the Parliament of Ghana on the “Economic Impact of the COVID-19 pandemic on the Economy of Ghana”. The Minister outlined the expected impact of the pandemic on the Ghanaian economy and the fiscal and monetary measures taken by the Government of Ghana to mitigate the impact of the pandemic.
In this publication, I provide highlights of the Government’s statement on the impact of COVID-19 and measures proposed by the Government to mitigate the impact. The publication also highlights Deloitte’s assessment and general views on the impact of the pandemic vis-à-vis measures taken by the Government. COVID-19 indeed has impacted negatively both in the education and the economy and has resulted in many financial companies bankrupt.
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