Ghana's Economy To See Significant Growth With The Implementation Of Covid-19 Interventions - Information Minister
The Minister of Information, Hon. Kojo Oppong Nkrumah has emphasized that the various interventions being continuously made by the government amid the Coronavirus (Covid-19) pandemic will help the country’s economy to see significant growth in no time.
Five months on, there have been over 43,000 recorded covid-19 cases in the country.
But for several interventions and what has been described as pragmatic measures implemented by the government, more than 40,000 recoveries have been recorded as well with a little over 1000 cases still active.
In the midst of the pandemic, Ghana’s economy has suffered the most just like other economies around the world. Before Covid-19, the country’s economy was growing at a fast pace of 6.5% on the average, one of the best in the world at the time.
Now with the impact of the pandemic, the growth of the economy has seen a big decline, [now growing at 0.9%].
Despite the phenomenon, Information Minister Kojo Oppong has stressed that change is coming.
Speaking as a keynote speaker for a Multi-stakeholder reflection webinar on Covid-19 response in Ghana on Wednesday on the theme ‘Sharing Lessons, Promoting Collaboration and Visioning a Future With Covid-19’, the Ofoase-Ayirebi constituency Member of Parliament noted that interventions made by the government will push the economy to grow in no time.
“…the kind of investments that we [the government] are hoping to make in the medium term to revamp the economy we expect will bring us on the path of a quick recovery.
“So I am hopeful that as we continue to implement these strategies, as we continue conversations as to what more we can do, we will build on the successes that we have achieved so far and perhaps make some lemonade out of the lemons that Covid-19 dished out not just to the entire world but to the Republic of Ghana”, Hon. Kojo Oppong Nkrumah said during the webinar organized by the West Africa Civil Society Institute in Collaboration with Star Ghana Foundation.
In the midst of the Covid-19 pandemic, several strategies have been implemented across various spectrums including health, education, social protection, governance among others.
The private sector which accounts for 80% of Ghana’s GDP has received support in many ways to restore the economy.
Not only is the government pumping money into the sector, but it continues to support SME’s financially to keep them in business.