The Economic Impact and Implications of COVID-19, the Ghanaian Perspective 

09-04-2020

The Economic Impact and Implications of COVID-19, the Ghanaian Perspective 

Dear GNBCC Member,

Our Premium Member, KPMG, brings you an update on the economic impact and implications of COVID-19, the Ghanaian perspective.

The document has these highlights:

  • Over 1,100,000 cases now recorded outside China accounting for over 93% of global cases.
  • The outbreak of the coronavirus pandemic will negatively impact the economy and erode some gains.
  • Bloomberg estimates that in a pandemic situation, COVID-19 could cost the world economy $2.7 trillion Equivalent to UK’s economy.
  • Developing countries and emerging economies will be significantly impacted without support in the form of development assistance, debt relief & debt restructuring.
  • Multilateral institutions like the IMF and the World Bank provide a lifeline for African countries to access funds to combat the virus.
  • Countries including Ghana have cut rates and announced various monetary policies.
  • However, we anticipate some positive impacts from the current situation.
  •  

You can learn more here.

KPMG is happy to respond to your queries, please direct them to dadoteye@kpmg.com or easare@kpmg.com.

 

Best regards.

GNBCC | News