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Business News of Thursday, 10 June 2021

Source: www.ghanaweb.com

16,000 agribusinesses still not operational post-coronavirus lockdown - Survey

About 42,396 agribusiness firms were closed during the lockdown About 42,396 agribusiness firms were closed during the lockdown

• GSS has assessed the impact of COVID-19 on agribusinesses in Ghana

• 16,091 agribusinesses remain closed after lockdown

• About 42,396 agribusiness firms were closed during the lockdown



An estimated 16,091 agribusinesses closed due to the lockdown still remain closed post lockdown, the Ghana Statistical Service has revealed.

However, about 42,396 agribusiness firms were closed during the lockdown.

This information was contained in GSS's latest survey which assessed the impact of COVID-19 on agribusinesses in Ghana.

Agribusiness firms in the service and industry sectors were most affected by the lockdown, considering firms that were closed as a result of the lockdown.

Subsequently, during the post lockdown periods, agribusiness firms in the service sector experienced faster recovery with the most reopened firms.

Thus, while closed down agribusiness firms in the service sector reduced by 11 percentage points between the lockdown period and post-lock down period, barely about 7 percent of agribusiness firms in each of the other sectors (industry and agriculture sectors) opened after been closed due to lockdown.

Before Ghana’s partial lockdown which was from Sept.2019 – Feb.2020, 9.1 percent of agribusinesses were reportedly closed.

Agribusinesses play a critical role in the growth and development transitions of a developing country like Ghana.

Typically, these comprise business activities that contribute to the food security and nutrition of the population.

Below is the full report: