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Business News of Monday, 25 May 2020


Ghana’s economy will bounce back after coronavirus - Bawumia

Vice President of Ghana,  Dr Mahamudu Bawumia Vice President of Ghana, Dr Mahamudu Bawumia

Vice President Dr. Mahamudu Bawumia has expressed strong optimism that Ghana’s economy will bounce back after the coronavirus pandemic is dealt with.

According to him, the Ghana Beyond Aid agenda which encapsulates policies such as the Planting for Food and Jobs will enable Ghana to recover quickly from the devastating effects of the pandemic.

Speaking in an interview with GBC, after the Virtual Eid-ul Fitr celebration at the station on Sunday, the Vice President said: “The President has already placed Ghana on a trajectory that allows us to come out of this crisis relatively quickly.”

“As you know, one of the economic factors for growth in countries in the world after the pandemic is self-reliance. You are going to look at self-reliance in food production, manufacturing and in services– that is really the Ghana Beyond Aid that the President started talking about way before this pandemic came into being. And so that trajectory that we have already embarked upon will allow us to recover from this pandemic much more quickly than probably other pandemics,” he added.

Since the outbreak of the coronavirus, the government has initiated several measures to reduce the impact of the virus on the citizens.

Some of the measures include the absorbing of water bills for three months for all Ghanaians, free electricity for three months for lifeline consumers and 50% discount for non-lifeline consumers, and the announcement of Ghc1 billion stimulus package for small scale businesses.