Ghana’s path to full economic recovery after the COVID-19 crisis will be arduous according to economist, Dr. Adu Owusu Sarkodie.
Speaking on Plan B FM’s morning show, ‘Nkɔsoɔ Nsɛm’, the outspoken economist hailed government’s timely relief interventions during the period of lockdown but was quick to emphasize that those measures taken had plunged the stability of the Ghanaian economy into a state of sequela.
He assented to the fact that, the coronavirus stimulus package set aside by government for small and medium scale enterprises was crucial for the revival of local businesses but concurrently, it was also, a drain on government coffers due to the lack of internally generated revenue at that time as a result of inactivity at the country’s major income points.
“The economy was sinking at the time of the lockdown and government was getting into trouble and something urgently needed to be done because government was under intense pressure”,
Dr. Adu Owusu Sarkodie
He however, expressed sympathy for players within the private sector who had to endure the harsh financial impact of the COVID-19 pandemic.
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