Ghana’s economy is on a steady rebound, with many indicators moving towards pre-pandemic levels.

The Bank of Ghana’s (BoG’s) surveys on consumer confidence indicate that economic activity had started picking up in some hitherto dormant areas.

That was after consumers responded favourably to the gradual lifting of restrictions in the economy, with productive activities bouncing back to pre-lockdown levels.

“Business confidence has also improved although the index remained below pre-lockdown levels. Our latest high frequency economic indicators, such as consumer spending, industrial consumption of electricity revitalise businesses and cushion households will have to be defined to scale and there should be no expectation that these should become permanent obligations of government,” he stated.

The Governor, in his lecture, also stated that a wide fiscal gap raised important financing issues, stressing that its financing should not be by recourse to central bank funds, as doing that would weaken the central bank’s ability to serve as the anchor of monetary and exchange rate stability.

Not out of woods 

Dr Addison, however, warned that the global economy was not out of the woods yet, neither was the Ghanaian economy.

He said the pandemic and its socio-economic impact would be felt long after the global community reached herd immunity and started seeing the full benefits of the success in the vaccines.

“This means as public policymakers, we will still be faced with tough decisions that require a response function asymptotic to Pareto principles. The critical decisions that we take will be judged by posterity,” Dr Addison said.

The Pareto principle postulates that for many outcomes, an average of 80 per cent of consequences come from 20 per cent of the causes. This means the country should focus on doing the few most important things that can trigger widespread impact on the rest of the economy.

Rise up 

The Vice-Chancellor of the university, Professor Ebenezer Oduro Owusu, in an opening address, called on Ghanaians to rise up to the challenges posed by the pandemic and make wise economic decisions to help reduce the effects of the pandemic on socioeconomic activities.

“We have to manage our expenditure and seal the linkages in the system. A broken economy is a broken nation and we cannot sit down for our country to break,” Prof. Owusu said.

6 COMMENTS

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Edinburgh – Some ideas for seeing Scotland Trip in Scotland ought to certainly start along with its financing. Edinburgh is actually a wonderful medieval a community along with particular stone structures. From the primary street, the so-called The Royal Mile linking the previous royal fortress along with the Queen’s summertime palace (Palace of Holyroodhouse) bolts a network of appealing little streets (the supposed close), producing a labyrinth in which it is actually definitely worth acquiring shed. It takes approximately two days to explore Edinburgh, but you can prolong this opportunity approximately four. In the situation of a quick check out to Scotland, you can easily likewise confine yourself to Edinburgh just, investing one day on a circular journey by bus in the Scottish highlands (just about every holiday company in the capital supplies it). Thus, at the very least for a minute we will certainly feel the setting of an actual land of moistures. An also much better suggestion is actually to rent out an automobile for eventually and take place an independent trip (the program and also attribute of the organized excursions carry out certainly not necessarily meet every person). Such a self-guided excursion will perhaps take our team a minimum of ten hours. For a somewhat longer adventure (albeit still limited to just a couple of times) from Edinburgh, I would certainly recommend to strike in two directions: Isle of Arran or even Loch Lomond. Arran is phoned Scotland in mini. Spending two or even 3 days on the island, our experts can easily appreciate the beauty of the west coastline, unwind on the beach, go up the highest possible height of the isle– Goat Fell, in addition to admire the verdant mountains and delight in the room. Loch Lomond is among Scotland’s 2 national playgrounds, a lovely pond encompassed by mountains and woods. Heading, you can easily also explore Stirling Castle. 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Scotland, like the whole of Great Britain, is actually not one of the most affordable locations. In enhancement, in Scotland the camping tent can easily be established up literally anywhere, so visitors can likewise sleep in the crazy. The very most well-known as well as one of the most gorgeous treking routes in Europe is the so-called West Highland Way. Longer trip? How about north along the west coast and afterwards back to the quieter, albeit a lot less amazing eastern? Several tourists in Glasgow, takes a learn to Mallaig (occasionally checking out Glencoe or Fort William en route) at that point visits Isle of Skye (the very most attractive of the Scottish islands), after that head along the coastline towards Ullapool, regarding Durness, on the method back going to Inverness, Fort Augustus (Loch Ness), Aberdeen as well as Cairngorms National Park, and also ultimately Street Andrews. Is it possible through trains and buses? 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The solution is straightforward: it pours as well as impacts. In the case of a low-budget trip, rest in an outdoor tents or remain merely in hostels (price concerning PLN 80 per night)., Whiskey, visit at least one whiskey and order fish as well as potato chips along with vinegar at minimum once. I hope that through this post I motivated my pals (:-RRB-) however also unfamiliar people to take a trip to Scotland. It’s truly worth a hundred opportunities! I invite you to check out, if simply I am actually still listed here. Wonderful Scottish seashores. Loch Lomond Backpack. Iona- small isle, white colored seasides. Island of Skye. Glencoe. Eilean Donan Castle. Island of Arran. Scotland is definitely a really stunning country, as well as every year it is checked out by crowds of vacationers from the United States, France, and also Italy or Spain. Arran is actually contacted Scotland in mini. Scotland, like the whole of Great Britain, is actually not one of the least expensive places. It was actually presently spring in Scotland, the sun was actually heating up, while in Scotland it was actually still wintertime all over. I really hope that along with this message I motivated my close friends (:-RRB-) however also unfamiliar people to take a trip to https://www.scotland.com/

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