The Finance Ministry has said the country's economy will perform better despite the impact the Covid-19 pandemic is having on it than several other worldwide economies.
Addressing the media at a post-Mid-Year budget review statement workshop, Director at the Ministry, Dr Alhassan Iddrisu said the modest 0.9% growth the economy will see in 2021 is better than a lot of other economies which are recording negative growth rate.
"If you compare our GDP [Gross Domestic Product] performance despite the impact of Covid-19, I think we will do better than others," he said.
In June 2020 the International Monetary Fund (IMF) projected the global growth at –4.9 per cent adding that the Covid-19 had more negative impact on activity in the first half of 2020 than anticipated hence, the recovery is projected to be more gradual.
Dr Iddrisu further noted that government is implemneting policies to mitigate the harsh effects of Covid-19 on the livelihoods of citizens.
But debating the Mid-year Budget, the Minority in Parliament said it will not accept the document since the figures do not reflect the true picture of the country's finances.
Latest Stories
-
5 traits of sweet, committed men that may seem like red flags at first
1 hour -
We met on Twitter and our first date was a week-long road trip
1 hour -
The biggest mistake people make when meeting someone in person after talking online
1 hour -
I traveled 500 miles for a first date
1 hour -
My cousin saved my life and she never knew
2 hours -
Top UN court orders Israel to allow food and medical aid into Gaza
2 hours -
Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
2 hours -
The architecture we have used to tackle housing deficit has not been robust enough – Oppong Nkrumah
2 hours -
Government suspends implementation of price Stabilisation and Recovery levy on petroleum products
3 hours -
Takoradi traders lament over low sales ahead of Easter
4 hours -
I’ve served Effia constituency well – Joseph Cudjoe
5 hours -
Michael Ampadu: One Student, One Tablet initiative will shape the future of education and innovation
5 hours -
I will partner you for development – Alan tells TUC
5 hours -
Malnutrition, anemia remain concern to UNICEF
5 hours -
Kasoa shrinking penis: Court remands Electrician over false alarm
5 hours