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.

Economy will perform well amidst Covid-19 pandemic - Finance Ministry

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.