Time needed for banks to return to normal business after COVID-19 in Ghana 2020
In 2020, most financial institutions (32 percent) in Ghana revealed that they would be able to return to business as usual in the two years following or beyond. This was reported in a survey conducted during the coronavirus (COVID-19) post crisis phase after March 2020, which assessed the impact of the pandemic on banks in Ghana. Close to this share (31 percent) were those banks that stated that they would return to normal business in a year. Furthermore, 25 percent of the surveyed entities offering financial services said that they would bounce back to business immediately. Overall, the source finds that the COVID-19 outbreak significantly affected bank credit operations.