Impact of COVID-19 on projected budget balance in Ghana 2020-2021

Before the coronavirus pandemic in Ghana, the country's projected budget balance was expected to stand at minus 3.4 percent and minus 3.3 percent in 2020 and 2021, respectively. However, under a baseline scenario, where the pandemic is assumed to subside in July 2020 and 2021, the country's budget deficit in both years was estimated at minus 6.8 percent and minus 5.6 percent, respectively. Furthermore, under a worst-case scenario of COVID-19, deflation was expected in 2020 at minus 7.3 percent and in 2021 at minus 6.3 percent.

Impact of coronavirus (COVID-19) on projected budget balance in Ghana in 2020 and 2021

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Source

Release date

July 2020

Region

Ghana

Survey time period

June 2020

Supplementary notes

The source adds the following information: "The baseline scenario assumes that the pandemic subsides in July, and the worst-case scenario, that it continues through December".

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