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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AfDB. (July 7, 2020). Impact of coronavirus (COVID-19) on projected budget balance in Ghana in 2020 and 2021 [Graph]. In Statista. Retrieved March 03, 2021, from https://www.statista.com/statistics/1193467/impact-of-covid-19-on-projected-budget-balance-in-ghana/
AfDB. "Impact of coronavirus (COVID-19) on projected budget balance in Ghana in 2020 and 2021." Chart. July 7, 2020. Statista. Accessed March 03, 2021. https://www.statista.com/statistics/1193467/impact-of-covid-19-on-projected-budget-balance-in-ghana/
AfDB. (2020). Impact of coronavirus (COVID-19) on projected budget balance in Ghana in 2020 and 2021. Statista. Statista Inc.. Accessed: March 03, 2021. https://www.statista.com/statistics/1193467/impact-of-covid-19-on-projected-budget-balance-in-ghana/
AfDB. "Impact of Coronavirus (Covid-19) on Projected Budget Balance in Ghana in 2020 and 2021." Statista, Statista Inc., 7 Jul 2020, https://www.statista.com/statistics/1193467/impact-of-covid-19-on-projected-budget-balance-in-ghana/
AfDB, Impact of coronavirus (COVID-19) on projected budget balance in Ghana in 2020 and 2021 Statista, https://www.statista.com/statistics/1193467/impact-of-covid-19-on-projected-budget-balance-in-ghana/ (last visited March 03, 2021)