Ghana’s economy has been growing at the rate of 5% since the early 1990s. The formal economy currently plays a small part in the employment sector with more numbers being identified in employed workers of the informal economy. One of the reasons for this could be the lack of laws to support the lower income & less skilled/educated workforce. The implication is that the majority of workers in Ghana are not protected and the number is increasing due to the rapid rate at which employment is being informalised.
Over the past 4 years Ghana has shown steady growth with only a few minor set backs from time to time. Though it is a massive concern Globally to understand how the world will recover economically from the COVID19 coronavirus pandemic, one might also what happens specifically to 3rd world & developing African countries .
Ghana is noted to be the first African country that lifted the coronavirus lock down ban on the 20th of April 2020. President Akufo-Addo addressed the nation by stating that his decision was based on the fact that the testing had improved and that Ghana is now able to undertake aggressive contact tracing of infected persons.
Another reason Ghana is lifting its virus lockdown is the vulnerability of the country’s poor during these times. Their inability to move around and earn an income, the lockdown highly affects the nation’s less privileged citizens.
South Africa held the highest number of coronavirus testings at 73000 while Ghana came in second with a number of 37000 people tested for the virus. Whats interesting to note is that the country opens itself to new technology such as delivery drones from US-based startup Zipline to enable it to test people more quickly outside major cities for the novel coronavirus.
Most of leadership decisions being made in Ghana throughout the years and currently have been wise to constantly improve the state of the nation. While the country’s population still battles with poverty and inequality, Ghana has proven itself as a fast growing giant among Africa’s top competitors.