THE CORONA VIRUS AND THE ECONOMY IN GHANA

THE CORONA VIRUS AND THE ECONOMY IN GHANA
PEOPLE TALK MUCH ABOUT THE EFFECT THE CORONA VIRUS WILL HAVE ON THE ECONOMY IN GHANA. AS UNDERSTANDABLE THIS DISCUSSION MIGHT BE, IS IT REALLY NECESSARY/ AND MORE IMPORTANTLY, WILL THIS DISCUSSION CHANGE ANYTHING?

IT IS TRUE THAT THE PANDEMIC HAS A STRONG EFFECT ON ECONOMIES WORLDWIDE. COMMODITIES, INCLUDED COCOA, HAVE GONE DOWN. OIL PRICES PLUNGED, AND STILL PLUNGE, IN RECORD SPEED. EVEN, THE GOLD PRICE HAS GONE SOUTHWARDS IN RECENT DAYS, THIS IS AGAINST ALL EXPERIENCE WE HAVE FROM OTHER CRISES. THEREFORE, ALL THAT SHOWS THAT THE CURRENT HEALTH CRISIS HAS AN IMPACT ON ECONOMIC DEVELOPMENT WORLD WIDE. BUT, CAN WE CHANGE THAT?

YES, WE CAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BUT NOT BY DISCUSSING PERMANENTLY HOW THE CORONA VIRUS AFFECTS THE ECONOMY IN GHANA. WE CAN ONLY CHANGE THE IMPACT OF THE CRISIS ON THE ECONOMY BY FIGHTING THE CRISIS ITSELF. WE DEFEAT THE CRISIS SUCCESSFULLY, THE REBOUND OF THE ECONOMY WILL COME ALMOST AUTOMATICALLY.  NEW INVESTMENTS WILL FLOW INTO ANY COUNTRY WITH A STABLE DEMOCRACY.  AFTER A BIG PLAGUE HIT GREAT BRITAIN SOME CENTURIES AGO, THE END OF IT WAS THE START OF INDUSTRIALISATION  THERE. FURTHERMORE, HISTORY GIVES OTHER EXAMPLES OF A NEW BEGINNING AFTER A CRISIS, ESPECIALLY AFTER A HEALTH CRISIS.

HERE IS WHAT THE WORLD – AND GHANA – HAS TO DO:

  1. DEVELOP A VACCINE AGAINST THE VIRUS AS SOON AS POSSIBLE.
  2. KEEP TO THE STRICT – BUT SIMPLE – INSTRUCTIONS CONCERNING HYGIENE AND SAFETY.
  3. SUPPORT YOUR NEIGHBOUR BY ADVISING HIM/HER AND STAND BY HIS/HER SIDE.
  4. DO EVERYTHING TO SUPPORT THE GOVERNMENT WITH KEEPING THE HEALTH EFFECTS OF THE VIRUS DOWN.

IF WE KEEP TO ALL OF THAT, WE WILL ALSO KEEP THE ECONOMIC EFFECTS ON OUR LIVES DOWN. STATISTICS HAVE SHOWN THAT THE PEAK OF VIRUS WILL PROBABLY BE 30-40 DAYS AFTER THE FIRST APPEARANCE.

https://www.investopedia.com/

AS A CONSEQUENCE, TRY TO KEEP THE HEALTH EFFECTS OF THE CORONA VIRUS DOWN, AND YOU WILL ALSO KEEP THE EFFECTS OF THE VIRUS ON THE ECONOMY DOWN.

AS A RESULT, DON’T TALK SO MUCH, BUT ACT. 

THE CORONA VIRUS AND THE ECONOMY IN GHANA ARE VERY MUCH ATTACHED TO EACH OTHER. BUT, THE EFFECTS DEPEND ON HOW MUCH WE DO TO FIGHT THE HEALTH CRISIS.

KEEP IN MIND: CORONA PRODUCED A HEALTH CRISIS, NOT AN ECONOMICAL ONE!

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *