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
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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AfDB. (July 7, 2020). Impact of coronavirus (COVID-19) on projected budget balance in Ghana in 2020 and 2021 [Graph]. In Statista. Retrieved November 17, 2024, 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 November 17, 2024. 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: November 17, 2024. 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 November 17, 2024)
Impact of coronavirus (COVID-19) on projected budget balance in Ghana in 2020 and 2021 [Graph], AfDB, July 7, 2020. [Online]. Available: https://www.statista.com/statistics/1193467/impact-of-covid-19-on-projected-budget-balance-in-ghana/
