The coronavirus (COVID-19) pandemic was expected to affect Ghana's current account in 2020 and 2021. Under a worst-case scenario, where the pandemic persisted through December 2020, the current account deficit for the same year was projected to reach minus 4.1 percent of the GDP. Comparatively, the account outlook before coronavirus was at minus 4 percent of the GDP for the year 2020 and at minus 4.4 percent for 2021. Furthermore, the account balance deficit was revised at minus 3.6 percent of GDP for 2020 and at minus 3.2 of GDP for 2021, considering the impact of the virus under a baseline scenario.
Impact of coronavirus (COVID-19) on projected current account 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 current account balance in Ghana in 2020 and 2021 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1193470/covid-19-impact-on-projected-account-balance-in-ghana/
AfDB. "Impact of coronavirus (COVID-19) on projected current account balance in Ghana in 2020 and 2021." Chart. July 7, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1193470/covid-19-impact-on-projected-account-balance-in-ghana/
AfDB. (2020). Impact of coronavirus (COVID-19) on projected current account balance in Ghana in 2020 and 2021. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1193470/covid-19-impact-on-projected-account-balance-in-ghana/
AfDB. "Impact of Coronavirus (Covid-19) on Projected Current Account Balance in Ghana in 2020 and 2021." Statista, Statista Inc., 7 Jul 2020, https://www.statista.com/statistics/1193470/covid-19-impact-on-projected-account-balance-in-ghana/
AfDB, Impact of coronavirus (COVID-19) on projected current account balance in Ghana in 2020 and 2021 Statista, https://www.statista.com/statistics/1193470/covid-19-impact-on-projected-account-balance-in-ghana/ (last visited December 22, 2024)
Impact of coronavirus (COVID-19) on projected current account balance in Ghana in 2020 and 2021 [Graph], AfDB, July 7, 2020. [Online]. Available: https://www.statista.com/statistics/1193470/covid-19-impact-on-projected-account-balance-in-ghana/
