Ghanaian businesses reported an average 61% decline in sales since March

The Ghana Statistical Service has just released findings from their Business Tracker survey which presents some sobering statistics on the impact of the covid-19 restrictions on businesses and the labour force. 

The report estimates businesses lost GHS 115.2 million in sales since March. An estimated 770,124 had their wages reduced while an estimate 41,952 were laid off. The report also highlighted the limited access to the government's assistance for businesses with only 3.5% of firms receiving government assistance.

Three-quarters of households in Ghana experienced a decline in income after mid-March

The Ghana Statistical Service has released findings from their households and jobs tracker survey, a nationally representative telephone-based longitudinal survey of 3,265 households across the country.

The survey found that covid-19 has had a substantial impact on household incomes with the results suggesting that over 22 million Ghanaians have seen their incomes fall since March. The findings also reveal that majority of respondents were understandably concerned about the impact of covid-19.

We will continue to explore the findings in further detail. In the meantime, read more in the household and job survey report here.

World Youth Skills Day

July 15 is World Youth Skills Day. The day is meant to raise awareness on the importance of equipping young people with the skills for employment. 

The covid-19 pandemic has negatively impacted the skills development of youth all over the world. UNESCO estimates that almost 70% of the world's learners at all levels have been affected by school closures.

Labour Day and COVID-19

As the world commemorates Labour Day today, we discuss the impact of COVID-19 on the informal segments of the economy.