Ghana lost about GH¢200 million in sales in 2020 due to COVID-19 – Study – Citi Business News
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Ghana lost about GH¢200 million in sales in 2020 due to COVID-19 – Study – Citi Business News


Summary short_text

Ghana recorded about GH¢200 million dip in sales, representing 61 percent from May to September 2020 as a result of COVID-19, a joint study conducted by the UNDP, World Bank and Ghana Statistical Service and a business tracker study has revealed.

Professor Kwesi Amponsah-Tawiah, from the University of Ghana Business School, made this known, during the 2021 Safety Awareness Day, held in Accra.

Prof. Amponsah-Tawiah said the study showed that about 28 percent of business establishments reduced wages for 10 percent of their workforce in August/September, translating to wage reduction for an estimated 297,088 workers.


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