COVID-19 has left a ‘big hole’ in country’s finances; huge revenues thrown out of the window – President Akufo-Addo

Must Read

Frontier Healthcare Services Limited boss faces corruption charges in Nigeria

Owner of the Frontier Healthcare Services Limited in Ghana and Aiteo Group of Companies in Nigeria, Benedict Peters is...

Sammy Gyamfi’s attack on Bagbin unwarranted – Ayariga

The NDC Member of Parliament for Bawku Central, Mahama Ayariga, has described the attack on the Speaker of Parliament...

GES releases timetable for KG, Primary and JHS pupils on Ghana Learning TV as lessons start today

The Ghana Education Service (GES) in collaboration with the Ghana Broadcasting Corporation (GBC), has released the virtual learning timetable...
www.abcnewsgh.comhttps://abcnewsgh.com
ABC News Ghana is an investigative media house that focuses on politics, sports and the economy. Our work is thoroughly researched, balanced and fair. Our vision is to become the most preferred indigenous news brand for men in West Africa.

President Akufo Addo has bemoaned the economic impact of the COVID-19 pandemic on the nation’s resources.

According to him, the uncertainties surrounding the disease has thrown the 2020 budget out of gear, saying the government’s plans and policies for the year have to be amended.

“The 2020 budget, which was made in November, was predicated on a 65-dollar barrel oil. Today, we now know that oil is 18, 19, 20, 21 dollars a barrel, so, even that statistics should tell you what a big hole has been created as a result.”

Speaking at the Jubilee House on Wednesday, 6 May 2020, President Akufo-Addo explained that “I think it is important that everyone in the country knows that the government is one of the biggest, if not the hardest hit by this pandemic”, adding: “We have huge parts of revenues that have gone out of the window, as a result of this pandemic”.

So far, the virus has claimed some 18 lives out of the 2,719 people infected.

 

Source: ABCNewsgh.com

Submit your stories or articles to newsroom@abcnewsgh.com or Whatsapp them to +233 553620623

- Advertisement -

Comments

Latest News

Takoradi girls’ kidnappers, killers sentenced to death

The seven-member jury presiding over the kidnapping and murder of the four Takoradi girls has recommended the death sentence...

More Articles Like This

%d bloggers like this: