A new COVID-19 Business Tracker survey conducted by the Ghana Statistical Service (GSS), in partnership with UNDP and the World Bank, has revealed that COVID-19 shocks on businesses in Ghana forced a reduction in wages of about 770,000 workers in Ghana.
Speaking a press briefing here in Accra, Government Statistician, Prof Samuel Kobina Anim hinted that the business community continues to struggle despite key interventions implemented by the government to absorb the shocks associated with the pandemic.
A total of 42,000 workers also lost their jobs during the partial lockdown enforced by the government between March 30, 2020 and April 20, 2020.
The survey further revealed that 476000 businesses experienced a decline in demand for goods and services.
According to Government statistician, Prof Samuel Kobina Anim, this can be attributed to the wider effect of the partial lockdown on consumer spending. According to the survey, food and accommodation sub-sector recorded the highest decline in sales amounting to 57%. This was followed closely by a 35% dip in the Trade sub-sector.
The survey also revealed that 90% of Ghanaian businesses failed to leverage digital solutions/internet during the pandemic. Prof Samuel Kobina Anim stressed on the need to intensify awareness on government’s interventions for businesses against COVID-19.
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Pierre Laporte stated that the survey shows how deeply Ghana’s private sector has suffered as a result of the pandemic. He also reiterated the World Bank’s commitment to helping Ghana navigate the hardships of the COVID-19 pandemic
The Business Tracker survey was conducted between May 26 and June 17 among 4311 business establishments and household firms.