The Economist Intelligence Unit (EIU) has hailed government’s industrialisation drive under its flagship One District One Factory intiative and the banking sector clean up.
However, it remains hopeful that should its prediction that President Akufo-Addo will be re-elected come to pass, the government will breath more life into the industrialisation drive which will serve as a catalyst for the strengthening of the economy.
Coronavirus impact on global economy
“We forecast that global output will contract by 4.8% year on year in 2020 and that global trade will decline by 22.6%. Global GDP will not recover to pre-coronavirus levels before at least 2022; 2020 and 2021 will be lost years for growth.”