• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Economic considerations informed decision to lift lockdown in Ghana- Professor Gatsi

21/04/2020
Reading Time: 3 mins read
lift lockdown

Professor John Gats, Dean of UCC's Business School

405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Dean of the University of Cape Coast Business School, Professor John Gatsi, says the decision of government to lift lockdown, imposed as a result of the outbreak of the Coronavirus in Ghana, is largely born out of Economic considerations.

He adds that the explanation given by the government to the effect that the lockdown was lifted based on some medical consideration could not be entirely true, considering the reasons that called for the restrictions in the first place.

“The lockdown was necessitated by how the virus was spreading domestically and that has been enhanced right now [the spread of the virus], therefore if you are putting forth some data, that data process must be transparent so that all like-minded people can follow through. But as it is now, we are not following through. We are only being told and that where the problem is”, he explained.

Prof. Gatsi said this while commenting on the lifting of the lockdown on the ‘Business Focus’ show on TV3, which was monitored by the Ghana Talks Business, on Monday, April 20, 2020.

Presidential address

On Sunday, President Nana Akufo-Addo, in a national address to update the citizenry on the fight against the Covid-19, lifted the lockdown which was imposed on Accra, Tema, Kasoa and Kumasi to prevent a further spread of novel coronavirus disease outbreak in the country.

The president said the lifting of the lockdown was “in view of our ability to undertake aggressive contact tracing of infected persons”.

The enhancement of testing capacity, increased local production of PPEs and the impact on the poor and vulnerable, among others, the President said, formed the basis for the review of the decision.

“Lifting these restrictions does not mean we are letting our guard down.”

But the announcement has since been met with a mixed reaction.

For instance, the Secretary-General of the Trades Union Congress, Dr. Anthony Yaw Baah, in a meeting called at the behest of President Akuffo-Addo, yesterday, thanked the President for lifting the three weeks partial lockdown in parts of the country.

He says “we think it is the right thing to do, given the dire economic consequences of prolonged restriction.”

Prof. Gatsi says while he acknowledged that a combination of other factors may have informed the decision to lift the lockdown, he however believes that the restriction was eased to simply to salvage the economy.

“Balance of two evils”

Meanwhile, a Tax Consultant, Mr Joshua Bamfo, while also contributing to the discussion from his base in Nigeria, says the decision to lift the lockdown was spot on.

He adds that all countries in world today, battling with the novel coronavirus, are taking actions based on their peculiar challenges and needs and that President Akuffo-Addo has had to do what he described as “balance of two evils”, taking into consideration the health and economic implication of the restriction, to arrive at the decision to ease the restriction.

Previous Post

Ghana- Quarter1 Review and 2020 Outlook

Next Post

Experts suggest criteria for disbursement of GH₵600m stimulus package in Ghana

Related Posts

local face mask production

GH¢300m expected from local face mask production

02/07/2020
Food crises in Ghana, ghanatalksbusiness.com

Take steps to mitigate possible food crises in Ghana

30/05/2020
Ghana, www.ghanatalksbusiness.com

Covid-19 interventions; laudable initiatives but poorly implemented – Economic Experts

30/05/2020
Travel and Tours sector

Tourism sector troubles amidst Covid-19; a Ghanaian player tells his story

26/05/2020
Nkosuo program

Government reduces Interest rate on stimulus package for SMEs to 3%

21/05/2020
covid-19 recession, ghanatalksbusiness.com

Covid-19 pandemic to push 60 million people into extreme poverty-World Bank

21/05/2020
Next Post
GH₵600m stimulus package

Experts suggest criteria for disbursement of GH₵600m stimulus package in Ghana

BoG abolishes unfair fees

Payment of dividends to shareholders of banks and SDIs suspended- Bank of Ghana

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In