Residents of most African countries have been whining of low pay rates for quite a while, while some who don’t have any appropriate job doing also procure practically nothing. Ghana is no different as seven (7) million of it’s residents earn below $200 in a year.
Speaking at the launch of the GHS 600 million COVID-19 Alleviation Program which would be regulated by the National Board for Small Scale Industries (NBSSI), the Finance Minister of Ghana, Mr. Ken Ofori Atta stated, 83.6% of Ghanaians additionally don’t have genuine investment funds and are helpless against monetary hardships in case of emergencies, like the COVID-19 pandemic.
It is an exceptionally stressing circumstance as 83.6% of Ghanaians don’t have any reserve funds of their own in the events like this period of disease.
Age-wise, individuals between the ages of 15 to 34 don’t have any economic earning potential, and about 59% of them are in this classification, while 39% are somewhere in the range of 35 and 64.
Ghana’s establishments under the medium scale enterprises, is 1.46%; the independent companies being 18.3% and the miniaturized scale is 79.7%.
Ghana has in this way, established a team to additionally chip away at the recuperation, adjustment and revitalisation program which will focus on industry and assembling to spike development and limit work misfortunes, just as to guarantee that the post-COVID-19 recuperation is at a quicker pace.
Because of this, the government of Ghana is setting up a Development Bank of Ghana to turn into a basic piece of the post-COVID-19 technique in fast industrialisation and horticultural modernisation to transform Ghana into a regional hub.