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Over 85,000 businesses still closed down due to COVID-19 – GSS

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A report by the Ghana Statistical Service has revealed that over 85,000 businesses in Ghana are still closed down due to the COVID-19 Pandemic.

The report was stated in the COVID-19 Rapid Surveys Business Tracker Highlights by the Ghana Statistical Service.

The report further revealed that, 115,000 businesses have been closed down permanently or temporarily within the country.

The tracker also showed that, over 45,000 workers have lost their jobs during the partial lockdown with those in the Accommodation and food sector being hit badly.

It also said, more than half a million workers had their wages reduced while some agreed to a pay cut.

Despite some relief granted businesses by government with the ¢600 million stimulus package, close to 131,000 businesses revealed they still had challenges accessing finance with over 60 per cent calling for subsidized interest rates.

The sample for the research was extracted from the Ghana Business Register, Non-farm establishments from Ghana Living Standards Survey and National Board for SMALL Scale Industries.

Data was collected in between May 26 to June 17, 2020, with a targeted sample size of 4,248 businesses.

Paa Kweku Eshun|Talksafrica.com

Written by EDITORIAL STAFF

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