Coronavirus likely to force Ghanas economy into recession Prof Quartey MyJoyOnline.com [Video]

Director for Institute of Statistical, Social and Economic Research (ISSER), Prof Peter Quartey, has said Ghana is likely to suffer a severe recession if the coronavirus pandemic persists.

He made these comments on the back of projections the globe may seeing its worst economic downturn in a long time.

Head of the International Monetary Fund (IMF) Kristalina Georgieva said the world faced the worst economic crisis since the Great Depression of the 1930s.

The IMF has warned that the coronavirus pandemic will turn global economic growth “sharply negative”.

The World Bank has also projected that a recession is coming to sub-Saharan African for the first time in 25 years, due to an economic downturn caused by the coronavirus pandemic.

Many financial experts have also made similar forecasts about many economic powerhouses who, despite the triggering of huge …