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Impact of COVID-19 on economy is obvious- Economist

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An Economist at the University of Ghana, Legon, Dr. Lord Mensah says the economic impact of COVID-19 on the economy is obvious.

He however said because Accra contributes the largest to the GDP, we should know that we are forfeiting such benefits but it is better than a quantum loss of human capital to the State.

On the attempt to use the stabilisation fund, Dr. Mensah said that is the purpose to cushion a shortfall but he disagrees with government touching the Heritage Fund to fight the pandemic.

He asked government to tread, cautiously in jumping to dip its hands into the Heritage Fund because the situation would change by next week when the International Donor Partners would come out with their support packages.

Dr. Mensah said COVID-19 has brought in its wake lessons for government to support industries and the manufacturing sectors to perform profitably.

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