The European Business Council for Africa

Africa’s coronavirus-induced economic slowdown could last at least three years, Ghana’s finance minister Ken Ofori-Atta warned this week.

This comes amid growing concerns about Africa’s economic prospects, which is expected to be pushed into its first recession in 25 years in 2020, costing up to $79bn of its GDP.

Ofori-Atta’s words are a dampener on hopes for a speedy recovery. They could also be optimistic.

As bad as the impact of the pandemic is, it’s too simple to blame it for the downward trajectory. 

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Source: Nurmara