FINANCIAL ASPECTS OF COVID-19 IMPACT ON THE ECONOMICS OF REPUBLIC OF GHANA

Анотація

The purpose of this article is to study existing and emerging trends in financial aspects of the impact of COVID-19 on the economic development of Ghana, which have a significant impact on the national economy of the country. The article examines the costs associated with the coronavirus which have significantly contributed to the increase in government spending. The COVID-19 pandemic has significantly shifted the government's attention from standard regular infrastructure spending to a special fiscal policy that tends to revive the economy. The impact of COVID-19 on various spheres of social and economic development of the Republic of Ghana is gradually being considered. It is noted that the decline in economic activity threatens the economic well-being of citizens and business activity of institutions, organizations, enterprises of various sectors of the economy. The degree of response of state authorities to the solution of the problem related to the pandemic situation was also studied in the article.

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