The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana
Globally, countries have resorted to social distancing, travel restrictions and economic lockdowns to reduce transmission of COVID-19. The socioeconomic costs of these blunt measures are expected to be high, especially in sub-Saharan Africa where many live hand-to-mouth and lack social safety nets....
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
European Association of Development Research and Training Institutes
2020
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/142526 |
| _version_ | 1855539969258422272 |
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| author | Amewu, Sena Asante, Seth Pauw, Karl Thurlow, James |
| author_browse | Amewu, Sena Asante, Seth Pauw, Karl Thurlow, James |
| author_facet | Amewu, Sena Asante, Seth Pauw, Karl Thurlow, James |
| author_sort | Amewu, Sena |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Globally, countries have resorted to social distancing, travel restrictions and economic lockdowns to reduce transmission of COVID-19. The socioeconomic costs of these blunt measures are expected to be high, especially in sub-Saharan Africa where many live hand-to-mouth and lack social safety nets. Social Accounting Matrix multiplier model results show that Ghana’s urban lockdown, although in force for only three weeks in April 2020, has likely caused GDP to fall by 27.9% during that period, while an additional 3.8 million Ghanaians temporarily became poor. Compared to the government’s revised GDP growth rate of 1.5% for 2020, the model predicts a contraction of 0.6 to 6.3% for 2020, depending on the speed of the recovery. The US$200 million budgeted for Ghana’s Coronavirus Alleviation Program will close only a small part of the estimated US$ 2.3 billion GDP gap between the fast recovery scenario and government’s revised GDP trajectory. |
| format | Journal Article |
| id | CGSpace142526 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | European Association of Development Research and Training Institutes |
| publisherStr | European Association of Development Research and Training Institutes |
| record_format | dspace |
| spelling | CGSpace1425262025-03-24T19:56:13Z The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana Amewu, Sena Asante, Seth Pauw, Karl Thurlow, James costs models non-pharmaceutical interventions covid-19 Globally, countries have resorted to social distancing, travel restrictions and economic lockdowns to reduce transmission of COVID-19. The socioeconomic costs of these blunt measures are expected to be high, especially in sub-Saharan Africa where many live hand-to-mouth and lack social safety nets. Social Accounting Matrix multiplier model results show that Ghana’s urban lockdown, although in force for only three weeks in April 2020, has likely caused GDP to fall by 27.9% during that period, while an additional 3.8 million Ghanaians temporarily became poor. Compared to the government’s revised GDP growth rate of 1.5% for 2020, the model predicts a contraction of 0.6 to 6.3% for 2020, depending on the speed of the recovery. The US$200 million budgeted for Ghana’s Coronavirus Alleviation Program will close only a small part of the estimated US$ 2.3 billion GDP gap between the fast recovery scenario and government’s revised GDP trajectory. 2020-11-01 2024-05-22T12:10:37Z 2024-05-22T12:10:37Z Journal Article https://hdl.handle.net/10568/142526 en https://doi.org/10.2499/p15738coll2.133846 https://doi.org/10.2499/p15738coll2.133788 https://doi.org/10.2499/p15738coll2.133778 https://doi.org/10.2499/p15738coll2.134273 https://doi.org/10.2499/p15738coll2.134446 Open Access European Association of Development Research and Training Institutes Amewu, Sena; Asante, Seth; Pauw, Karl; and Thurlow, James. 2020. The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana. European Journal of Development Research 32(5): 1353–1378. https://doi.org/10.1057/s41287-020-00332-6 |
| spellingShingle | costs models non-pharmaceutical interventions covid-19 Amewu, Sena Asante, Seth Pauw, Karl Thurlow, James The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana |
| title | The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana |
| title_full | The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana |
| title_fullStr | The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana |
| title_full_unstemmed | The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana |
| title_short | The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana |
| title_sort | economic costs of covid 19 in sub saharan africa insights from a simulation exercise for ghana |
| topic | costs models non-pharmaceutical interventions covid-19 |
| url | https://hdl.handle.net/10568/142526 |
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