The Effects of COVID-19 on Business and Employment in Ghana
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Business and employment around the world are being severely impacted by COVID-19, as 345 million full-time equivalent (FTE) jobs have been lost worldwide in the third quarter of 2020 alone and 45-53 percent of MSMEs worldwide anticipate falling into debt as a result of COVID-19. IPA conducted phone interviews with 1,357 respondents in mid-May 2020, 71 percent of whom were working before the pandemic hit. This brief summarizes results from the survey on business and employment and makes recommendations for job creation and economic recovery.
November 12, 2020