GEA wants government to develop Economic Response Strategy to Covid-19

The Ghana Employers Association has called on government to develop plans to cushion the economy in response to the Covid-19 effects on the sector.

In a notice to its members, the GEA said the government should “lead in the development and implementation of a comprehensive Economic Response Strategy (ERS) to the Covid-19 pandemic.”

“This will require the development of stabilization and stimulus packages for businesses and households to reduce the impact of the pandemic both in the crisis period and after the threat of the virus has been eliminated,” the GEA wrote.

The strategy, they say, “should comprise of fiscal and monetary plans will subsume the monetary policy measures prescribed by the Central Bank.”

These measures, among others, the GEA says would ensure “businesses do not collapse for want of working capital, among others.”

Read the statement below

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