Ghana’s economy has, for the first time in nearly four decades, experienced a recession for consecutively two quarters of 2020.
According to provisional GDP figures by the Ghana Statistical Service (GSS), the economy suffered a contraction as a result of the adverse impact of the coronavirus pandemic and its associated effect on growth.
The figures also showed that Ghana’s economy further contracted again in the third quarter of 2020 by 1.1 percent from a previous -3.2 percent recorded in the second quarter of this year.
This meant an economic recession which broke a 37-year long growth cycle.
The GSS on its part explained the third quarter contraction is also accredited to the novel coronavirus pandemic’s impact on some key growth sectors.
The sectors, which are namely the hospitality sector suffered a growth contraction of 62.1 percent which was then followed by the mining and quarrying sector, which also witnessed a contraction of 16.9 percent.
The last time Ghana’s economy suffered a recession was in the year 1983 which was at the time largely characterised by political instability, famine and economic unrests.
Meanwhile, Ghana’s Finance Minister, Ken Ofori-Atta told Parliament on October this year that economic growth for Ghana is projected to rebound strongly at 5.7 percent in 2021.
Also, the International Monetary Fund (IMF) has projected global growth for 2020 to be at 4.4 percent while that of 2021 is projected at 5.2 percent.
This follows a contraction in 2020 due to the coronavirus pandemic with recovery prospects in sight for 2021, making the level of global GDP in 2021 expected to be a modest 0.6 percent above that of 2019.
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betturkey
Cảm ơn tác giả đã chia sẻ những kiến thức quý giá. Tôi mong chờ bài viết tiếp theo!
Bài viết này thật sự rất hay và bổ ích! Tôi đã học được rất nhiều điều mới từ những chia sẻ của bạn. Cách bạn trình bày rõ ràng và dễ hiểu, giúp tôi nắm bắt thông tin một cách nhanh chóng.
The detail in this piece is commendable.
Vergi hukuku sadece uyuşmazlıklar ortaya çıktığında değil, aynı zamanda önleyici hizmetler açısından da büyük önem taşır. İstanbul’da faaliyet gösteren şirketler için vergi planlaması, mali yapının sürdürülebilirliği açısından kritik rol oynar. Bu süreçte İstanbul vergi avukatı, şirketin faaliyet alanına ve mali yapısına uygun vergi stratejileri geliştirerek vergi yükünü azaltmayı hedefler. Doğru bir planlama sayesinde hem yasalara uygun hareket edilir hem de gereksiz vergi ödemelerinin önüne geçilir. Özellikle kurumsal şirketlerde, mali müşavirlerle birlikte çalışan vergi avukatları, şirketin finansal süreçlerini hukuki açıdan güvence altına alır. Transfer fiyatlandırması, örtülü sermaye kullanımı, iştirak kazançlarının vergilendirilmesi gibi teknik konular da bu planlamanın bir parçasıdır. Ayrıca, İstanbul’da sıkça karşılaşılan durumlar arasında yabancı yatırımcıların Türkiye’de şirket kurması ve bu şirketlerin vergi yükümlülüklerinin belirlenmesi yer alır. Bu noktada, hem uluslararası vergi anlaşmalarına hem de yerel mevzuata hâkim bir vergi avukatıyla çalışmak büyük avantaj sağlar. İstanbul vergi avukatları, şirketlerin karşılaşabileceği her türlü vergi riskini öngörerek önleyici hukuk desteği sunar. Bu sayede şirketler, sürpriz vergi cezalarıyla karşılaşmadan faaliyetlerini sürdürebilir.