News & Analysis: Economic impact

Ghana: Port activities see further decline as int’l trade suffers

“Activities at the country’s two major harbours, Tema and Takoradi, continue to experience a decline as trade between Ghana and other countries remain negatively affected by the coronavirus pandemic.”

via Business & Financial Times (Ghana)

Sierra Leone lifts COVID-19 curfew to ease pressure on economy

“Sierra Leone’s National Centre for COVID-19 Response yesterday announced that the government has decided with immediate effect, to lift the night time curfew imposed by the president early this year to help curb the transmission and spread of the COVID-19 virus across the country.”

via Sierra Leone Telegraph

Sanwo-Olu orders full reopening of all markets in Lagos

“The Lagos State Governor, Babajide Sanwo-Olu has approved the full reopening of all markets in the state following the flattening COVID-19 in Lagos.”

via PM News

Restrictions in trade to contain COVID-19 have been devastating for Africa’s urban poor

“In Africa, there’s a growing body of evidence showing that firms – from large to very small – have been severely affected by restrictions in the movement of goods and people. For many this means not only losing a livelihood, but a direct impact on their ability to meet basic needs.”

via The Conversation

COVID-19 and migrant remittances: Supporting this essential lifeline under threat

“Facilitating remittance flows is one of the best ways to directly support people in need, provide an economic boost to countries, and thereby quicken an international recovery.”

via Brookings Institution

How should we evaluate lockdowns? Disentangling Effectiveness, Context, and Politics

“In the early stages of the pandemic, there was significant pressure and urgency to respond. Now several months into the response, we are better equipped to assess the effectiveness and necessity of lockdowns, and to determine the most appropriate package of interventions to combat COVID-19.”

via Center for Global Development

Africa’s post-COVID-19 debt crisis is being aggravated by unreliable data and global ratings agencies

“A number of African countries have recently been contesting decisions by credit rating agencies. Some have raised objections that the rating agencies lack understanding of their economic environment.”

via Quartz Africa

Sub-Saharan Africa’s Difficult Road to Recovery

“Policymakers in sub-Saharan Africa now face the added challenge of rekindling their economies with fewer resources and more difficult choices.”

via IMF

Namibia: Gov’t in deeper debt ditch

“The review was not an additional or new budget, but a reconsideration of spending priorities and a reallocation of funds to speak to current needs following the tabling of the government’s budget for the 2020/21 financial year in May. Shiimi said the N$72,8-billion budget as presented in May was tabled amid extreme uncertainty due to the COVID-19 pandemic and when its full effect on the economy and public finances was still unknown.”

via The Namibian

Kenya: Why gradual reopening of schools might be halted

“Stakeholders are mulling a halt to the gradual reopening of schools as a second wave of coronavirus infections appears imminent. Several schools have reported cases of COVID-19 since reopening last week after seven months of closure due to the pandemic.”

via The Star