The novel Coronavirus disease 2019 (COVID-19) which has become a global epidemic hit Ghana on March 12, 2020.
The shock caused by the COVID-19 pandemic has had considerable impact on Ghanaian businesses, forcing many firms to cut cost by reducing staff hours, cutting wages and in some cases laying off workers.
This is according to results from a new COVID-19 Business Tracker Survey conducted by the Ghana Statistical Service (GSS), in collaboration with the United Nations Development Programme (UNDP), and the World Bank. The results show that about 770,000 workers (25.7 per cent of the total workforce) had their wages reduced and about 42,000 employees were laid off during the country's COVID-19 partial lockdown. The pandemic also led to a reduction in working hours for close to 700,000 workers.