Covidnomics: 2021 Mid-Year Budget Review- Never Too Late To Be Done

Introduction

While the covid-19 pandemic continues to ravage the world, distort economic principles, create divergence in capital growth, ruin the lives of people and cause a steady global recovery from fiscal and monetary space, it is imperative that countries continue to implement sustainable and renewable measures that will propel economic and societal growth as well as combat the spread of covid-19 pandemic.

At this crucial moment when the world is working tirelessly to get the world vaccinated, it is important to acknowledge the relentless efforts nations have put together to produce the covid- 19 vaccines.

Meanwhile, Ghana became the first country globally to receive vaccine shipment from the covax facility – a global initiative trying to ensure equitable access to covid-19 vaccines when 600,000 Oxford-AstraZeneca vaccine doses were delivered in February, 2021.

The initial plan adopted by the country was to vaccinate 20-million residents, i.e. about two- third of the population, by the end of October 2021. However, like many other countries in the world, this strategy has faced challenges.