COVID-19 Transparency & Accountability Project Country Trends and Updates
Due to the pandemic, Ghana has revised its growth projections from 6.8 per cent to 0.9 per cent. The non-oil economy growth 3 was also reviewed downwards from 6.7 per cent to 1.6 per cent. IMF projects that Cameroon’s economy is expected to fall by -5.2% in 2020. In the Revised Finance Act (LFR) 2020, budgetary revenues are expected to fall by 11%. In Kenya, the pandemic’s impact was felt in Q2 2020 as its GDP contracted by 5.7% on a y-o-y basis. With the suspension of global travel and global trade contraction, Kenya’s tourism sector faced a setback In Liberia, Private sector confidence has remained weak in Liberia and growth has been projected at -2.5% for 2020.