Ghana overhauls healthcare system boosting institutional sector amid weak economic outlook

The recent announcement by the President of Ghana to improve the country's healthcare system gave a boost to medical infrastructure and construction amid the ongoing Covid-19 pandemic.

Addressing the country as she recently announced plans to build more than 90 hospitals, Ghanaian President Nana Akufo-Addo said the Covid-19 pandemic had exposed weaknesses in the system stemming from years of underinvestment in the healthcare construction projects market sector. The president outlined plans to build 88 district hospitals, six regional hospitals and three infectious disease centers in coastal, central and northern Ghana.

According to the World Health Organization (WHO), there are about nine hospitals for every 10,000 Ghanaians. If the president's plan succeeds, it will provide a significant boost to the country's medical infrastructure, attract investment into the sector and create jobs.

There has been criticism of how the government will fund its plans amid a global economic slowdown and the country's weak economic outlook for 2020. The government intends to submit a detailed proposal for the plan to the DPR in July 2020.

For more regional insights, download a free report sample

Meanwhile, the World Bank is supporting Ghana with $100 million to help the country cope with the pandemic. This funding package includes $35 million in emergency assistance to help the country implement a better response system by helping the country prevent the Covid-19 pandemic through the Emergency Preparedness and Response Project in Ghana (EPRP). , to recognize and respond to them.

In addition to emergency facilities, a US$65 million emergency component was generated through the Greater Accra Sustainable and Integrated Development (GARID) project. This emergency funding will support essential activities such as laboratory equipment and chemicals, basic medical equipment and supplies including test kits and personal protective equipment.

Ghana has now extended its ban on gatherings by another two weeks. Schools remain closed and state borders remain closed to prevent the spread of the new virus. Despite the potential for new oil discoveries and mining growth, the country's GDP growth will drop to 1.5% in 2020 due to the Covid-19 outbreak, but will slow to 5.9% in 2021 according to the latest IMF update (April 2020).% recover. GlobalData has revised down its forecast for real growth in the country's construction sector to 0.5% in 2020 and 3% in 2021.

The medium-term outlook for this sector looks positive, supported by infrastructure investment, industrialization projects under the Government of Ghana Beyond Aid program, a relatively advanced automotive industry and developments in the oil and gas sector.

Oil and gas production from the Tweneboa-Enyenra-Ntomme (TEN) and Sankofa fields continues to grow and production from the Jubilee oil field is increasing (currently due to operational difficulties, production from both oil fields will decline in 2020). The bureaucracy has delayed the development of the Kemiri oil field by Aker Energy, a Norwegian company, but production is expected to start in late 2021 or early 2022.

Comments

Post a Comment

Popular posts from this blog

ETView wins Chinese approval for VivaSight-SL airway management device

The Chinese State Food and Drug Organization (SFDA) ihas cleared the pre-marketing warning application for ETView Clinical's VivaSight-SL airway management devices market . The gadget, which is remembered for the organization's protected VivaSight airway management portfolio, is a solitary utilize expendable single lumen ventilation tube with a coordinated constant high goal video imaging framework, for use in lung separation systems like thoracic, cardiovascular, vascular or esophageal medical procedures. The organization, which expects extra pre-market administrative clearances during 2013, said the gadget will be dispersed all through China by Sinopharm. ETView President Bill Edelman said the organization expects huge clinical interest where the item is cleared for business circulation. "With our line of VivaSight items accessible in the US, South America, Europe and presently China, ETView offers a total airway management answer for 100 percent of lung-confinement medi...
Read more

MRI-based imaging technology avoids contrast agents

A research group at Purdue College in the US has fostered another scientific imaging innovation that eliminates the requirement for contrast agents to recognize and screen cerebral vascular issues and injuries in the brain. The new methodology depends on practical X-ray and searches for an intrinsic blood-related X-ray signal, which is utilized as a characteristic biomarker to follow blood stream in a patient. Cerebral course time is the defer that happens during the movement of intrinsic signs from the internal carotid supply route to the internal jugular vein. A drawn out time delay is seen as blood stream unsettling influence in the brain, possibly because of a cancer, horrendous brain injury or other brain illnesses. Purdue College Weldon School of Biomedical Engineering colleague teacher Yunjie Tong said: "We can think about the sign from symmetric supply routes and veins in the two halves of the globe or neck to survey the cerebrovascular integrity or the equilibrium of bloo...
Read more

Shiner to Supply Food Packaging to China

 Hostile to duplicating packaging provider Shiner International has marked an agreement with Chinese meat maker Shineway Group to supply covered food-safe packaging. The organization, situated in Haikou City, China, says the arrangement will contribute up to $586,000 to its covered food safe packaging deals. New food handling regulations in China have affected numerous food handling organizations, driving them to track down providers of covered materials. Shiner International is a US partnership with activities in China  Cooked Meats Packaged Market . Shiner's items incorporate enemy of fake laser holographic film, covered packaging film, recoil wrap film, normal packaging film and shading printed packaging materials.
Read more