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In: Economics
Question Two (20 Marks) The President of Ghana launched the COVID-19 business alleviation program in collaboration...
Question Two The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board for Small Scale Industries (NBSSI), Trade Associations, and some selected banks. Under the program, the government is giving funds without interest to selected financial institutions for onward lending to businesses at a 3% interest. The program is aimed at helping beneficiaries to sustain their businesses during the Covid-19 pandemic. Use this information to answer the following questions.
a. Explain in your own words, the monetary policy tool being used by the government under this program. [Maximum of half a page]
b. If the government had pegged the interest rate under the program at the monetary policy rate, will this have been a better way of setting the rate? Explain the advantages and disadvantages of each scenario. [Not more than one-page]
c. Explain the expected impact of the low-interest rate program on the gross domestic product (GDP), articulating the possible pathways. [Not more than one-page]
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Rahul Sunny answered 2 years agoRelated Solutions
The President of Ghana launched the COVID-19 business alleviation program in the collaboration with the National...
The President of Ghana launched the COVID-19 business
alleviation program in the collaboration with the National Board
for Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institution for onward
lending to businesses at a rate a 3% interest. The program is aimed
at helping beneficiaries to sustain their business during COVID-19
pandemic. Use this information to answer the following
questions.
a) Explain in your own...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small scale industries, Trade associations and some banks. Under
the programme the government is giving funds without interest to
selected financial institutions for onward lending t businesses at
a 3% interest. The program is aimed at helping beneficiaries to
sustain their businesses during the COVID-19 pandemic.
a) Explain in your own words the monetary policy tool being used
by the government under this...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the...
The Senator of USA launched the COVID-19 business alleviation program in collaboration with the Small Scale...
The Senator of USA
launched the COVID-19 business alleviation program in collaboration
with the Small Scale Business, Trade Associations, and some
selected banks. Under the program, tthe senator is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
Explain in your own words, the monetary policy tool being used...
QUESTION THREE Ghana recorded its first Covid-19 case in March, 2020. The outbreak of the Covid-19...
QUESTION THREE
Ghana recorded its first Covid-19 case in March, 2020. The outbreak
of the Covid-19 Pandemic in Ghana has affected the various sectors
of the Ghanaian economy in many ways. The Government of Ghana has
requested the businesses in the industry your business operates to
submit a business plan for financial support.
Required:
Describe the elements of a solid business plan you will submit to
Government of Ghana.
Question 3. (20 marks) With COVID-19 causing havoc in countries all over Europe and the Americas,...
Question 3.
With COVID-19 causing havoc in countries all over Europe and the
Americas, there had been a dramatic slow down in manufacturer
orders from these countries in China. Many factories in the
Dongguan corridor have been closed since Chinese New Year. Even
factories that were opened were laying idle with minimum workers.
With no income from their factory jobs, many female workers
resorted to sell cosmetics in person and on Douyin.
An investment fund noticed this trend, did further...
The President of Ghana, Nana Addo Dankwa Akufo-Addo, has been at the forefront of Ghana’s COVID-19...
The
President of Ghana, Nana Addo Dankwa Akufo-Addo, has been at the
forefront of Ghana’s COVID-19 battle. Identify and explain how he
has used the central and peripheral routes to persuasion in his
presidential addresses to the nation
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