Question

In: Economics

“In the wake of the Covid-19 pandemic, the death rate of Ghana has surged. There is...

“In the wake of the Covid-19 pandemic, the death rate of Ghana has surged. There is therefore, no need for the country to spend its resources to curb population growth when there are other important developmental challenges to be tackled” (Adam & Ngaaso, 2020). In five (5) ways, examine the validity of this statement.

Solutions

Expert Solution

due to Covid-19 pandemic,there is a challenge towards government to ensure the supply of essential item,proper medical facility,public awareness concerned with the pandemic.we can justify the statement's validity by understanding following points.

  1. HUMAN RESOURCE-currently healthy human resource is the main component for the economic growth and sustainability therefore the planning concerned with population planning must be ceased.because the investments in the human resources are being proved to be the most suitable investment it means that doctors,medical workers are helping to control and combat situation and due to increasing death rate there would be requirement of manpower in the near future.
  2. BASIS OF DEVELOPMENT WORK-if there would be shortage of labor supply in the economy,then it would created hurdles for the development of economy.therefore instead of curtailing the level of population growth investment in human resource should be made.
  3. EFFECTIVE USE OF RESOURCES-to make the optimum use of resources manpower is very necessary.therefore instead of controlling the population growth funds should be spent to increase the efficiency of the resource so near future it would help for economic development.
  4. POPULATION IS REQUIRED FOR THE SURVIVAL OF ECONOMY-if there is lack of adequate human resources in the economy then the resources of the country would remain unutilized and get wasted.planning should be made for the post corona period to attain the economy stability.
  5. SECURENESS OF FUND FOR ALTERNATIVE USES-the spending concerned with the population control should be spent on the essential activity like medical field,employment generation scheme,incentives to producers because they would be adversely impacted due to covid-19 and lockdown effect.

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