Finance Ministry report shows jobs and incomes were hit hard during March and April as a result of the Covid-19.
According to the Microeconomic indicator dashboard (MIND), July 2020 update produced by the Economic Development Policy and Research Department, both jobs and incomes suffered a significant monthly decline with lower cadre workers being hit hardest in March and April 2020 as a result of the coronavirus pandemic.
The policy brief notes that the payroll size for elementary workers declined by 71.3% compared to 3.5% and 25.2% for managers and professionals. Nearly nine out of every 10 households (87%) suffered a reduction in income.
The use of Agent Banking, a service popular with low-income earners significantly declined with the quarterly average value and volume of transactions falling by 27% and 28% respectively while the number of transactions reduced from a pre-COVID-19 level of seven million to five million.
Regarding environmental issues, Air pollution reduced by around 60% compared to the pre-COVID-19 morning rush-hour levels. Households and communities in 70 districts suffered flooding due to heavy rains.
Also, the cost of doing business registered mixed changes. A large share of firms suffered a rise in their cost of doing business with more than 2 out of every 5 establishments (42.7%) reporting higher than normal costs.
The Quarterly turnover at the Uganda Securities exchange also declined by 70% from 25.6bn to 2.25bn between quarter one (Jan-Mar) and quarter two(Apr-Jun 2020).
Following the outbreak of the coronavirus in the country earlier in March, the government ordered the closure of several businesses to control the spread of the virus. Close to five months now some businesses including schools, gyms, clubs among others are still facing lockdown as the government continues to revise means of how to reopen them.
For the few resumed activities, particular stakeholders have in recent weeks raised complaints of low turn up in numbers of customers. many insist that they are tasked with a mission of having to pay rent yet they go days minus earning even a single penny.
This, however, comes at a time when the coronavirus continues to surge in the country more so in areas around Kampala. The Ministry of Health Sunday confirmed 128 new cases from COVID-19 tests done on 05 September 2020 pushing Uganda’s case count to 3,667.
The Ministry also confirmed two more Covid-19 deaths from Kampala and Jinja bringing the total number of those that have since succumbed to the virus in Uganda to 41 while a total of 1,608 have since recovered.
of the new cases, 120 cases were from the contacts and alerts including 95 from Kampala, 13 from Wakiso, three from Luweero, two from Nwoya and one from each of Amuru, Jinja, Kanungu, Manafwa, Maracha, Soroti, Zombo districts.