On 24 February 2021, staff unloads the first shipment of COVID-19 vaccines distributed by the COVAX Facility at the Kotoka International Airport in Accra, Ghana's capital.
The shipment with 600 doses of the vaccine also represents the beginning of what should be the largest vaccine procurement and supply operation in history. The COVAX Facility plans to deliver close to 2 billion doses of COVID-19 vaccines this year. This is an unprecedented global effort to make sure all citizens have access to vaccines.
Anne-Claire Dufay UNICEF UNICEF Representative in Ghana and WHO country representative Francis Kasolo said in a joint statement:
After a year of disruptions due to the COVID-19 pandemic, with more than 80,700 Ghanaians getting infected with the virus and over 580 lost lives, the path to recovery for the people of Ghana can finally begin.
"This is a momentous occasion, as the arrival of the COVID-19 vaccines into Ghana is critical in bringing the pandemic to an end,"
These 600,000 COVAX vaccines are part of an initial tranche of deliveries of the AstraZeneca / Oxford vaccine licensed to the Serum Institute of India, which represent part of the first wave of COVID vaccines headed to several low and middle-income countries.
“The shipments also represent the beginning of what should be the largest vaccine procurement and supply operation in history. The COVAX Facility plans to deliver close to 2 billion doses of COVID-19 vaccines this year. This is an unprecedented global effort to make sure all citizens have access to vaccines.
“We are pleased that Ghana has become the first country to receive the COVID-19 vaccines from the COVAX Facility. We congratulate the Government of Ghana – especially the Ministry of Health, Ghana Health Service, and Ministry of Information - for its relentless efforts to protect the population. As part of the UN Country Team in Ghana, UNICEF and WHO reiterate our commitment to support the vaccination campaign and contain the spread
The improved coronavirus narrative has led to worries of premature inflationary pressures over the short term. As more vaccines gain FDA approval, and as global daily cases of COVID-19 moderate, a sooner than expected full reopening of economies amid the abundance of liquidity globally, raises concerns of “overheating”. These concerns are more pronounced for advanced economies where asset purchases by central banks and robust stimulus packages have been deployed to abate the economic impact of the pandemic.
On 24 February 2021, staff unloads the first shipment of COVID-19 vaccines distributed by the COVAX Facility at the Kotoka International Airport in Accra, Ghana’s capital. | www.brandnewsday.com
Nevertheless, we maintain that inflation in advanced economies will remain mostly at or below the 2% threshold. Near term, uptick would largely reflect the impact of rising crude oil prices due to OPEC+ support. At its March 2021 meeting, OPEC+ decided to maintain existing production cuts, exempting Russia and Kazakhstan who will increase production by 130 and 20 thousand barrels per day respectively. This decision spurred crude oil prices higher settling at USD68.83pb on Friday 6th March 2021.
Meanwhile, in economies like the UK and Euro area, food prices and prices of restaurant and hospitality services have continued upwards on the back of new lockdown measures in January 2021. We note also that global food inflation so far in the year has been led by higher prices of cereals especially in temperate regions where harvest season is expected only around July.
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