GH₵100 billion development programme in the offing – Finance Minister

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Finance Minister, Ken Ofori-Atta

The Minister of Finance, Ken Ofori Atta, has announced that plans are advanced for the launch of a GH₵100 billion development programme aimed, among others, to revitalize the local economy, at the back of the difficulties brought by the outbreak of the coronavirus pandemic.

The three and half years programme, dubbed: “Ghana Coronavirus Alleviation Revitalization of Enterprises Support Programme,” also known as ‘Ghana CARES, “Obaatan Pa”,which will be rolled out in the coming weeks, according to the Minister, “will anchor the comprehensive transformation of our society.”

The Minister announced this at the presentation of the 2020 Mid-Year Review of the Budget Statement and Economic Policy, and Supplementary Estimates in Parliament today.

“Mr. Speaker, we wish to take this opportunity to announce to the people of Ghana that their President and his team have done a lot of thinking since March. We have brainstormed over the crisis with the view of using the challenges it presents rather as an opportunity to transform Ghana and for all Ghanaians.

I am happy to announce that in the coming weeks the President will launch a Gh¢100 billion development programme. An ambitious and unprecedented three and half years programme called: Ghana CARES, “Obaatan Pa” which will anchor the comprehensive transformation of our society.”

The Finance Minister noted that the government will continue to do what it has to do – to protect lives and support livelihoods during the crisis period.

“We have accepted that this pandemic and its effects are unparalleled in the annals of our country, and indeed globally. We have accepted that until a vaccine is found, we have no choice but to re-arrange our lifestyle in order to protect lives and promote livelihoods. It requires the marshalling of unprecedented resources to contend with the pandemic and its effects on Ghanaians,” he added.

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