Government to increase CAP fund by GHC150m

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Government is increasing funding of the Coronavirus Alleviation Programme (CAP) by an additional 150 million to ensure an increased number of beneficiaries, according to President Akufo-Addo.

Earlier, government allocated an amount of GHC600 million to the CAP initiative. This brings the total amount to be spent on the CAP to GHC750 million.

In his 14th address to the nation on the measures taken to fight the Coronavirus pandemic, President Akufo-Addo added that a national unemployment insurance scheme will also be instituted to provide temporary income support to workers that have lost their jobs.

He assured that under his watch as president, government will continue to work and create a diversified transformed economy for the benefit of all Ghanaians.

The president also revealed that government is establishing a guarantee scheme of GHC2 billion to enable businesses access credit at more affordable rates to survive and better able to retain jobs.

Touching briefly on Ghana’s COVID cases, he said “A study look at the data shows that we are limiting the impact of the virus. What we should be looking at are active cases. The figure to look out for are the active cases.We’re steadily on a path of limiting the pandemic ”

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