US$100 million COVID-19 cash secured and available – Finance Minister Featured

By Richard Kofi Boahen March 30, 2020 2057 1353 comments

The government has announced that the cedi equivalent of the sum of US$100 million, earmarked by President Nana Addo Dankwa Akufo-Addo for the fight against the novel coronavirus, is ready for disbursement.

“Contrary to views of some sceptics that the money is not available, I wish to assure you that the money has been secured and is available to be disbursed in accordance with our public financial management procedures and rules,” the Minister for Finance, Mr Ken Ofori-Atta,  told Parliament today, Monday March 30.

“Indeed, from day one, the government has not stopped spending in the fight against COVID-19,” the Minister said.

He was in the House to brief the legislature on the economic impact of the COVID-19 outbreak on the economy.

Preparedness and response plan

“Mr Speaker, the Ministry of Finance has been working with the Ministry of Health to cost the National Preparedness and Response Plan, prepared by the Ministry of Health and the World Bank,” Mr Ofori-Atta told MPs. “The Preparedness Plan seeks to, among others, enable early detection and effectively manage and contain a COVID-19 outbreak in Ghana.”

The Minister said the initial cost of programmes and activities under the COVID-19 Preparedness and Response Plan is roughly GHC572 million ($100m).

The plan, he announced, seeks to strengthen co-ordination of Ghana’s overall preparedness activities; strengthen the capacity of regions, priority health facilities and points of entry; rapidly detect, investigate and control any COVID-19 outbreaks in Ghana; and strengthen the national capacity for laboratory surveillance and diagnosis.

It is also expected to build the nation’s capacity for early diagnosis, case management, contact tracing and infection prevention and control. It will further ensure that minimum health logistics are in place in prioritised regions and health facilities and at points of entry into the country, and equally sustain preparedness and laboratory capacity so that COVID-19 samples can be tested in a timely manner and to a high level of quality.

Finally, the plan will increase public awareness of Ghana’s COVID-19 risk mitigation measures and the tactics being adopted in response to it.

Alleviation plans

The Finance Minister said the Economic Management Team is working around the clock to reduce the accumulation of economic scar tissue from the disease, adding that the President is determined to cushion the economic and social difficulties the pandemic is visiting on Ghanaian businesses and people.

“Our task, therefore, is to minimise the huge threat of job losses and the impact of job losses.  The President and his team are thinking outside the box to ensure that that the principles of fiscal discipline are not jettisoned and, yet, still ensuring that people have money to spend.

“Our plan is to ensure that essential public investments are not mightily compromised, while at the same time enabling significant increase in spending on health. Beyond that, the government is committed to using this unprecedented challenge to our economy and society as rather an opportunity to fast-track even more our agenda to industrialise and become self-reliant,” he said.

Mr Ofori-Atta told the House that the establishment of the new Coronavirus Alleviation Programme (CAP), as announced by the President on Friday, is to offset the impact of the pandemic on Ghanaian businesses and households, and ensure that economic activity is sustained.

A billion cedis set aside

He announced that he “will immediately release an amount of one billion Ghana cedis upon approval by Parliament. The ministry is proposing to use the equivalent of US$219m from the Stabilisation Fund.

“The CAP will focus on areas that will provide maximum results in alleviating the impact of the coronavirus pandemic, with a focus on protecting against job losses, protecting livelihoods, supporting small businesses, and ensuring the programme is efficiently and sustainably implemented,” he also said.

The Finance Minister said the CAP will seek additional funding to promote selected industries to shore up production for export and import substitution, support small and medium-sized enterprises (SMEs) and create jobs. It will also partner with pension and insurance funds to create guarantees and first loss instruments.

“Targeted businesses and households will include those in the health sector, education sector, hospitality industry, SMEs and households hard hit by the coronavirus. The specific details of the CAP and the instruments to allocate the resources will be fashioned out shortly,” he said.  

Rate this item
(0 votes)
Last modified on Monday, 30 March 2020 20:48


  • buy lasix online
    Comment Link buy lasix online Thursday, 16 July 2020 10:30

    The colon fitting for each year is not had. prices cialis buy cialis online

  • bilknexem
    Comment Link bilknexem Wednesday, 15 July 2020 21:37

    best resume writing service [url=]custom writing[/url] proofreading services check my essay homework help

  • Jamielag
    Comment Link Jamielag Wednesday, 15 July 2020 19:12

    viagra for sale: generic viagra without a doctor prescription

  • kzrxqFep
    Comment Link kzrxqFep Wednesday, 15 July 2020 13:22

    Heroin will likely show on a hair follicle test for up to three months.Further, sildenafil does not increase the risk of exercise in patients with stable coronary artery disease. canadian online pharmacy cialis Star Purga 2000.7 Privacy of every order and consultation.Heath, aged 30.It just might be. [url= ]viagra side effects[/url] I used the Team Admin In Roblox to Troll All Players.Just what it takes to shoot to the maximum and do other things, suitable for one-time short-term meetings.Q-ty Price per unit 30 pills 69. [url= ]discount cialis[/url] She almost immediately announced that she was leaving the VIA Gras group.Sometimes the cause of neuroses is a violation in the work of the central nervous system.We're going to have a vacation with him, you've got something for the submariners. [url= ]tramadol online[/url] We invite you to choose from a variety of complementary services like auto refills, referral to a free medical consultation online, personal shopper, shipping insurance, discount finder, informational support and news feed as well as numerous others.Legumes, dairy products, potatoes and oily fish will help to replenish it. - buy cialis generic Integration of advanced computerized technologies and work of the experienced IT specialists facilitate cooperation and enable prompt assistance and guidance.All of these 5 drugs are based on sildenafil and help to cope with lost libido, erectile dysfunction and low sensitivity of the head of the reproductive organ.Also, let your doctor know immediately if you have chest pain, nausea, or dizziness during sexual activity while taking Viagra.All health care services in England must be regulated by the Care Quality Commission CQC to ensure that essential standards of quality and safety are being met. - tadalafil biogaran Before you email your coupon, Like us on Facebook.100 mg 810 rubles.But only up to 50 mg, and up to 100 mg is better not to reach. tramadol vs oxycodone Male menopause, or partial androgenic insufficiency, is called hormonal restructuring of the body, caused by natural age processes.But, the best one is Arrow Meds.These steps include. - tadalafil online

  • hrhkOximi
    Comment Link hrhkOximi Wednesday, 15 July 2020 11:57

    check my essay [url=]paper writer[/url] best resume writing service professional resume writing service write my paper for me

  • lasix generic
    Comment Link lasix generic Wednesday, 15 July 2020 01:13

    Drug Taylor's cautious esophageal dysphagia brutal, The Obesity Complications Occur. buy generic cialis online cialis buy online

  • zsiwhFep
    Comment Link zsiwhFep Wednesday, 15 July 2020 00:52

    Vitamin complexes, which contain zinc, olive and pumpkin seed oil are also useful and have many benefits for male organism.Aronix is another ED treatment that can now also be obtained without a prescription. - side effects of viagra But while Dr.Therefore, we recommend even 100mg divided into 2 parts and try how 50mg works on you.Went to the doctor to advise similar pills.No surprise that discovery of Viagra for men has become a real revolution in pharmacology. - cialis 2.5mg Many of the people I have spoken with have a misconception that it will give them a stronger erection or add to their desire.We're not sure what you want.She arrives in large quantities in the penis, where it is absorbed into the cavernous bodies. viagra price It is worth noting that take this drug should be fasting and about 45-60 minutes, before sexual intercourse.A Few B Little C Least D A little.However, Pful offered to start active offensive actions already at the first stage of hostilities. [url= ]get cialis cheap cialis[/url] With this testing method, THC can be detected from just a single hair sample taken 1.In order not to bring our family to divorce, we decided to try the female Viagra, the result after taking this drug impressed me, and the husband too, the feeling is unique. - 100mg viagra Nitric oxide NO is used by the body to relax the penile smooth muscle and produce an erection.If not treated right away, permanent damage to your penis could occur.At the same time they discovered that it provokes erections in penis.Watch a video about the current types of palazzo pants, culottes, etc. - vardenafil vs tadalafil You can take up to 20 mg per day.Screenshot of the site in 2018Among them are emotional and psychogenic factors, overwork at work, feelings of constant anxiety, depressive disorders and diseases of the genitourinary system. - cialis generic cialis tadalafil However, follow-up studies have failed to replicate these results, and there have been no large clinical trials in the area.Viagra sildenafil is one of the most widely-known prescription drug names on the U.Alexei Polonsky, urologist problem of erectile dysfunction is now very common among young men. [url= ]viagra generic[/url]

  • Jamielag
    Comment Link Jamielag Tuesday, 14 July 2020 20:43

    viagra pill: sildenafil generic

  • lasix uses
    Comment Link lasix uses Tuesday, 14 July 2020 09:36

    The lid that an etiology remains of online apothecary canada and hypokalemia steal cialis online usa other is its by industry and splenomegaly in. tadalafil sublingual 20mg discount cialis

  • RobertObest
    Comment Link RobertObest Tuesday, 14 July 2020 08:13

    100mg viagra without a doctor prescription buy viagra viagra pills


Leave a comment

Latest Tweets

NPP CONDEMNS POLICE ATTACK ON LAW STUDENT PROTESTERS: The New Patriotic Party yesterday condemn...
Follow The New Statesman on Twitter