Minister of Information Kojo Oppong Nkrumah has confirmed that President Akufo-Addo must be applauded for his supportive leadership of the COVID-19 program in Ghana.
He added to the discussion on the mid-year budget review presented to the legislative chamber by Finance Minister Ken Ofori-Atta last Thursday.
Mr. Nkrumah, who is also an MP for Ofoase Ayirebi in the Eastern Region, stated that it is the government’s duty to consider the negative effects of coronavirus on its citizens and to implement pain-relieving steps.
According to him, coronavirus poses a major threat both economically and healthily, but the pro-active nature of the current administration has led it to take action that brings the nation right where it was before the virus arrived.
He said, “Any president who has compassion for his people, any president who cares about his country, must put in place a transparent and bold recovery plan that restores Ghana ‘s recent economic prosperity, creates a self-reliant economy and ultimately improves quality of life. This bold revitalisation plan, Ghana Cares, announced by the Honourable Finance Minister on Thursday, will mobilize 100 billion GH to reinvest in the Ghanaian economy to restore growth, job losses, incomes and improve quality of life.
“Under President Akufo-Addo, Ghana Cares is set up to ensure that food security is not hindered. In times like these, with shutdowns and shutdowns, food security is a challenge to every economy. You will find that this program pays attention to ensuring that agricultural productivity is restored, that food is available and at reasonable prices that protect the livelihoods of farmers and the rest of our population. Under President Akufo-Addo, Ghana is worried about people’s businesses. Therefore, continued support for companies is a vital component of this programme. Almost EUR 1 billion has already been made available via the CAPBUS loan scheme for MSME, “he said.
The Minister also noted that the government guarantee scheme of up to 2 billion GH is another step that is being introduced by the government that will allow businesses to borrow from banks at a more affordable and longer-term rate and will save businesses from bankruptcy and keep employment going.
“A 2 billion GH credit line will be made available to medium and large companies to boost economic activity in these sectors. People who have lost their jobs and unemployment compensation services must be set up to help them secure their livelihoods in these tough times. In addition, a fraction of this money will be used to inject liquidity into the Ghanaian economy and boost development across sectors, “he said.