‘Govt spends GH¢ 8.1 million under GhanaCares stabilisation Programme’

The Government has spent GH¢ 8.1 million to preserve livelihoods under the Stabilisation phase of the GH¢ 100 billion GhanaCares (Obaatan pa) programme.

Under this phase, Ghanaians were provided with foodstuffs, free water and electricity to more than 200 vulnerable families and households.

The programme is an unprecedented, bold and audacious GH¢ 100 billion post-COVID programme to stabilise, revitalise and transform Ghana’s economy to create jobs and prosperity for Ghanaians over a three-year period.

Mr Charles Adu-Boahen, Minister of State, Finance, said this at the Advantage Knowledge Forum on the theme: “Building Business Agility and Growth for AfCFTA and the Post COVID-19 Era.”

The forum was organised by Enterprise Insurance in partnership with the Greater Accra Region Chapter of Association of Ghana Industries (AGI).

He said government also provided GH¢ 750 million business support scheme to enterprises to mitigate the impact of the pandemic on MSMEs.

The Minister said the second phase, was a medium-term Revitalisation Phase from 2021-2023 focusing on industrialisation, affordable housing and digitalisation.

He envisaged the programme would enable the government to boldly build up better and greener business environment.

The Minister said the government looked to see additional collaborations and partnerships between the public and the private sectors to implement policy initiatives under the GhanaCares Programme.

He called on the private sector to buy into the programme and take advantage of the opportunities available.

“This is because, it clearly outlines government’s strategic priorities,” he added.

Mr Keli Gadzekpo, Group CEO, Enterprise Group, said over the past two years, the world had battled the pandemic and its impact on every aspect of  life.

He said businesses faced substantial challenges as business operations were disrupted and normal work routines and social structures were interrupted due to the global pandemic.

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