The Finance Minister, Ken Ofori-Atta, has announced a new initiative to bolster the economy, called the COVID-19 Alleviation and Revitalization of Enterprise Support Programme.
This three-year plan is also known as the Ghana Cares programme.
According to the Finance Minister, it will take about three years for the Ghanaian economy to fully recover from the impact of COVID-19.
Speaking on the floor of Parliament on Thursday, May 28, 2020, the Finance Minister indicated that the programme will ensure the sustained growth of the economy.
“The Ministry of Finance is developing a three-year COVID-19 alleviation and revitalization of enterprise support programme –the Ghana Cares programme–to help revitalize the economy.”
“We are confident that this programme will help us stabilize and revitalize the economy,” said Mr. Ofori-Atta.
The pandemic has brought three years of economic growth of at least 6 percent to a sudden halt.
The government anticipates that growth could slow to 1.5 percent, the least in 37 years.
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