Government has announced another ambitious plan to help transform the country following the COVID-19 pandemic that has affected the economy.
The Minister of Finance announced that government will soon launch a GHS100 billion initiative known as the COVID-19 Alleviation and Revitalisation of Enterprises Support (CARES) scheme to help the country recover from the economic shocks brought on by the COVID-19 pandemic.
The 42-months scheme christened Ghana CARES, “Obaatan Pa” is to transform the economy towards massive socio-economic development post-Coronavirus.
Presenting the 2020 mid-year budget review in Parliament today, Thursday, July 23, 2020, the Finance Minister, Ken Ofori-Atta indicated that the new programme is in line with the President’s directive for the development of a fiscal recovery strategy amidst the outbreak of the virus.
“I am happy to announce that the President will in the coming weeks launch a GHS100 billion development programme. It is an ambitious and unprecedented three and a half year programme called Coronavirus Alleviation Revitalization Enterprises Support (CARES) Programme. The Ghana CARE programme ‘obaatanpa’ programme will anchor the comprehensive programme for our transformation as a society.”