26 C
Accra
Monday, November 30, 2020
No menu items!

Ghana CARES programme officially launched to revitalise economy

Must Read

EC outlines measures to ensure PWDs vote independently

The Electoral Commission (EC) says it has put in measures to ensure that People With Disabilities (PWDs) cast their...

“More progress, more prosperity and more development in my 2nd term – President Akufo-Addo

“The New Patriotic Party has the blueprint for the development of Ghana, the foundation for that development has been...

Kantamanto GCB Bank fire started from storeroom

Preliminary investigations have established that the wildfire that gutted the Liberty House branch of the GCB Bank at Kantamanto,...

The Senior Minister, Yaw Osafo-Maafo, has officially launched the Coronavirus Alleviation and Revitalisation of Enterprises Support (Ghana CARES) to revitalise businesses and transform the economy, ravaged by COVID-19.

The 100-bilion cedis programme, unveiled on behalf of President Akufo-Addo is a three-and-half year strategy, expected to be a blueprint for rejuvenating and transforming the economy.

The government will provide 30 per cent of the funding with 70 per cent coming from the Private Sector towards implementing various programmes and activities.

The programme, which is in two phases, will build upon the gains made so far under the COVID-19 Alleviation Programme to revitalise businesses from 2021 to 2023.

Additionally, it will provide support for commercial agriculture, build Ghana’s light manufacturing sector, develop engineering/machine tools and change Ghana into a modern digital economy.

In an address on his behalf, President Akufo-Addo said the Ghana CARES programme is a “Ghana Beyond Aid” in action, which would turn around the country’s economic fortunes in 2021 at 5.7 per cent as a result of the implementation of various transformative activities.

President Akufo-Addo reiterated his government’s commitment to building a resilient and people-centred economy with opportunities for all.

He said Ghana has received 1.27 billion dollars from her development partners, including the International Monetary Fund, World Bank, African Development Bank Group and the European Union.

The funds, he said, has helped to save lives and livelihoods, expand health infrastructure including COVID-19 testing facilities and domestic production of personal protective equipment.

SourceGNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

EC outlines measures to ensure PWDs vote independently

The Electoral Commission (EC) says it has put in measures to ensure that People With Disabilities (PWDs) cast their...

“More progress, more prosperity and more development in my 2nd term – President Akufo-Addo

“The New Patriotic Party has the blueprint for the development of Ghana, the foundation for that development has been laid in Akufo-Addo’s first term...

Kantamanto GCB Bank fire started from storeroom

Preliminary investigations have established that the wildfire that gutted the Liberty House branch of the GCB Bank at Kantamanto, in Accra, on Saturday, started...

Methodist University awaits accreditation to introduce new programmes

The The Methodist University College Ghana (MUCG) is awaiting approval from the National Acceleration Authority to introduce a couple of new programmes. The programmes are...

2020 Elections: EC extends media accreditation to Monday November 30

The Electoral Commission (EC) has extended media accreditation for the 2020 Presidential and Parliamentary elections to tomorrow (November 30,2020) at 5pm.   A statement from the...

More Articles Like This