$100 million COVID-19 cash ready and available for disbursement – Ken Ofori-Atta

$100 million COVID-19 cash ready and available for disbursement – Ken Ofori-Atta

Ken Ofori-Atta, Minister of Finance has assured Parliament and Ghanaians that the US$100 million money budgeted to combat the spread of the coronavirus pandemic is ready and available for disbursement contrary to the views of some skeptics.

“Contrary to views of some skeptics that the money is not available, I wish to assure you that the money has been secured and is available to be disbursed in accordance with our public financial management procedures and rules.

“Indeed, from day one, the government has not stopped spending in the fight against COVID-19”, he mentioned in Parliament today.

Addressing Parliament on Monday, Mr. Ken Ofori-Atta said, “The President is determined to cushion the economic and social difficulties this coronavirus is visiting on Ghanaian businesses and people.

“Our task, therefore, is to minimize the huge threat of job losses and the impact of job losses. The President and his team are thinking outside the box to ensure that that the principles of fiscal discipline are not jettisoned and, yet, still ensuring that people have money to spend,” he said.

“Mr. Speaker, that is why to mitigate the impact of the coronavirus on businesses and households and ensure that economic activities are sustained, whiles minimizing job losses, the President on Friday, March 27, 2020, announced the establishment of a Coronavirus Alleviation Programme (CAP),” he added.