Minister for Finance, Ken Ofori Atta has announced government’s decision to complement the GhanaCARES programme with an enhanced domestic programme.
According to the Finance Minister, this move forms part of efforts by government to deal with the economic hardships Ghanaians are going through.
The GhanaCARES programme provides a mechanism to consolidate private sector investment into productive sectors of the economy.
Delivering the mid-year budget review on the floor of Parliament on Monday July 25, Ken Ofori Atta recounted the challenges Ghanaians are going through due to the impact of the war between Russia and Ukraine as well as Covid.
Ken Ofori Atta admitted that these are difficult times for the government in general.
Read Also: “Gov’t to optimise flagship programmes in the coming months” – Ofori Atta
He revealed that government will introduce an enhanced domestics programme to complement the Ghana cares.
“Towards 2022 Russia invaded Ukraine, a situation that worsened the already weakened global supply chain exacerbated by high conditions..
“These have had a debilitating toll on the cost and standard of living of our people. Mr Speaker, food prices are rising, fuel and transport fares are up , the cost of borrowing for businesses and for households has increased, the cedi has depreciated and the economic outlook has dipped significantly.”
“The state of affairs is quite a painful one for me to report to you , it is hard to see our people lament about the prices of basic commodities , these are difficult times for government and indeed, for the Finance Minister,” he told Parliament.
Ghana | Atinkaonline.cm | Vivian Adu