Ken Ofori-Atta, Finance Minister-designate has said Ghana Cares “Obaatanpa” programme will rebound and grow the country’s economy to up to 5%.
He said the government is rolling out recovery plans to salvage the economy from the adverse economic effects of the COVID-19 pandemic.
Responding to questions at the Appointments Committee of Parliament on Thursday (25 March), Ofori-Atta said the GHC100 billion investment into the economy is meant to revitalise the economy and provide the necessary support to businesses that have been dealt a blow by the global pandemic.
“Amidst a historic global recession, Ghana’s economy has shown resilience and robustness, outperforming its peers. Ghana Cares programme’s implementation will see growth rebound to 5% and that is why we are confident that we will emerge from the COVID-19 pandemic with a stronger and more resilient economy,” he said.
The Ghana Cares is a GHC100 billion post-COVID programme initiated by the government to stabilise, revitalise and transform Ghana’s economy and to create jobs and prosperity for Ghanaians over three years.
The programme is sequenced in two phases; the stabilisation phase and the medium-term revitalisation phase.
Ofori-Atta said the investment is by far the boldest and biggest economic recovery programme in the country’s history which will enable the country to turn the challenges created by the COVID-19 into opportunities for socio-economic transformation.