Ghana considered top three in the world for COVID-19 management – Finance Minister

The minister said there are many signs of the government’s efficient management of the COVID-19 pandemic.

Ghana considered top three in the world for COVID-19 management – Finance Minister
Mr Ken Ofori-Atta

Ghana has been adjudged among best three countries in the world, that have effectively managed the COVID-19 pandemic, the Finance Minister, Mr Ken Ofori-Atta has said.

The Minister presenting a budget to cater for the first quarter of 2021 in Parliament Wednesday, [October 28, 2020], explained that an increase in business and consumer confidence was a sign of the government’s efficient management of the COVID-19 pandemic.

“Indeed our efforts have been adjudged as among the best three in the world. Mr. Speaker, the robustness of our macro-economic fundamentals and the efficacy of Government’s COVID-19 mitigation measures have been borne out by recent indicators.”

“According to the Bank of Ghana’s surveys in August 2020, consumer confidence is bouncing back strongly and is currently above pre-COVID-19 lockdown levels. Business confidence has also increased, although below pre-lockdown levels,” said the Minister.

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Mr. Ofori-Atta outlined some policies including the Obaantanpa programme and the provision of free water and electricity as some of the provisions made by the government to cushion Ghanaians in the wake of the pandemic.

Other interventions by the government outlined by the Minister include;

  • Implementing the GH¢1,342million Covid-19 Emergency Preparedness and Response Plan to protect lives
  • Operationalising the GH¢1.2 Billion Coronavirus Alleviation Programme (CAP) to support businesses
  • Launching a GH¢2 billion Guarantee Scheme to enable SMEs borrow at a more affordable rate
  • Supporting the GH¢3 billion credit and stimulus package by commercial banks in Ghana to revitalize industries, especially pharmaceutical, hospitality, services and manufacturing sectors.