Kyei-Mensah-Bonsu says the CARES initiative is a singular and remarkable financial investment in the Ghanaian economy
Caretaker minister for finance, Osei Kyei-Mensah-Bonsu, has said government’s Coronavirus Alleviation and Revitalisation of Enterprise Support (CARES) initiative is a singular and remarkable financial investment in the Ghanaian economy by a sitting government.
Presenting the 2021 budget statement and economic policy in Parliament on Friday 12 March 2021, Mensah-Bonsu said the ‘Obaatanpa’ programme in the wake of the coronavirus pandemic is meant to cushion Ghanaians and businesses against the adverse economic effects of the virus.
He said the GHS100 billion investment into the Ghanaian economy is meant to revitalise the economy that has been undone by the global pandemic and put it back to pre-COVID-19 levels.
“Pursuing the GHS100 billion Ghana CARES “Obaatan pa” programme allows us to address the challenges and also seize the opportunities created by COVID-19 for socio-economic transformation. This programme will foster closer collaboration with the private sector, labor, faith-based organizations and development partners to complement efforts in the revitalization and growth agenda.
“The “Obaatan pa” programme is inspired by H.E. President Akufo-Addo’s conviction that, “what our forebears dreamed of, we will achieve, if we inherited dreams and visions from our founding fathers, we should leave legacies of achievements and realities to our children and their children,” he explained.
Ghana Cares (Obaatan pa) Programme
The Ghana Cares is a GH¢100 billion post COVID programme initiated by government to stabilize, revitalize and transform Ghana’s economy and to create jobs and prosperity for Ghanaians over a three-year period. The programme is sequenced in two phases; the stabilization phase and the medium-term revitalization phase.