GHS1.2 billion has been approved by the Finance Committee of Parliament to enable the Finance Minister Ken Ofori-Attah, access funds from the Contingency Fund to finance the Coronavirus Alleviation Programme.
Chairman of the Finance Committee, Dr. Mark Assibey-Yeboah said his office will thus write a letter to authorize the Finance Minister to withdraw the fund for spending.
The Coronavirus Alleviation Programme will primarily support provision of food and water for households; reliefs for health sector workers and soft loans for micro, small and medium-size businesses.
Per the calculation, GHS600 million will be use to support micro, small and medium scale enterprises, GHS280 million is expected to go into food and hot meals, GHS200 million for bills on water and sanitation and GHS40 million will go into the National Buffer Stock Company.
Additionally, GHS200 million will be used to cater for bills on water and sanitation, whilst GHS241 will cover tax waiver for health personnel.
GHS80 million will however be spent on the allowance for health staff and GHS2 million will be used to cover transportation for health workers.
Mr. Ofori-Atta expressed profound gratitude to Parliament for working expeditiously to approve the proposal to lower the cap on the Ghana Stabilisation Fund from US$300 million to US$100 million. This has enabled the transfer of the cedi equivalent of US$219 million into the Contingency Fund. Parliament approves GHS1.2bn COVID-19 alleviation programme