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Cabinet approves plan for a post-COVID-19 economic recovery programme

BY: Adoanewsonline

Cabinet has approved a plan expected to boost Ghana’s economy back on track in the post-pandemic era.

During a press briefing, the Information Minister, Kojo Oppong Nkrumah disclosed that the plan focuses on Ghana’s fiscal regime and macroeconomic situation.

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“If our stability has been shaken because of the need to stretch our resources to respond to COVID-19, and if the fiscal anchor which was the deficit that we were trying to bring down to 5% and if we are now watching it becomes clear from the Bank of Ghana figures that are coming in that our debt to GDP ratio is getting worse because of the COVID-19 programme, then you can bet that these two will become some of the key parts of the post-COVID economic recovery programme.”

He added that the cost of the Economic Recovery Programme will be announced in the 2021 budget expected to be presented to parliament by the Minister for Parliamentary Affairs, Osei Kyei Mensah Bonsu on Friday, March 12, 2021.

Source: Adoanews

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