On Tuesday, 11th May 2021, the Ministry of Finance, as part of modalities to kick-start the implementation of the Ghana Covid-19 Alleviation and Revitalisation of Enterprises Support (GhanaCARES) Obaatanpa programme signed the first two out of 8 compact agreements with the Ministry of Tourism, Arts and Culture for an amount of One Hundred million Ghana cedis (Ghs100,000,000.00) and the Ministry of Trade & Industry for an amount of Two Hundred and Eighty Two million Ghana cedis (Ghs282,000,000).

These is extra allocations fall outside of the said Ministries annual budgetary allocation to ensure strategic and catalytic interventions that will foster a quicker recovery and boost our post COVID-19 economic transformation.

The Compact is a partnership agreement between the Ministry of Finance, as the Coordinating authority, and sector Ministries, under the supervision of the Inter-Ministerial Coordinating Committee (IMCC) to ensure effective and timely delivery of the targets set for the various Ministries under the CARES programme for the 2021 fiscal year.

By Kazeem Balogun

Kazeem Balogun is the Managing Editor of Kalo Africa News.

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