Ghana CARE Programme: ISSER doubts funds availability

Institute of Statistical Social and Economic Research (ISSER) is casting doubts over availability of funds to implement Ghana Care programme as spelt out by Finance Minister Ken Ofori-Atta during the Mid-Year-Budget-Review.

According to Prof. Peter Quarter of ISSER, the proposal that government will provide 30% for private sector to sponsor 70% of funds is difficult to achieve.

Speaking in an interview monitored by African Editors on Tuesday 3 August 2021 in Accra, the
University of Ghana Department of Economics former Head Prof. Quartey “raised doubts over availability of funds to implement the Ghana CARE programme. We’re not told where the funds will come from and it will difficult to get 70% from the private sector “.

2nd phase of Ghana CARE programme to start- Ofori-Atta

Finance Minister Ken Ofori-Atta says plans are far-advanced to implement the second phase of the Ghana CARE programme this year.

According to the Finance Minister, the implementation of the second phase the programme is crucial to economic recovery after infectious Covid-19 and its shocks to the national fiscal regime.

Speaking during the Mid-Year-Budget-Review at parliament in Accra on Thursday 29 July 2021, Ken Ofori-Atta said “Ghana CARE programme is vital for economic recovery”

Ofori noted that “National Employment Insurance Scheme will be set up whilst rolling out second phase of the CARE programme and an amount of 500 Cedis has been distributed under the CAREBus programme “.

Meanwhile, Ranking Member on Finance Committee of Parliament and Bolga Central Legislator Issac Adongo says Ken Ofori-Atta needs bold and concrete steps to implement a backlog of programmes on his table “.

Source : africaneditors.com