The Minister of Finance, Mr Ken Ofori-Atta has announced that all life-line customers will enjoy free electricity for the rest of the year. In the announcement captured under the government’s Ghana Coronavirus Alleviation & Revitalisation of Enterprises Support (CARES) Obaatanpa Programme, the Minister stated that water would be provided for free in the next three months.
The CARES Programme would also result in a reduction of the Communications Service Tax (CST) from 9% to 5% for the next six months. Addressing Parliament today, Mr Ofori-Atta added that the government would establish a GH¢2 billion Guarantee Facility to support all sectors of business and job retention.
Shedding insight into the CARES programme in the mid-year budget review, Mr Ofori-Atta said it involves an investment of GH¢100 billion from 2021 to 2023, of which GH¢70 billion will come from the private sector.
He said: “Mr Speaker, to ensure that we do not only survive this pandemic but recover and thrive, this Government is rolling out a three-and-a-half-year recovery and revitalization programme.
“The Coronavirus Alleviation & Revitalisation of Enterprises Support (CARES) programme allows us to recreate our economy and set it on a course that we yearn for. Mr Speaker, I consider the CARES programme truly ground-breaking as it requires radical reforms in government, particularly in revenue generation and a radical improvement in doing business for the private sector. It also adopts a whole-of-government implementation approach and fosters closer collaboration with the private sector to give a sustainable future to Ghanaians, as captured earlier”.