The Citizen Watch, a think tank in Ghana, has hailed the government for swiftly making funds available to support the vulnerable in the society.
“We are most grateful that the President has exhibited his listening capabilities at this critical stage in the midst of the pandemic which has led to a partial lockdown in some parts of the country”, the think tank said in a statement issued in Accra and signed by Elikem Agbenyegah.
A fortnight ago, Citizen Watch urged the government to liquate part of the country’s reserves as a social compensation for its citizenry in the wake of the scary pandemic-COVID 19.
The President announced the setting up of a coronavirus fund with seed money of GHc1billion and also committed his three months’ salary – April, May and June – to the fund and asked individuals and corporate institutions to also support the fund.
“We commend the government for adhering to our call for a partial lockdown and also making available funds to support the vulnerable in society. Even if the amount cannot cover everyone at least the GHS1 billion is a good start,” it said.
Additionally, the government has also set aside GHS3 billion as a stimulus package to support businesses which is close to what the Citizen Watch admonished.
Ghana’s Gross International Reserves is hovering around $10 billion, translating into more than 4 months of import of goods and services.