The Deputy Minister for Finance, Mrs Abena Osei Asare has indicated that government's expenditure on the Covid-19 response program totals GH¢20.4 billion.
She stated that the funds were secured from various local and international sources.
Mrs Osei Asare disclosed that the Bank of Ghana (BoG), the nation's Stabilization Fund and foreign sources that include the World Bank and the International Monetary Fund (IMF) were among the many resources relied on by the Ministry.
"The country was able to source $1 billion and that was used to fund other programs associated with the pandemic. We also sourced funding from our development partners like the World Bank and the EU.
"The Bank of Ghana gave about 10 million to help us fill in our statutory funding that includes the District Assembly Common Fund. An amount was dispersed to the districts to enable them to carry out their activities at that level," she added.
She stated that the National Health Insurance Scheme is part of the statutory fund. Health workers received financial support to aid commuting from workplaces.
The expenditure by the government, she stated was to foster the growth of government businesses and the economy in view of the pandemic.
Latest Stories
-
Let’s prioritize research quality in higher education institutions for industrial growth-Prof. Nathaniel Boso
20 mins -
Herman Suede is set to release ‘How Dare You’ on April 24
4 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
4 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
4 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
5 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
6 hours -
South Africa bursary scandal suspects granted bail
7 hours -
Ecobank successfully repays $500m Eurobond due April 18
7 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
7 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
7 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
7 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
7 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
8 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
8 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
9 hours