The Finance Committee of Parliament has approved an amount of ¢1.2 billion for government to access money from the Contingency Fund to finance the COVID-19 Alleviation Programme (CAP).
The Finance Minister, Ken Ofori Atta on Wednesday, presented to Parliament, the policy document on COVID-19 Alleviation Programme (CAP), seeking approval to spend ¢1.2 billion.
This follows demands by the Minority for government to provide details of funding of the money requested by the Minister to tackle coronavirus and its impact on the economy.
The Chairman of the Finance Committee, Dr Mark Assibey-Yeboah, said his office will, thus, write a letter to authorise the Finance Minister to withdraw the fund for spending.
The COVID-19 Alleviation Programme will primarily support the provision of food and water for households; reliefs for health sector workers and soft loans for micro, small and medium-size businesses.
According to Ken Ofori Atta, ¢280 million will go into food packages and hotmeals while ¢40 million to the National Buffer Stock Company.
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An additional ¢200 million will be used to cater for bills on water and sanitation, ¢241 will cover tax waiver for health personnel.
Explaining further, he said ¢80 million will be spent on the allowance for health staff, ¢2 million will be used to cover transportation for health workers ¢600 million will be disbursed as soft loans to businesses.
