Ghanaian economist Kwame Pianim says that there is the need for speedy implementation of the COVID-19 Alleviation and Revitalisation of Enterprise Support initiative, known as the Ghana CARES Programme.
He believes the $100 billion initiative has the potential to fast-track the country’s recovery following the damage caused by the pandemic.
Speaking on Citi TV‘s Point of View, Mr Kwame Pianim challenged the citizenry to rally behind President Nana Akufo-Addo to implement the Ghana CARES initiative.
“The Ghana CARES Programme says we are going to give support to our industries to alleviate the challenges of COVID-19, stimulate Agriculture, with a focus on programs like planting for food and jobs. We should all help Nana Akufo-Addo to implement it after the court case is finished, and he’s declared President. The President needs to hit the ground running,” he said.
He further noted the importance of not taking for granted the opportunities afforded Ghanaian businesses following a disruption to the global supply chain as a result of the coronavirus pandemic.
Ghana CARES initiative
The Ghana CARES “Obaatan pa” programme, which was launched in November 2020, is expected to stabilise, revitalise and transform Ghana’s economy to create jobs and prosperity for Ghanaians over a three-year period.
It has been sequenced in two phases: a Stabilisation Phase that runs from July to the end of the year 2020, and a medium-term Revitalization Phase from 2021-2023.
The first phase of the programme builds on the actions already taken by the government under the Coronavirus Alleviation Programme, including stabilisation of the economy, ensuring food security, support businesses and workers, strengthening the health system and passage of legislations to facilitate quick economic recovery.
The second phase, which aims at revitalising and transforming the economy from 2021-2023, will focus on supporting commercial farming and attracting educated youth into agriculture, building Ghana’s light manufacturing sector, developing engineering/machine tools and ICT/digital economy, developing Ghana’s housing and construction industry, reviewing and optimising the implementation of Government flagships and key programmes among others.
The government remains unwavering in its aim to protect lives and sustain livelihoods as well as rebuild Ghana’s major sectors in order to position the nation towards the path of growth.