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Govt to roll out economic rescue programme—Finance Minister
The government is developing a three-year COVID-19 alleviation programme to be known as “The Ghana Cares Programme” to help rescue the economy from the clutches of the coronavirus pandemic.
The impact of the coronavirus disease on the Ghanaian economy could last for three years, the government had predicted.
“To address this, the President has directed the Ministry of Finance to come up with stabilisation and a revitalisation plan for the country.
“In this regard, the Ministry of Finance is developing a three-year COVID-19 alleviation and revitalisation of enterprise support programme; ‘The Ghana Cares Programme’ to help stabilise and revitalise the country’s economy.
“We are confident that this programme will lead us on a journey of achieving a Ghana Beyond Aid,” Finance Minister, Ken Ofori-Atta told Parliament in Accra yesterday.
Mr Ofori-Atta made this known in an explanatory statement when he laid a report on the limit of borrowing by government under subsection (6) of Section 30 of the Bank of Ghana Act in the coronavirus emergency.
According to him, the Bank of Ghana had released GH¢5.5billion of a GH¢10 billion COVID-19 support fund in line with the emergency financing provisions under the Bank of Ghana Act, to deal with shocks that had accompanied the coronavirus pandemic.
The coupon rate, he said, was pegged at the prevailing monetary policy rate with a 10-year tenure and a two-year moratorium on both principal and interest payment.
Government, Finance Minister said remains unwavering in protecting lives and sustaining livelihoods and rebuilding the country’s agric and industrial sector so as to position the country on the path of growth.
“Mr Speaker, these are sobering times and a test of our own humanity and how to be our brothers’ keeper,” he preached.
Even as the country develops the ‘Ghana Cares Programme’, he said it was time burdens were shared for the common good of the country.
“Whatever stimulus package would help us claw back our five per cent GDP that we’ve lost, Mr Speaker, we intend to do it.
“It is a period of sacrifice; burden sharing and we have to avoid any spiritual stupor by ensuring that everyone is taken care of.
“In this vein, we would like to live on some of Gandhi’s principles – a period of three years of politics with principles, wealth that comes from work, commerce that is through morality, pleasure that is conscionable, education of character, science that has a human face and work that has sacrifice attached to it.
“We are confident that we will come out of this much stronger and much greater. So we remain more hopeful that our land will overflow with prosperity and we will leave no one behind as we build a greater society.”
The programme is a top-up to the GH¢1 billion Coronavirus Alleviation Programme Business Support Scheme to cushion small and medium scale enterprises against the vagaries of the coronavirus pandemic.
BY JULIUS YAO PETETSI
The Government of Ghana has expressed profound sadness over the passing of His Majesty Yaa Naa Abukari Mahama II, King of Dagbon.
In a statement issued on Monday, President John Dramani Mahama, on behalf of the Government, extended his deepest condolences to the Royal Family, the people of Dagbon, and the entire nation.
“The Government of Ghana has received with profound sadness the news of the passing of His Majesty Yaa Naa Abukari Mahama II,” the statement said.
President Mahama described the late King as a distinguished traditional ruler whose reign was defined by healing, reconciliation, and lasting peace in Dagbon following years of conflict.
The statement noted that His Majesty’s “unwavering commitment to unity, stability, and the welfare of his people created an enabling environment for development”and strengthened the partnership between traditional authorities and Government in advancing progress across Dagbon and Ghana.
The Government paid tribute to the life and legacy of Yaa Naa Abukari Mahama II, and honoured his invaluable service to the nation.
“May his wisdom, leadership, and dedication to peace continue to inspire future generations. May his soul rest in perfect peace,” the statement concluded.
The passing of Yaa Naa Abukari Mahama II marks the end of an era for Dagbon, which saw significant strides in unity and development under his leadership.
By Edem Mensah-Tsotorme
The Ghana National Fire Service (GNFS), Hohoe Municipality Command, has conducted fire safety inspections and public education at selected fuel filling stations within the municipality.
The exercise, held from July 3, 2026 to July 5, 2025 was led by the Municipal Commander, DO III Bismark Hosu-Porbley.
During the inspection, the team assessed the fire safety preparedness of the facilities. Staff were also educated on fire prevention, emergency response procedures, and the proper use of firefighting equipment.
Management of the affected fuel stations expressed appreciation for the exercise and pledged to comply with the recommended safety measures.
The GNFS said the exercise reaffirms its commitment to continuous fire safety awareness and risk reduction to safeguard lives and property.
By Edem Mensah-Tsotorme
