Mr Ken Ofori-Atta, the Minister for Finance says a sum of GH¢600 million was used for Economic Relief, Stabilization and Revitalization during the COVID-19 Pandemic.
He said: "Mr Speaker, notwithstanding measures to balance out the economy after the overwhelming effect of the COVID-19 pandemic, the public authority additionally carried out projects to rejuvenate the economy and safeguard occupations."
Keeping that in mind, the money serve referred to as the Coronavirus Alleviation Program Business Support Scheme (CAPBuSS) by the NBSSI now the Ghana Enterprises Agency (GEA), as giving delicate advances to 302,001 little and medium-scale organizations the nation over to moderate the financial effect of the pandemic and safeguard occupations.
Mr Ofori-Atta expressed this on Wednesday when he showed up before Parliament to convey an assertion on how government reserves were dispensed against the COVID-19 Pandemic.
He was additionally charged to respond to 16 inquiries from various administrators.
He alluded to the Ghana Cares Obaatan dad Program which was sent off in November 2020 as a component of undertakings that rejuvenated the economy.
The money serve noticed that to make vital interests in the genuine area of the economy, the aggregate sum delivered toward the finish of 2021 was GH¢539 million out of the complete customized measure of GH¢1,510 million.
He referenced that the foundation of the Development Bank Ghana was to address holes in the Ghanaian credit markets, particularly the accessibility of medium-and long haul finance for the confidential area.
Subsequently, Mr Ofiri-Atta let Parliament know that an aggregate sum of GH¢853 million had been moved to the Bank as seed cash.
"Mr Speaker, different measures incorporate the exchange of GH¢1,501 million to the Statutory subsidies by the supported financial plan to empower them to follow through on their command.
"This was occasioned by the non-execution of incomes to a great extent because of the worldwide lockdowns; and the instalment of GH¢1,267 million to workers for hire to settle an extraordinary obligation to workers for hire that was customized to be paid in 2020 with incomes gathered as well as facilitate the monetary weight that emerged because of the flare-up of the pandemic," he said.
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