Midyear Budget Review: Ghanaians commend government for business support schemes, relief packages

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Some Ghanaians have expressed gratitude to government for the interventions proposed to help deal with the impact of the Coronavirus.

Finance Minister, Ken Ofori-Atta presented the much-anticipated Mid-year Budget Review in Parliament, in which he a number of social interventions for businesses and households to mitigate the impact of COVID-19 on Ghanaians.

The Minister said the impact of COVID-19 is so telling that they have had to revise the real Gross Domestic Product growth projection from 6.8% to 0.9%

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“Consequently, the projected real GDP growth for 2020 has been revised considerably downwards from 6.8 percent to 0.9 percent,” Ken Ofori-Atta stated.

Some of the relief packages he presented include unemployment benefit schemes, soft loans for businesses, extension of the free water for all, free electricity for lifeline consumers and 50% reduction for rest of the populace, and a reduction in communication service tax from 9% to 5% among other things.

Some Ghanaians say those interventions are commendable.

Watch the video below;

 

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