COVID-19: Gov’t announces recovery plan for the economy; set to boost productive sectors
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COVID-19: Gov’t announces recovery plan for the economy; set to boost productive sectors

- President Akufo-Addo has announced a Resilience and Recovery Plan that would bring the country's economy back on track

- He explained that the Plan would help to mobilise and use available resources to help boost Ghana's economy

- The president added that it would also help ensure the continuous flow of economic activities

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YEN.com.gh has learned that the government will soon roll out a Resilience and Recovery Plan which is focused on the economy.

Information available shows that the aim is to identify and utilize resources that will contribute to the growth of productive sectors of the economy.

This, per the plan, would ensure a continuous flow of economic activities so as to bring the economy back on track.

READ ALSO: COVID-19: Government to support Ghanaian industries with GHC3 billion

The plan formed part of the latest measures announced by President Akufo-Addo as part of his series of addresses to the nation.

On Sunday, May 10, 2020, he also announced that the government, will in May 2020, roll out the GHC600 million soft loan scheme to support micro, small and medium-scale enterprises.

YEN.com.gh earlier reported that President Akufo-Addo explained that the move is to protect such businesses from the economic impact of the coronavirus.

As part of a nationwide address on Sunday, April 5, 2020, he explained that the plan is to ensure that Ghanaian businesses are still functioning even though industries are affected by the pandemic.

He explained that the soft loan scheme would be implemented with the support of the National Board for Small Scale Industries (NBSSI), business & trade associations and selected commercial and rural banks.

READ ALSO: Parliament approves GHC1.2 billion package for the Coronavirus Alleviation Programme

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Source: Yen

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