Covid-19: Ghanaian Parliament secures funds and waives taxes

Covid-19: Ghanaian Parliament secures funds and waives taxes

- The government of Ghana has secured $200 million from the Stabilisation Fund to help fight Covid-19

- The Ghana Employers' Association assures Ghanaians that no one will lose their jobs

- Parliament approved a $20.9m tax waiver for the second phase of Tamale Airport

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The government has announced plans of using $200 million from the Stabilisation Fund to combat the spread of the coronavirus in Ghana.

According to the minister of finance, Ken Ofori-Atta, the government would lower the cap on the Fund from the current $300 million to $100 million in line with Section 23(3) of the Petroleum Revenue Management Act (PRMA).

He added that the $100 million would then be transferred into the Contingency Fund (CF) consistent with Section 23(4) of the PRMA.

The Ghana Employers Association (GEA) has assured Ghanaian workers of the unlikelihood of an employee losing a job due to the outbreak of the coronavirus.

According to the GEA, it does not expect its members to lay off workers to reduce the impact of the COVID-19 on businesses.

Its Chief Executive Officer (CEO), Alex Frimpong, explained that per the last discussions held on the matter, there are plans to cushion businesses against the impact of the epidemic.

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Members of Parliament (MPs) have expressed their support for the construction of the second phase of the Tamale Airport.

The lawmakers approved the Ghana cedi equivalent of $20,953,066.69 for the purchase of materials, equipment and vehicles for work to begin. understands that the first phase of the hospital was completed in 2016 and KfW IPEX-Bank GmH has agreed to finance the second phase.

Parliament has given its approval of a $10.1 million tax waiver for the delivery of medical products by drones by Fly Zipline Ghana Limited.

The waiver applies to materials and equipment to be procured under the service agreement by the parties involved.

The parties to the agreement are the government of Ghana, which is represented by the ministry of health and Fly Zipline Ghana Limited.

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