Taskforce formed to facilitate recovery of industrial, manufacturing sectors – Ofori-Atta

Business News of Tuesday, 19 May 2020


Finance Minister, Ken Ofori-Atta Finance Minister, Ken Ofori-Atta

Click to read all about coronavirus →

Finance Minister, Ken Ofori-Atta has disclosed a taskforce has been formed to further work on recovery, stabilization, and revitalization of industrial and manufacturing sectors to ensure a fast pace revamp post-Coronavirus.

According to him, the taskforce will have a primary focus on specific large businesses to ensure a post-Coronavirus recovery of industry is well facilitated.

Speaking at the launch of the Coronavirus Alleviation Programme (CAP) Business Support Scheme (CAP BuSS), Ken Ofori Atta said; “We have therefore proposed this [CAP BuSS] programme and additionally a taskforce has also been formed to further work on a recovery, a stabilization and a revitalization programme which will concentrate on industry and manufacturing with a specific focus on large businesses to spare growth, minimize job losses and to ensure that the post COVID-19 recovery is at an even faster pace and the President has charged us to do this”

The Finance Minister adds government is positioning the newly set up Development Bank of Ghana to be a critical element of the post-recovery strategy for rapid industrialization and agricultural modernization.

“This will turn Ghana also into a regional trade and investment hub,” he indicated.

The CAP BuSS is an initiative intended to provide a stimulus package of GHS¢600 million in soft loans to scale up Medium Small-Scale Enterprises who may have been impacted by the Coronavirus pandemic.

Send your news stories to and via WhatsApp on +233 55 2699 625.

Football news:

Josep Bartomeu: Setien is doing a great job. We have full confidence in him
Pique on La Liga: Barca do not like to fall behind, but we have made every effort to change the situation
Pep Pro 0:1 with Southampton: city liked the Game, but it's not enough to win
Mandzukic is Interesting to Fenerbahce and Galatasaray. It is also claimed by Loco and Milan
Messi wants to finish his career at Barca. Bartomeu believes that Leo will not leave in a year
Gasperini about Atalanta: we Want to reach the Champions League and break the club's record for points in Serie A
Hames can leave Real Madrid for the Premier League for 25 million euros. A year ago, Atletico and Napoli offered 45-50 million euros for him. Real Madrid Midfielder Hames Rodriguez is likely to change clubs at the end of the season