Ken Ofori-Atta Announces Government’s Planned Support For Informal Sector

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Finance Minister Ken Ofori-Atta has announced authorities intends to help the casual sector as a part of measures to mitigate the unfavourable impression of the Coronavirus pandemic on the financial system.

According to the minister, government has already begun engagement with a number of commerce unions and associations on how numerous players within the casual sector can profit from the monetary relief package authorities allotted.

While laying out means by which affected players within the informal sector can access the fund, Mr Ofori-Atta mentioned his outfit, along with the Trade Ministry and different stakeholders, are working hand in hand to make sure that the vast majority of daily employees are reached with the bailout.

“We are going to be working with MBSSI and the rural banks, Ghana Commercial Bank and the consolidated Bank because of the reach and then work with the trade associations, which the Minister of Trade and Industry is getting a list of them. Then we will figure out a way which this can be transmitted that would get to a majority of those people,” he told Samson Lardy

Although a number of questions have been raised in regards to the availability of data to make sure the appropriate disbursement of funds for affected casual sector players, the Finance Minister had earlier assured that his outfit was working with the Ghana Statistical Service to seek out viable options.

Ghana’s casual sector is tipped as one of many main areas to be brutally affected by the lockdown as many employees reside by day by day gross sales and revenue, in any other case referred to as ‘by day’.

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