Media houses eligible to apply for COVID-19 money – Okyem Aboagye
Daniel Okyem Aboagye - Spokesperson on Government’s Finance
Spokesperson on Government’s Finance, Daniel Okyem Aboagye has said media houses that have been badly affected by the COVID-19 pandemic can apply to the government for financial support to keep their businesses on stream.
According to him, organizations that are small or medium in size and can justify how the outbreak has affected them will be eligible to get the support from the Coronavirus Alleviation Program (CAP) put up by the government.
President Akufo-Addo in his address announced a GHS1 billion stimulus package to households and businesses, particularly small and medium scale enterprises, under a Coronavirus Alleviation Programme.
Mr Okyem, who also doubles as Member of Parliament Bantama said media houses also have an option of sending in an unsolicited proposal to the government for support.
“I believe that to the extent that a media house is a small or medium-sized business that can make a justification for getting support because they may have suffered as a result of this, why not? It is just a matter of when they come out with the request for application. If you don’t come as a media house that is interested, you can send an unsolicited proposal to the Minister of Finance or whatever quarters to make a case for the support. I think media house are covered,” he said.
Parliament approves GHS1.2bn spending from Contingency Fund
Under the Finance Committee of Parliament, approval has been given to the Minister of Finance, Ken Ofori-Atta to spend GHS1.2 billion from the Contingency Fund.
The purpose of the Fund, Coronavirus Alleviation Programme is to cater for struggling businesses, individuals and as well as other interventions to cushion various groups within the population that have been greatly impacted negatively by COVID-19.
Upon implementation by the Finance Minister the program, it is expected to accrue an expected amount of US$50 million into the Fund by close of the year.