Ghana’s Tourism Ministry inks GHS100 million compact deal

Ghana’s Ministry of Finance has signed a compact agreement for post Covid-19 transformation with the Ministry of Tourism under the Ghana CARES Obaatanpa programme on Tuesday, 11th May 2021.

Ghana Covid-19 Alleviation and Revitalisation of Enterprises Support (GhanaCARES) Obaatanpa programme signed the first out of 8 compact agreements with the Ministry of Tourism, Arts and Culture for an amount of One Hundred million Ghana cedis ($17,349,950.00).

These extra allocations fall outside of the said Ministries annual budgetary allocation to ensure strategic and catalytic interventions that will foster a quicker recovery and boost post COVID-19 economic transformation.

The Compact is a partnership agreement between the Ministry of Finance, as the Coordinating authority, and sector Ministries, under the supervision of the Inter-Ministerial Coordinating Committee (IMCC) to ensure effective and timely delivery of the targets set for the various Ministries under the CARES programme for the 2021 fiscal year.

The agreement is one of two that was signed on Tuesday with the Ministry of Trade & Industry also for an amount of Two Hundred and Eighty Two million Ghana cedis (Ghs282,000,000).