• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 17, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Government Accessed and Utilized $2.14b to fight COVID-19- CDA

M.Cby M.C
April 21, 2021
Reading Time: 3 mins read
M.Cby M.C
in Economy, One Top Story, Top Stories
0
Government has Accessed and Utilized $2.14b to fight COVID-19- CDA

Minister of Finance- Ken Ofori-Atta

The Community Development Alliance (CDA) has revealed that the government of Ghana accessed and utilized $2,144,950,000  (GHC12,440,710,000) from different sources to fight the pandemic.  

These sources include both domestic and multi-national. For instance, the government obtained resources from the World Bank, IMF, Ghana Stabilization Fund, and the Contingency Fund of the Stabilization Fund. The rest of the sources include the Ghana Heritage Fund, Ghana Exim Bank, and the COVID-19 Trust Fund.

The CDA indicates that the government secured $1bn from the IMF to address fiscal and balance of payment needs. Also, the government sourced a total of $100m from the World Bank.  This comprise a first disbursement of $35m. Of this amount, the government allocated $4.5m for Case Detection, Confirmation, Contact Tracing, Recording and Reporting.  Another $12.7m for Containment, Isolation and Treatment and $0.7m for Social and Financial Support to Households.

RelatedPosts

Cedi’s 60th Anniversary to Mark Turning Point in Ghana’s Fight Against Dollarisation

Ghana Saves $300M from Renegotiated IPP Power Deals 

We Have Turned the Corner: More Sterilization and Credibility Needed – BOG Governor

 Also, government earmarked $3.6m for Health System Strengthening and $3.4m for the One Health approach. The government allocated $7.4m for Community Engagement and Risk Communication. The remaining $2.7m was earmarked for Implementation Management, Monitoring and Evaluation and Project Management.

Furthermore, the CDA indicates that the government used the second release of $65m to support critical activities. They include laboratory equipment and chemicals, essential medical equipment, and supplies, including test kits and PPEs.

Moreover, the CDA states that the government sourced GH¢1.25b (approximately $219m) from the Excess Fund of the Ghana Stabilization Fund (GSF). The government set aside this money for the Coronavirus Alleviation Program (CAP).  

ADVERTISEMENT

Likewise, the government also sourced $10million loan from the Ghana Exim Bank to produce emergency PPE gear. The CDA further notes that the state also sourced GHc57.15million (about $9.85million) as of December 2020 from the Ghana COVID-19 Trust Fund. This was to assist the poor and vulnerable.

Proper procurement procedures

Meanwhile, the CDA questions the procurement procedure of the government’s PPEs for schools during the partial reopening of schools for BECE and WASSCE candidates. The government said it donated 18,000 Veronica Buckets and 800,000 pieces of 200-millilitre sanitizers for schools. Also, the government stated that it provided 36,000 rolls of tissue paper, 36,000 gallons of liquid soap and 7,200 thermometer guns. Furthermore, the CDA cites the government to have said that it provided hot meals for 540,000 final students and teachers. This lasted for three weeks during the 2020 WASSCE and BECE exams.

However, the CDA notes that there is no full disclose of who the government awarded these contracts, and from which fund.  Also, the CDA raises concerns as to whether the contracts went through the proper procurement processes.

As a result, the CDA uncovered several breaches of procurement procedures in its corruption assessment on the fight against COVID-19.  As such, it outlines several recommendations for the government as well as other multi-national institutions.  It urges government to publish all public contracts to mitigate corruption risks such as hidden contracts, overpricing, and collusion. The CDA also advices the government to use open and competitive bidding.  

Moreover, the CDA notes that adequate forms of control, auditing and reporting scrutinizing should precede emergency non-competitive processes. It urges government to publish beneficial ownership information of companies that it awarded contracts.

Furthermore, the CDA recommends that the government should channel donor funding through the budget with full transparency on its utilization. The institution also urges Parliament to ensure parliamentary scrutiny of all COVID-19 procurement. It also tasks the legislature to secure legal authorization of policy measures.

READ ALSO: Political accountability is vertical and horizontal- Ade Coker

Tags: Community Development AllianceghanaGhana Exim Bankghana heritage fundGhana Stabilization FundIMFWorld Bank
Please login to join discussion
Previous Post

Parliament: We are incapacitated on illegal mining matters- South Bayi MP

Next Post

Commodity prices to remain stable all year round- World Bank

Subscription Form

Related Posts

Cedi’s 60th Anniversary to Mark Turning Point in Ghana’s Fight Against Dollarisation
Economy

Cedi’s 60th Anniversary to Mark Turning Point in Ghana’s Fight Against Dollarisation

October 17, 2025
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition
Extractives/Energy

Ghana Saves $300M from Renegotiated IPP Power Deals 

October 17, 2025
We Have Turned the Corner: More Sterilization and Credibility Needed – BOG Governor
Economy

We Have Turned the Corner: More Sterilization and Credibility Needed – BOG Governor

October 17, 2025
Cedi Regains Muscle As BoG Hands FX Market Control to Commercial Banks
Economy

Cedi Regains Muscle As BoG Hands FX Market Control to Commercial Banks

October 17, 2025
Alan John Kwadwo Kyerematen, Founder of the United Party
General News

The Paradise Project: Alan Kyerematen Unveils United Party, to Make Ghana Africa’s Economic Powerhouse

October 16, 2025
Services Sector Dominates Ghana’s 4.5% Economic Growth Amid Industrial Slowdown
Economy

Services Sector Dominates Ghana’s 4.5% Economic Growth Amid Industrial Slowdown

October 16, 2025
 Heath Goldfields set to Resume Operation in the Bogoso-Prestea Mine
Extractives/Energy

 Heath Goldfields set to Resume Operation in the Bogoso-Prestea Mine

by Bless Banir YarayeOctober 17, 2025
Trump To Meet Putin In Hungary For Talks On Ukraine War
Europe

Trump-Putin Meeting In Budapest Cautiously Welcomed

by Comfort AmpomaaOctober 17, 2025
Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity
General News

Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity

by Emmanuel Tibila BoasahOctober 17, 2025
Her Ladyship Justice Gertrude Araba Esaaba Sackey Torkornoo
General News

Torkornoo Challenges Removal, Demands Halt of Chief Justice Nominee Vetting

by Evans Junior OwuOctober 17, 2025
Forbes Crowns Standard Bank as Africa’s #1 Employer and Among World’s Best
Banking

Forbes Crowns Standard Bank as Africa’s #1 Employer and Among World’s Best

by M.COctober 17, 2025
A dramatic image of an oil refinery transitioning into a renewable energy facility.
Extractives/Energy

Ghana Targets 50% Renewable Energy Generation by 2060 

by Prince AgyapongOctober 17, 2025
 Heath Goldfields set to Resume Operation in the Bogoso-Prestea Mine
Trump To Meet Putin In Hungary For Talks On Ukraine War
Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity
Her Ladyship Justice Gertrude Araba Esaaba Sackey Torkornoo
Forbes Crowns Standard Bank as Africa’s #1 Employer and Among World’s Best
A dramatic image of an oil refinery transitioning into a renewable energy facility.

Recent News

 Heath Goldfields set to Resume Operation in the Bogoso-Prestea Mine

 Heath Goldfields set to Resume Operation in the Bogoso-Prestea Mine

October 17, 2025
Trump To Meet Putin In Hungary For Talks On Ukraine War

Trump-Putin Meeting In Budapest Cautiously Welcomed

October 17, 2025
Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity

Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity

October 17, 2025
Her Ladyship Justice Gertrude Araba Esaaba Sackey Torkornoo

Torkornoo Challenges Removal, Demands Halt of Chief Justice Nominee Vetting

October 17, 2025
Forbes Crowns Standard Bank as Africa’s #1 Employer and Among World’s Best

Forbes Crowns Standard Bank as Africa’s #1 Employer and Among World’s Best

October 17, 2025
A dramatic image of an oil refinery transitioning into a renewable energy facility.

Ghana Targets 50% Renewable Energy Generation by 2060 

October 17, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.