Ghana CARES
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Ghana CARES
Ghana COVID-19 Alleviation and Revitalisation of Enterprises Support (Ghana CARES) was launched by Nana Akufo-Addo on 18 November 2020 in Accra. Some source also claimed it was launched by Yaw Osafo-Maafo. The program is in two phases. It is also known as "Obaatan Pa”. The program is claimed to serve as a 'blueprint' for Ghana's economy recovery post COVID-19. According to Osei Kyei Mensah Bonsu, the Ghana CARES program 'is the boldest and biggest economic recovery program in the country's history, will enable the country to turn the challenges created by COVID-19 into opportunities for socioeconomic transformation'. Phases The initiative was sequenced in two phases: # Stabilisation Phase that would run from July to the end of the year (2020); and # Medium-term Revitalisation Phase (to be implemented from 2021 to 2023) would revitalise the economy and accelerate the Ghana Beyond Aid transformation agenda. Aims * To inject GH¢100 billion into Ghana's economy in 3years to aid ...
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Nana Akufo-Addo
Nana Addo Dankwa Akufo-Addo ( ; born 29 March 1944) is a Ghanaian politician who has served as the president of Ghana since 7 January 2017. In 2020, he was re-elected for his second term, which will end on 6 January 2025. Akufo-Addo previously served as Attorney General from 2001 to 2003 and as Minister for Foreign Affairs from 2003 to 2007 under the Kufuor-led administration. He was elected as the Economic Community of West African States (ECOWAS) chairman on 7 September 2020. He was re-elected for a second term as the Economic Community of West African States (ECOWAS) Chairman on 2 February 2021. He ended his term on 3 July 2022. Akufo-Addo first ran for president in 2008 and again in 2012, both times as the candidate of the New Patriotic Party (NPP). He lost on both occasions to National Democratic Congress' candidates: John Evans Atta Mills in 2008 and John Dramani Mahama in 2012. After the 2012 general elections, he refused to concede and proceeded to court to challeng ...
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Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , had a population of 284,124 inhabitants, and the larger Greater Accra Region, , had a population of 5,455,692 inhabitants. In common usage, the name "Accra" often refers to the territory of the Accra Metropolitan District as it existed before 2008, when it covered .Sum of the land areas of Accra Metropolitan District, Ablekuma Central Municipal District, Ablekuma North Municipal District, Ablekuma West Municipal District, Ayawaso Central Municipal District, Ayawaso East Municipal District, Ayawaso North Municipal District, Ayawaso West Municipal District, Korle Klottey Municipal District, Krowor Municipal District, La Dadekotopon Municipal District, Ledzokuku Municipal District, and Okaikoi North Municipal District, as per the 2021 ce ...
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Yaw Osafo-Maafo
Yaw Osafo-Maafo is a Ghanaian politician who was appointed in April as the senior presidential advisor to the Akufo-Addo Administration 2021. He was Senior Minister of the Republic of Ghana in the Akufo-Addo Administration from 2017 to 2021. He was Member of Parliament for Akim Oda from 1997 to 2009, and previously served as Finance Minister and in other cabinet roles in the Kufuor Administration between 2001 and 2009. Early life Yaw Osafo-Maafo was born in Akyem Awisa in 1936. He attended Akyem Awisa Presbyterian School and Achimota School. He went on to study Mechanical Engineering at the Kwame Nkrumah University of Science and Technology (KNUST), Ghana. At KNUST he was the Vice President of the National Union of Ghana Students (NUGS). He joined the Volta Aluminium Company (VALCO) as an engineer and rose through the ranks to become the CEO. Osafo-Maafo established his credentials in the banking and finance sector by heading and successfully restructuring two major Ghanaia ...
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Coronavirus Disease 2019
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was identified in Wuhan, China, in December 2019. The disease quickly spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 are variable but often include fever, cough, headache, fatigue, breathing difficulties, loss of smell, and loss of taste. Symptoms may begin one to fourteen days after exposure to the virus. At least a third of people who are infected do not develop noticeable symptoms. Of those who develop symptoms noticeable enough to be classified as patients, most (81%) develop mild to moderate symptoms (up to mild pneumonia), while 14% develop severe symptoms (dyspnea, hypoxia, or more than 50% lung involvement on imaging), and 5% develop critical symptoms (respiratory failure, shock, or multiorgan dysfunction). Older people are at a higher risk of developing seve ...
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Osei Kyei Mensah Bonsu
Osei Kyei Mensah Bonsu (previously known as Lawrence Addae and born on 3 February 1957) is a Ghanaian urban planner and politician. He is currently the majority leader in the Ghanaian Parliament and also the Minister Designate for Parliamentary Affairs in Ghana. Early life and education Osei was born on 3 February 1957. He hails from Bremang-Afrancho, a town in Kumasi, Ashanti Region. In 1982, he graduated from the Kwame Nkrumah University of Science and Technology with a Bachelor of Science degree in Urban Planning. Political career Osei is a member of the New Patriotic Party. He first became a Member of the Parliament in January 1997. He has kept his seat since then, representing his constituency in the 2nd, 3rd, 4th, 5th, 6th and 7th Parliament of the 4th Republic of Ghana. He is the chairperson for the Special Budget, House, and Business Committees. He is also a member of the Finance, Mines and Energy, Standing Orders, and Selection Committees. Elections 1996 Par ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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African Development Bank Group
The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. Mission The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. History Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment of the ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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COVID-19 Pandemic In Ghana
The COVID-19 pandemic in Ghana is part of the worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). The first two cases in Ghana were confirmed on 12 March 2020, when two infected people came to Ghana, one from Norway and the other from Turkey. Background On 12 January 2020, the World Health Organizationbr>(WHO)confirmed that the novel coronavirus was the cause of a respiratory illness that affected a cluster of people in Wuhan City, Hubei Province, China. This was reported to the WHO on 31 December 2019. On 11 March 2020, the World Health Organization declared the novel COVID-19 a pandemic. Timeline and highlight of events Some of the highlights of events over the months after Ghana recorded its first case are mentioned below. March 2020 This month saw the first confirmed cases and an initial response from Ghana's government. Joint meetings among major stakeholders were conducted as well as training sess ...
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Government Of Ghana
The Government of Ghana was created as a parliamentary democracy, followed by alternating military and civilian governments in Ghana. In January 1993, military government gave way to the Fourth Republic after presidential and parliamentary elections in late 1992. The 1992 constitution divides powers among a president, parliament, cabinet, council of state, and an independent judiciary. The government is elected by universal suffrage. Government Political parties became legal in mid-1992 after a ten-year hiatus. There are more than 20 registered political parties under the Fourth Republic. The two main parties are the National Democratic Congress and the New Patriotic Party. The National Democratic Congress is the successor organisation to Jerry John Rawlings' Provisional National Defence Council which was in power from 1981 to 1992."Government and Politics". A Country Study: Ghana' (La Verle Berry, editor). Library of Congress Federal Research Division (November 1994). ''Thi ...
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