The Finance Minister, Ken Ofori-Atta, has announced that a total of ¢12.04 billion has been expended so far on Covid-19.
According to figures put out by the Finance Minister in his address to Parliament on Wednesday, June 22, an amount of ¢11.16 billion was allocated for expenditures related to Covid-19.
However, government ended up spending ¢8.12 billion by the end of 2020.
He said in 2021, government spent ¢3.9 billion out of the ¢4.6 billion budgetary allocation, bringing the total Covid-19-related expenditure to ¢12.04 billion.
Ken Ofori-Atta said government had received a total of ¢19.3 billion as Covid-19 support and had spent ¢12.04 billion on all Covid-19-related expenditures.
What’s contained in previous budget documents
In terms of Covid-19-related expenditure, JoyNews’ checks from the 2021 mid-year budget review and the 2022 budget statement revealed that an amount of ¢10.77 billion was released by the Finance Ministry between 2020 and 2021 (January-September).
A breakdown of these figures indicate that government released ¢8.122 billion in 2020 and an additional ¢2.65 billion in 2021, from January to September.
During his address, the Minister revealed that the total release for the year ending 2021 was ¢3.9 billion, bringing the total expenditure for 2020 and 2021 to GH¢12.02 billion.
In the arena of Covid-19 funding, according to data contained in the 2021 mid-year budget, government also received ¢19.3 billion in 2020 as budget support, following the impact of the pandemic.
Funding Sources for 2020 Budget
- IMF – ¢5.85 bn
- World Bank – ¢1.33 bn
- EU – ¢504 m
- AfDB – ¢405.7 m
- Bank of Ghana – ¢10 bn
- GOG Contingency Fund – ¢1.2 bn
Funding sources for 2021 Budget
According to the 2021 mid-year budget document, government also received ¢6.29 billion in the same year.
- Government of Ghana – 4.51 bn
- World Bank – 1.2 bn
- Korea – 349 m
- Germany – 281 m