Our focus right now should be whether this stimulus will reach the target and it is efficient, there are no procurement violations and there is greater value for money,” he said. “In crisis moments, procurement violations are higher,” he added. Some GH¢1.2 billion from this fund has been earmarked for the Coronavirus Alleviation Programme (CAP). This move has been criticised by some economists as a marked shift from the central bank’s stance against budget deficit financing. However, commenting on the matter, Prof Bokpin said a bi-partisan oversight committee that includes the media and civil society should play the critical role of ensuring that the funds reach their targets.

Source: GhanaWeb June 09, 2020 11:37 UTC