wildLEAKx has learnt the agreement was signed by the two ministries on Tuesday, May 11, 2021.
Details about the agreement were revealed by the Deputy Minister-designate for Tourism, Arts and Culture, Mark Okraku Mantey.
He wrote: “Ghana’s Ministry of Finance and Ministry of Tourism, Arts and Culture sign One Hundred Million Ghana Cedis (Ghs100,000,000.00) GhanaCARES Obaatanpa agreement.
“On Tuesday, May 11, 2021, the two ministries (MoF & MoTAC) concluded the compact agreement under the Ghana Covid-19 Alleviation and Revitalisation of Enterprises Support (GhanaCARES) Obaatanpa program.
“Two out of eight compact agreements to be rolled out are with the Ministry of Tourism, Arts and Culture for an amount of One Hundred Million Ghana Cedis (Ghs100,000,000.00) and the Ministry of Trade & Industry for an amount of Two Hundred and Eighty-Two Million Ghana Cedis (Ghs282,000,000).
“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 targets set for the various ministries under the CARES programme for the 2021 fiscal year.”