closures across the world in response to this emergency would send a major disruption to the global economic system.
Mr Speaker, various Governments around the world and multinational agencies are putting in place policies and measures not only to address the Coronavirus pandemic, but also to mitigate the social economic prices, protect jobs and incomes as well as provide and extend social protection services to the vulnerable in society.
The United States Senate, just last month, passed a US$2 trillion COVID-19 Aid Package to address the pandemic and also provide economic relief to workers, businesses, and hospitals among others. Mr Speaker, the World Bank Group is also rolling out a US$14 billion FastTrack Package to strengthen the COVID-19 response in developing countries and shortening the time of recovery.
In Europe, the European Central Bank has announced a £750 billion Eurobond to purchase programmes designed to mitigate the enormous economic and financial risk to the Eurozone caused by the pandemic. In Asia, the Bank of Japan has also launched a 1.3 trillion Japanese Yen equivalent to US$11.7 billion,
emergency bond purchase programme.
Mr Speaker, Ghana, like many other countries in the world, has not been spared this pandemic. As of today, 205 cases have been confirmed, five people have died from this pandemic and 31 patients have recovered thus far.
As we all know, a number of measures have been taken by Government to help address the outbreak of the COVID-19. Notable amongst them is the closure of all borders and airports, a partial lockdown of major cities which include Greater aCCRA, Kumasi Metropolitan Area, Tema and Senya Beraku Municipality in the Central Region.
Mr Speaker, by this special lockdown, Ghanaians are only allowed to go out to get essential items such as food, water, medicine and undertake banking transactions. Additionally, Ghanaians are further encouraged to observe social and physical distancing and practise personal hygiene which includes regular washing of hands and the use of sanitisers.
Mr Speaker, this House have been apprised of preliminary analysis of the macro fiscal impact of this pandemic. Indeed, there would be a likely significant slowdown in our GDP growth, significant shortfalls in petroleum revenues and shortfalls in
import duties and other tax revenues, increased health expenditures and tighter financing conditions and consequences on the 2020 Budget.
A number of measures have been taken to address these financial challenges including the COVID-19 National Trust Fund Bill which was passed a day before yesterday to receive donations for disbursement to individuals who have been impacted negatively by the disease.
Mr Speaker, the President of the Republic and some members of the Executive, Parliament and your good self, have all made donations to this Fund. Mr Speaker, let me announce that the Majority Caucus has decided to donate GH¢100,000.00 to complement the effort of Government to fight this destructive menace. [Hear! Hear]!
Mr Speaker, the World Bank and International Monetary Fund (IMF) are jointly providing over US$100 million to Ghana to assist the country in tackling the COVID-19 pandemic. This US$100 million facility would be made available to Government and the people of Ghana as part of a short, medium and long term support. In addition to this facility, a US$65 million contingency emergency response component would also be made available to support critical activities
such as laboratory equipment and chemicals, essential medical equipment and supplies including test kits and personal protection equipment (PPE).
Mr Speaker, we are aware of the complementary efforts of the private sector in the fight against this pandemic and we commend them. To our front liners, the doctors and nurses who are at the fore front of this fight against COVID-19, we urge them to continuously work hard to save lives. As we all know, Government is working hard to provide them with the necessary PPEs to ensure the safety of the health workers.
Mr Speaker, this nation has prayed to God; the Creator we all believe in, and what is left for us is to step out and conform with common sense and the dictates of science. If we comply, we trust that the pandemic would soon be over for us to go about our regular duties.
Mr Speaker, as we rise today, we should be mindful that the spectre is not yet over, and for as long as it remains with us, Parliament must be on stand by to respond to the demands of the situation of emergency. Mr Speaker, I would like to take this opportunity to express felicitations to you and your deputies for the manner in which the affairs of this Meeting has been steered. It is my sincerest hope that God would
continue to grant you wisdom and grace to be just and impartial as possible to guide the House in the discharge of its duties.
My Hon Colleague Members of Parliament have demonstrated patriotism beyond belief, especially those who often stay beyond the normal closing hours and those who availed this House and indeed the Republic of their services on Saturdays. Mr Speaker, Parliament is grateful and Ghana is grateful.
May I also express my appreciation to the Acting Clerk and his staff for working assiduously to enhance the business of the House.
The Parliamentary Press Corps is also commended for tirelessly ensuring that the good people of this country are kept updated on proceedings and indeed of the pandemic.
It is my hope that we would all come back rested, refreshed and poised to continue with the work entrusted to us by the good people of this country.
Mr Speaker, before I sit down I think that it is important to make a few remarks about what has happened. Mr Speaker, your declaration that the House should be suspended indefinitely, given the circumstances of
the times would not - as the Hon Minority Leader wanted us to understand - find expression expressly in the Standing Orders. However, we must recognise that we are not in normal times and in such situations, as our Standing Orders provide in Order 6 which states;
“In all cases not provided for in these Orders Mr Speaker shall make provisions as he deems fit”.
Mr Speaker, if anybody intends to challenge the direction given by the Speaker in any matter, that person would know what to do. In any event, what the Speaker has done today is not a proroguing of the House. A prorogation is a discontinuance of a Session, but this is a Meeting and not a Session. [Interruption.] I guess Hon Members would have patience and listen. What the Speaker has done is not a prorogation of a Session and so I believe people would understand it in that context.
Mr Speaker, Standing Order 93 (5) is also clear and I am sad that we should be rising today on this unfortunate note. The Standing Orders are clear that if anybody is aggrieved with the conduct of the Speaker or with any Hon Member, the Standing Orders are clear. The conduct of a Speaker, Members, the
Chief Justice and Justices of the Superior Court of judicature shall not be raised except upon a substantive Motion.
We may not always agree. I disagree with Hon Minority Leader on occasions and he also disagrees with me on occasions. Sometimes, we even raise our voices -- [Interruption] -- Sometimes I disagree with Mr Speaker, just as I have disagreed with the former Speaker of Parliament - [Interruption] -- When we disagree, the Standing Orders are set out for us to express our disagreements.
Mr Speaker, on that note, I would just want to conclude by saying, I thank you once again and Hon Colleagues in the House for how far we have come. I would want to
believe that we shall stand by ready when the occasion demands to come and continue with our Business.
Mr Speaker, I thank you very much for the opportunity.