imposed on the people of Ghana by the coronavirus pandemic, and to rescue and revitalise our industries that have fallen prey to the pandemic. The President further stated that the Minister for Finance would immediately make available a minimum of GH¢1.00 billion to households and businesses, particularly micro, small and medium- size enterprises, as part of the initiative.
Mr Speaker, thereafter, on 30th March, 2020, the Hon Minister for Finance delivered a Statement on the “Economic Impact of the COVID-19 on the Economy of Ghana” to Parliament.
The Hon Minister also placed before Parliament a proposal that sought parliamentary approval to lower the cap on the Ghana Stabilisation Fund (GSF) from US$300 million to US$100 million, and to transfer the excess amount of US$219 million over and above the newly proposed cap to the Contingency Fund to finance the Coronavirus Alleviation Programme
(CAP).
Mr Speaker, I wish to express our profound gratitude to Parliament for working expeditiously to approve the proposal to lower the cap on the Ghana Stabilisation Fund from
US$300 million to US$100 million. This has enabled us to transfer the cedi equivalent of US$219 million that is, one billion, two hundred and three million Ghana cedis into the Contingency Fund.
Mr Speaker, the pandemic continues to rage and yesterday, the world recorded the largest number of deaths in a day which included 1,850 people from the United States of America. Mr Speaker, a number of Ghanaians have also died in Ghana and in foreign countries including Mr Mike Adjei (former employee of the Daily Graphic and State Hotels). May their souls rest in perfect peace.
Mr Speaker, since we came to Parliament on Monday March 30, the global number of cases has soared from 693,282 to 1,279,722 with 72,614 deaths. In Ghana, we have 287 cases as of April 6th with five deaths. Greater Accra 258, Ashanti 18, Northern 10, Upper West 1 and Upper East 1 and Eastern Region 1.
It is this apocalypse that our President has sworn to avert from our land. His Excellency deeply believes like our noble Statesman, Dr J.B. Danquah who said that we the citizens of Ghana are all adehyee - Royals. He will therefore use our
resources to protect and ensure the sanctity of the life of every citizen.
Mr Speaker, in his fifth Address to the nation on 5th April, 2020, which focused on Ghana's response to the COVID-19 Pandemic, His Excellency the President, outlined a number of reliefs for Ghanaians as part of the measures that Government planned to mitigate on the impact of the COVID-19 Pandemic.
Mr Speaker, the Coronavirus Alleviation Programme will primarily support the provision of food and water for households and sanitation, relief for health sector workers who are modern-day protectors and soldiers against this unseen enemy and soft loans for micro, small and medium-size enterprises to alleviate the distractions of our business people -- informal, who represent 90 per cent of our employees.
Mr Speaker, the President's Address calmed the nation; removed any premonition of sinking into a Dante's Inferno and reassured us that we indeed have a war time leader, our Moses, to lead us to our promised land: a leader one can trust, who we can pray and work with and who will turn this ‘misadventure' into a new
vibrant industrial landscape. But all of us as citizens must pull in one direction; we must hold up his hands to inspire us to defeat this virus. The Lord will make a way in this desert as He unfolds a new thing for the nation as promised in Isaiah 43.
Mr Speaker, at the end of this trauma and pandemic, we should have reinforced our identity as a nation that cares, visits the fatherless, widows and protects the poor and vulnerable. That is our most sacred duty and responsibility; beyond the cold calculus of the economics.
Mr Speaker, consistent with article 177 (1) of the 1992 Constitution, I am by this presentation submitting a request to the Finance Committee to grant us the authorisation to access the requisite amounts from the Contingency Fund to confront the challenge that has engulfed the nation in this matter of Coronavirus (COVID-19) affliction.
Mr Speaker, following this, the Ministry will take steps going forward to do the needful. These are extraordinary times and we must respond with a deep sense of social justice so that our very humanity is not compromised. Permit me to end with Parliament's own prayer: ‘God, grant