Government releases funds to pay NaBCo beneficiaries

Government releases funds to pay NaBCo beneficiaries

The Ministry of Finance has released GH¢67,135,600 for the first payment of salaries for beneficiaries of the Nation Builders Corps (NaBCo).

Some 95,908 trainees who confirmed their acceptance onto the scheme are to benefit from the allowance of GH¢700 each.

The Chief Executive Officer of NaBCo, Ibrahim Anyars, said the beneficiaries were to be paid through the e-zwich system of the Ghana Interbank Payment and Settlement Systems (GhIPSS) to ensure that the beneficiaries were not enrolled on other government programmes.

Nation Builders Corps

Source: Supplied

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Anyars said the first payment was also to enable the beneficiaries to settle into their new places.

He added that a location-based MobileApp had also been developed for the trainees to log in and log out each time they reported for duty and closed from work so that they do not to cheat the system.

The system, he said, would also be endorsed by their supervisors to authenticate their presence at post, as well as the completion of time sheets.

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President Akufo-Addo on May 1, 2018 launched the NaBCo programme in Kumasi as a major government flagship programme to deal with graduate unemployment.

It was designed to meet the pressing needs of the nation, while providing jobs for the teeming youth who had received tertiary education but were struggling to find jobs, partly because of the ban placed on public sector employment by the International Monetary Fund (IMF).

The scheme was finally outdoored at a public ceremony at the Black Star Square in Accra on October 17, 2018.

READ ALSO: Ghanaian youth are suffering – Shatta Wale tells Nana Addo

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