Ken Ofori-Atta: Finance Minister to soon announce unemployment packages for Ghanaians

Ken Ofori-Atta: Finance Minister to soon announce unemployment packages for Ghanaians

- Finance Minister, Ken Ofori-Atta, has hinted at a Benefits Scheme for unemployed people in Ghana

- He explained that the outbreak of the coronavirus has led to severe economic challenges and it is important that the government steps in

- The minister further revealed that packages for businesses in Ghana would also be rolled out in the future

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The Minister of Finance, Ken Ofori-Atta, has revealed that the government will soon roll out a scheme for unemployed Ghanaians.

He explained that the package would be detailed in the mid-year budget to be presented in Parliament.

According to him, the decision was reached due to the economic impact of the coronavirus on some workers.

Ken Ofori-Atta: Finance Minister to soon announce unemployment packages for Ghanaians

Minister of Finance, Ken Ofori-Atta Source: Pulse.com.gh
Source: UGC

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He added that it is necessary, as a responsible society, to have such a programme to cushion Ghanaians.

Per a report by myjoyonline.com, he went on to say that the government is concerned about instituting measures to assist the vulnerable in society.

YEN.com.gh understands that concerns have, however, been raised about the manner in which the programme would be financed.

Ofori-Atta also noted that it is highly likely similar packages would be rolled out for businesses and industries.

These, he noted, would be executed under the Coronavirus Alleviation Programme (CAP).

The CAP has been designed to release policies and programmes needed to fast track Ghana’s economic recovery plan.

Ofori-Atta also pointed out the economy has exhibited some resilience even in the midst of the economic challenges COVID-19 brings.

Typical examples, he added, were the current rate of inflation and the stability of the cedi.

YEN.com.gh earlier reported that the Minister of Finance, Ken Ofori-Atta, will soon present the mid-year budget review to Parliament.

Ofori-Atta will present it on Thursday, 23 July 2020, and the action is in line with the requirement of Section 28 of the Public Financial Management Act, 2016 (Act 921).

It has been gathered that the minister will also use the opportunity to request supplementary estimates.

READ ALSO: Inflation falls for the first time in months; current rate is 11.2%

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Source: Yen

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