Mid-year budget review: Gov’t to pay temporary incomes to sacked workers
- The government may soon outdoor a scheme to provide temporary incomes to those who are no longer employed due to the outbreak of COVID-19
- The policy, to be known as the National Unemployment Insurance Scheme (NUIS), will provide economic support for such people
- Details about the criteria for eligibility and length of the programme are unclear
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Information available to YEN.com.gh shows the government is likely to pay temporary incomes to those who lost their jobs following the outbreak of the coronavirus.
The National Unemployment Insurance Scheme (NUIS) will become one of the remedial measures employed by the government to lessen the financial burdens on such people.
Details relating to the nature and composition of the relief are unclear, but it expected the Minister of Finance, Ken Ofori-Atta, will provide details about it.
Source: UGC
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Per a report by graphic.com.gh, details expected to be shared include criteria for qualification, the amount to be paid to each beneficiary, and the duration of the scheme.
YEN.com.gh earlier reported that an economist, Professor Godfred Bokpin, has called on Ghanaians to minimise their expectations with respect to the mid-year budget review.
According to him, the budget review will not fix Ghana’s economy overnight given the devastating effects of the coronavirus.
He argued that a lot would depend on prudence and sacrifice from all Ghanaians.
Professor Bokpin went on to say that the coronavirus is yet to be tamed, and for that reason, the situation has become very fluid.
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Source: YEN.com.gh
