Thursday, February 22, 2024 – Deputy Minister of Finance, Dr. John Kumah, has revealed that the Government amassed GH¢1.19 billion through the E-levy in 2023.
A
portion of these funds was directed towards initiatives like the YouStart
Program, Ghana Enterprise Agency, and National Entrepreneurship and Innovation
Programme, aimed at addressing the country’s unemployment challenges.
These
comments were made in light of the recent data from the Ghana Statistical
Service, highlighting a youth unemployment rate exceeding one million, at the
media launch of the Wealth and Jobs Expo Ghana.
He
said the Ghana Statistical Service on Wednesday, February 21, 2024, announced
that about 1.5 million Ghanaian youth are unemployed.
According
to him, last year, E-levy generated GH¢1.19 billion and as part of dealing with
the job situation… unemployment situation, government has committed funds
through YouStart from this E-levy sources…to GEA and NEIP to address the
unemployment situation in the country, and "I am happy to announce that
institutions like Wealth and Jobs Expo and all private groups that are willing
to help create jobs in the private sector will also be supported to help create
jobs and businesses in the private sector."
He stressed the Government's focus on attracting investments, fostering job creation, and underscored the significance of cultivating faith in entrepreneurship to address the unemployment rate.
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