Gov’t to remove funding cap, free up GH¢1bn for youth employment programmes – Ato Forson
The government plans to free up an additional GH¢1 billion for youth employment and apprenticeship programmes by removing the cap on funding allocated to the initiatives.
Dr. Cassiel Ato Forson, the Minister for Finance, announced plans to remove the funding cap on youth employment and apprenticeship programs in Ghana. During the 2027 Budget presentation in Parliament on November 12, the government intends to amend the Earmarked Funds Capping and Realignment Act, 2017, to allow for the allocation of an additional GH¢1 billion for these initiatives.
This reform will remove the cap on revenue from the Communications Service Tax (CST) allocated to youth employment and apprenticeship programs. Dr. Forson stated that this change will provide young Ghanaians with more funding to acquire relevant skills and secure employment opportunities. Additionally, the Finance Minister announced plans to amend and modernize the Youth Employment Act to harmonize various youth employment programs.
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