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.
The government of Ghana intends to lift the funding cap on youth employment and apprenticeship programmes, releasing an extra GH¢1 billion for such initiatives. Minister for Finance Dr. Cassiel Ato Forson disclosed this during the presentation of the 2027 Budget to Parliament on Thursday, November 12. The government plans to modify the Earmarked Funds Capping and Realignment Act, 2017, to eliminate the limit on funds designated for youth employment programmes.
Dr. Forson informed Parliament that this amendment would liberate an additional GH¢1 billion for youth employment and apprenticeship programmes. This reform will allow revenue from the Communications Service Tax (CST) dedicated to youth employment and apprenticeship programmes to be allocated without the current cap. Dr. Forson elaborated that this change will provide more resources to equip Ghanaian youth with relevant skills and enhance their access to employment opportunities.
He also announced plans to revise and modernize the Youth Employment Act to unify various youth employment programmes.
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