President Akufo-Addo says the government will be announcing projects and programmes in the upcoming mid-year budget to help in creating some one million jobs.
The Minister of Finance, Ken Ofori-Atta Atta, is expected to present the mid-year budget review for the 2021 Financial Year in Parliament on Thursday, July 29, 2021.
The jobs, according to the President, will come under the Ghana COVID-19 Alleviation and Revitalization of Enterprises Support (Ghana CARES) programme and will be created over three years.
President Akufo-Addo announced his Eid message, as part of this year’s Eid-ul-Adha celebrations at the National mosque on Tuesday, July 20, 2021.
“As has been well-publicized, a few days ago, the Ministry of Finance granted financial clearance to the Ministry of Education and the security services for the recruitment of some 11,800 people to beef up their operations. It does not end there. We will through interventions to be set out in the mid-year budget review announce plans for the creation of one million more jobs under the Ghana CARES ‘Obaatampa’ project over the next 3 years.”
“We are determined to pursue our agenda for job creation to give opportunities for our youth to nurture their talents for the development of our country,” he added.
GHS100 billion Ghana CARES program to be financed through FDIs and PPPs
The government had said it is looking forward to funding its ambitious GHS100 billion Ghana CARES programme and other initiatives through Foreign Direct Investments (FDIs) and Private-Public Partnerships.
Speaking on The Point of View, Mr Ofori-Atta said, “I think we are looking more at PPPs and FDIs directly. We certainly will then determine each of these transactions, whether the government will have to do something with tax waivers or others”.