Mid-year Budget: Ofori-Atta outlines plans to create 1 million jobs for the youth

The Minister of Finance, Ken Ofori-Atta has reiterated government’s desire to create employment for the Ghanaian youth.

Ghana's Finance Minister, Ken Ofori-Atta.

He said this by disclosing the specifics for an agenda to create one million jobs for Ghanaians in the next three years.

In his mid-year budget reading at Parliament House in Accra today, the Minister said the plans have been formalized.

Ofori-Atta said the government’s transformation agenda for the year remains on course, adding: “However, with COVID-19 still with us, it is important to stress that this recovery is only the beginning; a beginning that requires our collective sense of responsibility and action as citizens to guide, protect and participate in the recovery efforts.”

“One of the serious impacts of the COVID-19 pandemic has been the loss of jobs, which has exacerbated the unemployment problem, particularly among the youth. As such, government is ready with a comprehensive programme to tackle this intractable problem. The goal is to create employment opportunities for a million of our young people over the next two and a half years by igniting a high spirit of entrepreneurship. We will count on the support of this august House.

“Our focus on taxes is to collect what is due the Republic. To this end, we are building a robust framework to expand Domestic Revenue Mobilisation to focus on compliance and enforcement nationwide. We 7 have established the Revenue Assurance and Compliance Enforcement (RACE). The remit of RACE is to identify and eliminate revenue leakages in areas such as petroleum bunkering, gold and minerals export, port operations, transit goods, warehousing, border controls and free zones operations, to name but a few,” he added.

Ofori-Atta said the government has outlined plans to create about one million jobs as part of a three-year strategy to address youth unemployment in the country.

According to him, though the government through its flagship programmes like the 1 District 1 Factory and Planting for Food and Jobs has created significant number of jobs, the issue of youth unemployment in the country still persists and it is thus putting measures in place to create more and better jobs for young Ghanaians, both in the public and the private sectors of the economy.

He said: “I have had extensive discussions with my colleague ministers of employment and labor relations, youth and sports and lands and natural resources. These conversations culminated in a comprehensive strategy to sustainably address youth unemployment. New programmes will be introduced and existing ones scaled-up and refocused to meet the aspirations of our youth.

“We will work together to sensitise and connect the youth to the numerous opportunities being made available by Government programmes, including a three-year strategy to create job opportunities for 1 million Ghanaian youth. There are currently about five on-going programmes through which we intend to create these jobs.”

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