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Unemployment Benefits Scheme to be announced by Government in Mid-year Budget – Finance Minister reveals

Minister for Finance, Ken Ofori-Atta has indicated that, government is working to roll out unemployment benefits for Ghanaians post Covid-19.

According to him, the decision was made due to how conditions of some workers have been affected because of the coronavirus pandemic.

“As a society we should have such a program to cushion Ghanaians when needed who have been affected by the disease,” he said.

Speaking on PM Express on JOY NEWS the Minister said the details would be announced in the Mid-Year Budget Review set to be presented by him on the floor of parliament on Thursday July 23, 2020.

He further stated that the assistance is needed to support workers who have lost their jobs due to the Covid-19 pandemic. Mr. Ofori-Atta further stated that as a government they are committed to offering assistance to the vulnerable in our societies.

The minister also revealed that government will roll out another set of stimulus package geared towards supporting businesses in the country which will be captured under its Covid-19 Alleviation program.
The minister further said there are policies and programs that would fast track the economy to prevent a recession of the Economy.

“This program would also help mitigate the impact of COVID 19 on the economy to secure a stronger economy”

Government earlier this year rolled out it’s much talked about ¢1 billion stimulus package for small businesses. This was aimed at assisting small firms that have been badly hit by the coronavirus pandemic.

The next round of stimulus package according to minister would target large firms in the country.

Paa Kweku Eshun|Talksafrica.com

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