President Akufo-Addo has said National Unemployment Insurance Scheme will be instituted to provide temporary income support to workers that have lost their jobs.
According to the president, the Unemployment Insurance Scheme is before Parliament for Approval as part of relief packages under the COVID period.
Speaking to the Nation in his 14th COVID address, Nana Akufo-Addo said Government is increasing funding, under the CAP Business Support Scheme, with an additional one hundred and fifty million cedis (GH¢150 million), to ensure an increased number of beneficiaries.
Furthermore, as indicated by the Minister for Finance, Government is establishing a Guarantee Scheme of some two billion cedis (GH¢2 billion) to enable businesses to access credit at more affordable rates so they can survive, and better able to retain jobs.
“It bears repeating that some of these incentive packages have been extended for the next three months. In my thirteenth (13th) update to the nation, I announced the extension of incentive packages for health workers by another three (3) months, i.e. July, August, and September. In the Finance Minister’s mid-year budget review, he, again, announced that all Ghanaians are to enjoy free water supply for another three months. I intend to have it reviewed at the end of the period. The government is also extending free electricity supply to lifeline tariff customers until the end of the year. The Communication Service Tax has also been reduced from 9 percent to 5 percent, effective September 2020.”
He said all of these reaffirm Government determination to save lives, jobs, and livelihoods, revitalize our economy, and safeguard the future of the country.
Source: Mybrytfmonline/Kofi Atakora
