Government Collected GH¢1.19 billion From E-levy in 2023 - Deputy Finance Minister

-

According to Dr. John Kumah, the deputy minister of finance, the government received GH¢1.19 billion in revenue from the E-levy in 2023. 

This significant sum has been thoughtfully distributed between programs like the National Entrepreneurship and Innovation Program and the Ghana Enterprise Agency's YouStart Program, which are designed to address unemployment.


Dr. Kumah stressed the government's resolute commitment to use these monies to give young people access to employment possibilities. Speaking at the Wealth and Jobs Expo Ghana media launch, he urged Ghanaians to trust their government's endeavors to strengthen the country's economy.

He said, "Last year, E-levy generated GH¢1.19 billion, and as part of addressing the job situation, the government has allocated funds through YouStart from this E-levy revenue to GEA and NEIP to tackle unemployment in the country."


Concerns about rising unemployment were brought to light in the Third Quarter Labour Statistics Report of the 2023 Annual Household Income and Expenditure Survey. According to the research, the unemployment rate for the first three quarters of 2023 was 14.7%, which is a 1.1% increase over the 13.6% rate from the previous year.


Dr. Kumah admitted that there is still a gender difference in unemployment, with women constantly having higher rates than men. He reaffirmed the government's commitment to drawing in investments and creating an atmosphere that is favorable for the creation of jobs in spite of this tendency.

Recognizing the vital role of entrepreneurship in addressing unemployment, Dr. Kumah expressed confidence in entrepreneurship's ability to stimulate economic growth and alleviate joblessness.

Comments

Post a Comment

Popular posts from this blog

AFCON 2023: Cape Verde Beats Ghana To Top Group B

-
Image
Gary Rodrigues emerged as the hero for Cape Verde, scoring a late goal in added time to secure a 2-1 won over Ghana in their opening game at the 2023 Africa Cup of Nations (AFCON). After this back-and-forth match, the outcome left Ghana reeling and considering their next course of action. Related To This: AFCON 2023: The Outcome Was Really Disappointing To Us - Chris Hughton on Losing To Cape Verde Drama erupted early in the match as Jameiro Monteiro scored Cape Verde's first goal in the 17th minute after Richard Ofori tripped. To the delight of their supporters, Cape Verde held their lead throughout the first half despite Ghana's relentless play in the final third. The contest saw Majeed Ashimeru's disallowed goal, as Ransford-Yeboah's involvement was deemed offside, denying Ghana the chance to level the score early on. However, the Black Stars entered the second half with renewed vigor, with Djiku scoring the equalizer from a corner. Djiku continued to play a heroic ...
Read more

Former US Officials Reaffirm Strong Support for Taiwan Following Presidential Election

-
Image
(Photo Credit: cnn) Despite China's threats, former top US officials flew to Taiwan to reiterate Washington's unwavering support for the island after it chose a president Beijing loathed. Lai Ching-te, the leader of the Democratic Progressive Party (DPP), was elected to an unprecedented third term in government. Beijing was outraged by this, and ties between the US and China were strained as a result. Related To This: Nauru Cuts Ties with Taiwan and Recognizes China While visiting Taiwan, former US national security advisor Stephen Hadley congratulated the island nation on its election triumph and hailed its democracy as a "shining example for the world". Hadley emphasized that the next administration will uphold the United States' strong commitment to Taiwan and the two nations' ongoing partnership. (Photo Credit: cnn) Congratulating Lai and the people of Taiwan, US Secretary of State Antony Blinken emphasized the robustness of Taiwan's democratic system...
Read more

Parliament Summons Transport Minister Over Extra $20 Charge at KIA

-
Image
Minister for Transport, Kwaku Ofori Asiamah, has been called to provide urgent explanations to Members of Parliament (MP) regarding a purported new charge imposed by the Ghana Airport Company (GACL) as maintenance fees. Related To This: British Airways Engages With Government on High Operating Costs At KIA Effective May 1, 2024, passengers traveling through Kotoka International Airport in Accra will be mandated to pay a $20 fee for maintenance purposes and to assist in covering the costs of baggage belt repairs. A letter from the management of GACL to the Chairperson of the Airport Operators Committee of Kotoka International Airport revealed the introduction of a new fee for departing travelers. Dated March 11, 2024, and signed by the Managing Director of Ghana Airports Company Limited, Yvonne Nana Afriyie Opare, the letter outlined that the fee would apply to all round-trip tickets. Alongside the announcement of the $20 round-trip airline ticket fee, GACL specified that $10 of the fe...
Read more