URGENT
🇬🇭 GhanaBusiness

Ghana allocates 2 billion cedis to youth employment

By , based on MyJoyOnline

Ghana allocates 2 billion cedis to youth employmentAcephoto · CC BY-SA 4.0

Ghana’s government plans 3.5 billion cedis for the Ministry of Youth Development and Empowerment, including 2 billion for employment and training. One billion will fund allowances for National Service personnel, Finance Minister Cassiel Ato Forson announced, according to MyJoyOnline.

Ghana will allocate 2 billion cedis to youth employment and skills development programmes in the 2027 budget, from a total allocation of 3.5 billion cedis for the Ministry of Youth Development and Empowerment. Finance Minister Cassiel Ato Forson announced the allocation on Thursday 12 November during the presentation of the budget to Parliament.

An additional 1 billion cedis will fund allowances for people undertaking national service across the country. The National Entrepreneurship and Innovation Programme, a public programme supporting entrepreneurship and innovation, will receive 170 million cedis, while the National Youth Authority will receive 200 million cedis, according to Cassiel Ato Forson.

The funds allocated to employment and skills will finance initiatives aimed at improving youth training and their opportunities to access the labour market. National Service personnel are deployed in public and private institutions, where they gain professional experience while contributing to the provision of services, according to the Ghanaian government.

Share this article

Related stories

Ghana allocates 11.3 billion cedis to roads

The Ghanaian government plans 11.3 billion cedis for the Ministry of Roads and Highways in the 2027 budget, including 7.8 billion for capital expenditure and 3.5 billion for road maintenance. The funds are intended to improve links between communities, production areas and markets, according to Finance Minister Cassiel Ato Forson.

🇬🇭 Ghana · Source: Starr FM ·

Ghana to invest $300 million in artificial intelligence

The Ghanaian government plans to invest $300 million between 2027 and 2028 to create a National Artificial Intelligence Centre and upgrade rural mobile networks from 2G to 4G. The announcement, made during the presentation of the 2027 budget, also targets digital training and research, according to Finance Minister Cassiel Ato Forson.

🇬🇭 Ghana · Source: MyJoyOnline ·

Ghana plans 389.2 billion cedis in spending in 2027

Ghana’s budget provides for 389.2 billion cedis in spending in 2027, including 30 billion for the first year of the New Economy programme. The government also plans to repay 29 billion cedis of restructured bonds three months ahead of maturity, according to Finance Minister Cassiel Ato Forson.

🇬🇭 Ghana · Source: 3News ·

Ghana allocates 685 million cedis to Kejetia Market

Ghana’s government plans 685 million cedis to complete the second phase of Kejetia Market in Kumasi in the 2027 budget. The funding is part of 17.6 billion cedis for local government, traditional authorities and religious affairs, according to Minister Cassiel Ato Forson.

🇬🇭 Ghana · Source: 3News ·

🇬🇭 Latest from Ghana

Ghana seeks to close fish deficit through aquacultureGhana seeks to close fish deficit through aquacultureGhana wants to develop aquaculture to close an annual fish deficit of 500,000 tonnes, Finance Minister Cassiel Ato Forson announced. The 2027 budget notably provides support for producers, financing, health infrastructure and a strengthened cold chain, according to Starr FM.All Ghana news →

Business in West Africa

Nigeria’s gas debts threaten electricity supplyNigeria’s gas debts threaten electricity supplyGas sector debts, estimated at 639 billion naira, threaten power generation in Nigeria, according to industry stakeholders. They also point to a lack of gas investment and grid weaknesses as supply disruptions continue across the country, Punch reports.All Business news →

The week in Africa

This week’s highlights

  1. SADC prepares regional plan against Ebola🇨🇩 DR Congo
  2. Ukraine: Witkoff and Kushner meet Putin in Moscow🇷🇺 Russia
  3. Trump threatens Iran with destruction after attack🇺🇸 United States
  4. Woman appointed vice-chancellor of University of Jos🇳🇬 Nigeria
  5. São Tomé: Américo Ramos appointed prime minister🇸🇹 São Tomé and Príncipe
All of this week’s highlights →

Africa in your inbox

Be the first to get our letter in English: the essentials from every region of the continent, free.

Free · one email a week · unsubscribe in one click. Your address is only used to send you the letter, never sold. Personal data

← Back to the news