The Finance Minister, Mr Ken Ofori-Atta, says the government’s decision to employ some 100,000 graduates under the Nation Builders’ Corps (NBC) is a right move to deal with the volatile unemployment situation.
He said the country required sustainable measures to help provide jobs for the youth to avoid serious problems in the future.
Mr Ofori-Atta, who was speaking at the PwC 2018 budget forum, said the programme would be planned to ensure that it did not negatively affect the public sector wage bill.
The forum is an annual initiative by the PwC to help break down government policies as announced in the budget to partners and stakeholders of the audit and accounting firm.
Mr Ofori-Atta said the graduates would be engaged in critical areas such as; the collection of taxes, enforcement of sanitation rules and delivery of health and education services in the various district, municipal and metropolitan assemblies.
Mr Ofori-Atta said the NBC was a well-thought-out programme meant to address the national security risk posed by growing graduate unemployment.
Meanwhile, the Minister said the Ghana Infrastructure Investment Fund would be reviewed to allow for additional resources to be committed to the fund.
He said the move is to restructure the Fund to allow for mobilisation of foreign and private capital for critical infrastructure development.
“We are looking at the GIF law so that we move the fund to about US$1 billion or even US$2 billion to be a key player in our infrastructure drive,” he stated.
The GIIF was established in 2014, in pursuant to the GIF Act, Act 877 of 2014 with the mandate to provide financial resources to manage, coordinate and invest in a diversified portfolio of infrastructure projects in the country for national development.
Dr Eric Osei-Asibey, a lecturer at the Economics Department of the University of Ghana, Legon, commended the government for fiscal consolidation and a stable economy but wondered if the growth would be sustainable over the medium to long term.
On lending rates, Dr Eric Osei Asibey, urged the government to put in place measures that would ensure a rapid decline of lending rates in the country, insisting that the move would be a major first step to ensure the private sector drive inclusive and sustainable growth.
However, he said, there was the need for government to adopt measures to mobilise enough domestic revenue to avoid a cut in expenditure to ensure fiscal consolidation.
“If you want to ensure fiscal consolidation, you look at either increasing your revenue generation or cutting expenditure or the combination of the two but we have so far achieved fiscal consolidation largely because we cut expenditure and that is good but to what extent can we continue to do that,” he explained.
Mr Abeku Gyan-Quansah, Associate Director PwC Ghana, said it was time stakeholders developed a home grown dispute resolution mechanism to deal with business disputes between partners.
Source: GNA
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this idea is a good, one, for it to succeed, IT MUST NOT BE RUN BY POLITICIANS!! It has to be managed by technocrats who are carefully chosen by merit who desire to achieve and accomplish tangible results. Not politicians and their appointees who always SQUABBLE over foooooooooolish things and squander money whiles nothing gets done.
the first two commenters here have a point. If nation builders do their work in their home regions and districts, they will create employment and improve infrastructure in their respective areas. That will ease the rural-urban migration into Accra and Kumasi. It will also keep skills and wealth in their respective districts and regions. I like the idea of the nation-builders working in their home regions and districts instead of transferring them all over Ghana where they will chop the money and do shoddy work because it is NOT FOR THEM.
I agree with Mmmarijata. The nation-builders corp must work in their respective home regions and districts. so that they will be more conscious of the quality of the work. Do not expect using someone from Greater Accra to build in Upper West to do a patriotic job!
this will work better if the so-called builders DO IT IN THEIR RESPECTIVE HOME REGIONS!