Ken Ofori-Attah, Minister of Finance, has announced that government has released a sum of GHS 30m for the funding of the National Builders Corps (NABCO) policy.
He said this during his delivery of the mid-term budget review to Members of Parliament in Accra.
President Akufo-Addo launched the NABCO policy in May in Kumasi and it is intended to alleviate the extreme unemployment among graduates in the country.
It is expected to employ over 100,000 unemployed Ghanaian graduates within four years.
“The 2018 Budget provided GH¢600 million for the implementation of NABCO, out of which GH¢30 million has been released to take care of the initial cost of the programme,” he said.
The presentation of the mid-year budget review is in line with Ghana’s Financial Management Administration Act which requires that the Minister for Finance appear before Parliament not later than July 31, to submit a Mid-Year Fiscal Policy review.
The review gives the government the opportunity to inform the Parliament of its revision of economic targets and forecast for the remaining half of the year.