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President Nana Addo Dankwa Akufo-Addo says his government intends to roll out a National Unemployment Insurance Scheme to provide temporary income to support workers in Ghana.

According to him, the initiative will help save jobs and improve the livelihoods of workers, particularly those affected by the COVID-19 pandemic.

This was contained in his live televised broadcast to the nation on Sunday, July 26, 2020.

“Once approved by Parliament, a National Unemployment Insurance Scheme will be instituted and will provide temporary income support to workers that have lost their jobs. The 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. 

All of these reaffirm our determination to save lives, jobs, and livelihoods, revitalize our economy, and safeguard the future of our country. I assure you that, under my watch as President of the Republic, Government will continue to work to create a diversified, transformed economy, fashion a conducive business climate that will deliver development, progress, and prosperity for all Ghanaians. This is my solemn pledge to you”, he said.