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Wednesday, January 19, 2022

N.Y.E.P. cash crisis meeting

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nana_akomea.jpgOfficials of the National Youth Employment Programme (NYEP) and the
Agriculture Development Bank (ADB), are meeting on Wednesday to
finalise preparations for the payment of NYEP employees allowances
which the ADB is to pre-finance under an agreement with the Ministry of
Manpower, Youth and Employment.

The
payment of allowances to NYEP employees was to have started on Monday
by ADB branches countrywide, and selected rural banks, but it did not
begin, apparently due to administrative problems.

A source
close to the ADB head office told the Times on Monday that the bank had
not received the letter of authorisation to effect payment.

"As
bankers, we take instructions; we have the money and the list of
beneficiaries, but we have not yet been authorised to pay," the source
said. The Ring Road Central branch manager of ADB, J.D. Turkson also
told the Times that, they had not commenced payment of the allowances
because the head office had not yet furnished them with names of
beneficiaries.

A deputy National Co-ordinator of NYEP, Fati Seidu, said due to a hitch the banks are yet to be authorised to start payment.

Ms Seidu said "the meeting today is to address the difficulties to do with procedures and modalities of payment".

At
the NYEP head office in Accra, a number of employees of the programme
were making last minute efforts to process their identif ication cards
to enable them to access their money.

Ms Seidu said one of the
employees did not have their pictures for the identification cards to
be processed adding, "they are now rushing to do so, creating problems
for us."

The NYEP last Saturday held an orientation course for
efficials of ADB, and are scheduled to have another one on Wednesday to
finalise preparations for the payment to begin.

However, she
said while efforts are being made to address the problems, the
employees would be paid their April and May allowances over the counter
adding that "hopefully, we shall start paying them through their
accounts at the end of this month."

The Minister of Manpower
Youth and Employment, Nana Akomea, told the Times on phone that the
opening of bank accounts for 70,000 people under the scheme, could
possibly be the reason for the delay in the start of the payment.

The
Ministry and the ADB on June 16, 2008 signed a memorandum of
understanding to pay the employees through the bank’s branches across
the country as well as at rural banks.

Under the agreement,
the beneficiaries will open accounts with ADB branches in their
localities through which they will be paid.

The government
will reimburse the bank through outflows from sources from the Ghana
Education Trust Fund, National Health Insurance Scheme, HIPC fund and
National Communication Tax.

The new payment system is expected
to solve the perennial delay in the payment of allowances that nearly
stalled the programme as many of the affected employees threatened to
lay down their tools.

An estimated 70,000 youths will benefit from the payment arrangement with theADB.

The
modules of the programme include community policing, auxiliary health
workers, youth in agriculture and teaching assistants to mitigate the
shortage or teacher, particularly in the Northern parts of the country.

Source: Ghanaian Times

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