{"id":154509,"date":"2024-02-22T06:41:26","date_gmt":"2024-02-22T06:41:26","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/02\/22\/govt-generated-gh%c2%a21-19-billion-from-e-levy-in-2023\/"},"modified":"2024-02-22T06:41:26","modified_gmt":"2024-02-22T06:41:26","slug":"govt-generated-gh%c2%a21-19-billion-from-e-levy-in-2023","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/02\/22\/govt-generated-gh%c2%a21-19-billion-from-e-levy-in-2023\/","title":{"rendered":"Govt generated GH\u00a21.19 billion from E-levy in 2023"},"content":{"rendered":"

<\/p>\n

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Deputy Minister of Finance, Dr. John Kumah, has disclosed that the government collected a total of GH\u00a21.19 billion in revenue from the E-levy for the year 2023.<\/p>\n

From this sum, the government allocated funds to its YouStart Program, the Ghana Enterprise Agency, and the National Entrepreneurship and Innovation Programme to combat unemployment in the country.<\/p>\n

Dr. John Kumah made these remarks in response to the latest figures from the Ghana Statistical Service, which indicated that over a million Ghanaian youth were unemployed, during the media launch of the Wealth and Jobs Expo Ghana.<\/p>\n

\u201cThe Ghana Statistical Service on Wednesday announced that about 1.5 million Ghanaian youth are unemployed. Last year, E-levy generated GH\u00a21.19 billion and as part of dealing with the job situation\u2026 unemployment situation, government has committed funds through YouStart from this E-levy sources\u2026to GEA and NEIP to address the unemployment situation in the country, and I am happy to announce that institutions like Wealth and Jobs Expo and all private groups that are willing to help create jobs in the private sector will also be supported to help create jobs and businesses in the private sector,\u201d he said<\/p>\n

Dr. John Kumah further highlighted the government\u2019s efforts in attracting investments into the country while spurring job creation, emphasizing the need for belief in entrepreneurship to address the unemployment rate.<\/p>\n

\u201cIn the medium term, government aims to intensify efforts to attract domestic investments and FDIs [Foreign Direct Investments] in strategic centres with emphasis on creating jobs anchored on government\u2019s growth strategy. The strategy is projected to contribute to creation of approximately 500,000 jobs. We are not saying 1.5 million [unemployed youth], every one of them should create jobs. No. Even if we get it, we get 10% of them, it\u2019s 150,000 who will become entrepreneurs. If they do an average of let\u2019s say 100 jobs\u2026.150,000 x 100, you have almost solved the unemployment problem,\u201d the Deputy Minister of Finance added.<\/p>\n\n

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Deputy Minister of Finance, Dr. John Kumah, has disclosed that the government collected a total of GH\u00a21.19 billion in revenue from the E-levy for the year 2023. From this sum, the government allocated funds to its YouStart Program, the Ghana Enterprise Agency, and the National Entrepreneurship and Innovation Programme to combat unemployment in the country. […]<\/p>\n","protected":false},"author":1,"featured_media":154510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-154509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nGovt generated GH\u00a21.19 billion from E-levy in 2023 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/02\/22\/govt-generated-gh\u00a21-19-billion-from-e-levy-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt generated GH\u00a21.19 billion from E-levy in 2023 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Deputy Minister of Finance, Dr. John Kumah, has disclosed that the government collected a total of GH\u00a21.19 billion in revenue from the E-levy for the year 2023. 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