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Finance Minister Announces End Of NABCo In September 2022 



Finance Minister Announces End Of NABCo In September 2022 

After a shaky four-year run, the Nation Builders Corp (NaBCo) programme will end on September 1, 2022.

The Finance Minister, Ken Ofori-Atta made this announcement while presenting the Mid-year Budget Review on Monday 25th July 2022 at Parliament.

READ ALSO: Gov’t To Bring Back Tolls On Tema Motorway – Ofori Atta

According to the Finance Minister, the youth employment initiative has engaged 100,000 young graduates and prepared many of them for the world of work.

“So far we have invested approximately GH¢2.2 billion. As they exit, the current cohort on the programme are encouraged to take advantage of the YouStart initiative and other existing programmes in our drive to Build an Entrepreneurial Nation,” the minister told Parliament.

In 2018, the government rolled out the NABCo as a policy to train young graduates to access funds for their business and train them for the job market.

However, the policy has been dogged by complaints of non-payment of allowance for beneficiaries in recent times.

Hundreds of beneficiaries hit the streets in February this year to protest the government’s failure to pay their allowance, which had been in arrears for six months.

The government initially engaged the NABCo beneficiaries for three years at a monthly stipend of GH¢700 each. However, in 2021 when the programme was scheduled to end, pleas from some of the beneficiaries compelled the government to extend it one more year.

READ ALSO: Work On Suame Roads Begins Hours After Artisans Chased Out MP With Stones [WATCH]

Meanwhile, the government has revealed that the collection of tolls will soon be re-introduced on the Tema Motorway under the Ministry of Roads and Highways (MoRH) Public-Private Partnership (PPP).

Presenting the Mid-year Budget Review on Monday, 25th July 2022, Ken Ofori-Atta, the Finance Minister said a draft Concession Agreement (CA) between GIIF and the Ministry of Roads and Highways (MoRH) is currently under review by the Office of the Attorney-General and Ministry of Finance.

“When completed, the CA is expected to be approved by the PPP Committee, Cabinet and Parliament. The completed road will be tolled to recover the whole life cost of the completed infrastructure as well as pay lenders and provide a return for equity investors,” he disclosed.

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