News Updates:

GHANA AND EU SIGN GESP FINANCIAL AGREEMENT

The Government of Ghana and the European Union (EU) have signed a financial agreement of Euro 31.6 million on Monday for the current Ghana Employment and Social Protection (GESP) programme in Accra.

“The GESP programme aims to support job creation initiatives and would contribute to growth and strengthening social protection and employment systems in the country,” reported GNA

The Minister of Finance, Seth Terkper, said that the signing of the financial agreement with the EU was significant and timely for its first direct intervention in employment and social protection of Ghanaians.

“The programme also has macroeconomic significance, by being in line with the policy priorities of both the Ministries of Gender and Social Protection and Employment and Labour Relations,” said Seth Terkper.

The EU Ambassador in Ghana, William Hanna said “The main focuses of the GESP programme would be the people, providing new opportunities that include training and skillfully equipping the youth, business development for SME and protection for the most vulnerable.”

The GESP programme would last for four years between 2016 and 2020. This will be implemented in four key modules including strengthening technical and vocational education, improving access to finance and effective business development service, improving employment policy management at both central and local levels as well as enhancing effectiveness and efficiency of the social protection system.

The EU Ambassador, William Hanna acknowledge the Local Government Service, COTVET, Ghana Investment Promotion Centre, Association of Ghana Industries, Ministry of Trade and Industry, Ministry of Food and Agriculture, GIZ and Danish International Agency as the key stakeholders for the GESP programme.

Source: GNA

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