Audio By Carbonatix
Finance Minister Dr Cassiel Ato Forson says government has paid GH¢5.3 billion to clear legacy arrears while allocating GH¢459 million to support youth employment initiatives.
Speaking during the 2026 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr Forson said the payments form part of the government’s efforts to settle outstanding obligations and support economic activity.
He said clearing accumulated arrears was necessary to improve confidence in the economy and ensure that the government's financial commitments are properly managed.
“To clear legacy government arrears, an amount of GH¢5.3 billion has been paid,” he told Parliament.
Dr Forson also disclosed that GH¢459 million had been paid to the Youth Employment Agency to support job creation opportunities for young people.
He added that the government had released GH¢485 million to beneficiaries of the Livelihood Empowerment Against Poverty (LEAP) programme to support vulnerable groups across the country.
Latest Stories
-
NPP Loyal Ladies pay courtesy call on Commonwealth Secretary-General
2 minutes -
The honeymoon is over – Amin Adam accuses gov’t of losing public goodwill over economic realities
6 minutes -
Bring Ofori-Atta back to account for Ghana’s debt – Majority Leader tells Minority
13 minutes -
Amin Adam describes 2026 Budget as ‘bones without meat’, accuses gov’t of failing Ghanaians
16 minutes -
Bella Agyeman’s film screens at New York festival
24 minutes -
Houthi attacks raise fears of wider Middle East conflict and more global economic damage
28 minutes -
Ukraine’s ousted defence minister insists on being reinstated
28 minutes -
We’ve strengthened global partnerships to tackle illegal fishing , declining fish stocks—Fisheries Minister
31 minutes -
You are on the way to opposition in 2028 – Afenyo-Markin tells NDC
39 minutes -
Nkoko Nkitinkiti has now become protein for NDC executives – Afenyo-Markin
41 minutes -
Ras Kuuku marks birthday with inspirational new single
42 minutes -
Stop threatening NPP MPs with prosecution, you will be in opposition in 2028 – Afenyo-Markin warns AG
48 minutes -
Gov’t to introduce new COCOBOD Bill, guarantees cocoa farmers 70% of FOB price
51 minutes -
Imprison all NPP MPs, we will still hold you accountable – Afenyo-Markin to government
55 minutes -
I couldn’t watch the FIFA World Cup halftime show although my design was featured – Hashim
59 minutes