General News of Monday, 29 October 2012

Source: myjoyonline

NDC’s GH¢10m jobs and enterprises fund not practicable – Buabeng Asamoah

The New Patriotic Party has challenged the practicability of a decision by the government to establish jobs and enterprises fund, which President Mahama announced that it would be launched next month.

The fund will have seed capital of 10 million Ghana cedis to be accessed by young graduates or up-and-coming entrepreneurs to set up viable businesses.

Job centers are to be established in all regions of the country for the purpose.

But the opposition NPP is questioning where government is getting the money from and why it appears to be in a hurry to implement a manifesto promise even before the December elections.

Deputy Communications Director Yaw Buabeng Asamoah told Joy News, “It is not practicable because the government cannot do it. The president has not got the money, unless it is coming from his pocket, or he is raising it from donors.”

He explained that both the 2012 budget and the supplementary budget approved by parliament did not make reference to this fund, arguing that neither does the president have the mandate to implement any budget meant for 2013.

“Where is the president going to raise the GH¢10 million from? Is he going to raise it in this year’s budget, because the budget has already been passed, or is he planning to raise it in next year’s budget? Because it is in next year’s budget, it is beyond his jurisdiction now, he has to run for an election and determine whether he will win. As far as we are concerned, the way it has been projected now it appears it is a standalone project.”

He insisted that since the fund is not contained in any budget, President Mahama cannot “whimsically” say he wants to create jobs, he said the NDC has failed to create in three years, when it is only two months to an election.

Mr Buabeng Asamoah was certain that since the supplementary budget submitted by parliament has been passed, and there was no way another supplementary budget could be submitted by the government this year.

“I will be very impressed if the president would be able to pass another supplementary budget at this stage to run this programme only.”

Mr Buabeng Asamoah suspected this is yet another bureaucratic means by the government to squander the taxpayers’ money, accusing the government of developing interest in establishing “quasi and huhudious” organisations.

He is therefore challenging the President to come clear on where he intends to raise the GH¢10 million to support the programme.