• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, May 12, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Social Protection: Gov’t To Expand Coverage To 2,500,000 Extreme Poor Individuals By 2024

December 5, 2022
Stephen M.Cby Stephen M.C
in Economy, One Top Story
0
Social Protection: Gov’t To Expand Coverage To 2,500,000 Extreme Poor Individuals By 2024

LEAP Beneficiaries

The Government of Ghana has disclosed that it is committed to expanding coverage to all 2,500,000 extreme poor individuals as estimated by the Ghana Living Standards Survey (GLSS 7) by 2024.

While improving efficiency through digitalization and assessment, Government plans to increase the value of the Livelihood Empowerment Against Poverty (LEAP) grant from the average of GHC 41.75 per household to GH¢95.19 bi-monthly in 2023.

“Even amidst the current difficulties, we remain committed to implementing Ghana’s social protection programmes. We will not renege on our responsibilities towards the vulnerable and socially excluded and the implementation of our various social protection programmes will be expanded.”

Ken Ofori-Atta

Data presented by the Minister for Finance, Ken Ofori-Atta, showed that the Livelihood Empowerment Against Poverty (LEAP) Programme has since its inception in 2008, supported several extremely poor and vulnerable households.

RelatedPosts

President Mahama Champions Debt Reforms, Inclusive Growth

S&P Upgrades Ghana’s Credit Rating to ‘CCC+’ Amid Debt Restructuring Progress

Dalex Finance CEO Attributes Cedi Strength to ‘Stars Aligning’ for Ghana

IMG 20160722 WA0009

Beneficiary coverage rose from 143,552 in 2015 to 344,389 households comprising 1,827,035 individuals as of September 2022.

Despite the recent fiscal challenges, government assured that the Ghana School Feeding Programme (GSFP) which provides one hot nutritious meal each day for 3,448,065 beneficiary pupils in public basic schools as of December, 2021 will be sustained.

Government also hinted to increase the grant but yet to disclose the exact percentage of expected increasing which is anticipated to begin next year.

gsfp

“In 2023, the feeding grant will be increased to reflect the current cost of living. The programme will also strengthen domestic production by sourcing locally produced food from the National Buffer Stock company.”

Ken Ofori-Atta

Addressing challenges with the capitation grant

Government abolished the charging and payments of all forms of fees/levies in all public basic schools and replaced them with the capitation grant in 2005.

Per the Government’s analysis, this has contributed to steady increases in enrollment over the years. With its positive results, Hon. Ken Ofori-Atta disclosed that government will continue to strengthen monitoring to address teething challenges in the implementation of the policy.

Key areas to be tackled include: timely release of the grant, misuse of funds, transparency and poor book keeping and value of grant amount.

Ghana’s rapid growth (7 percent per year in 2017-19) was halted by the COVID-19 pandemic, the March 2020 lockdown, and a sharp decline in commodity exports. The economic slowdown had a considerable impact on households. The poverty rate is estimated to have slightly increased from 25 percent in 2019 to 25.5 percent in 2020, according to the World Bank.

A new report by the ministry of Gender, Children and Social Protection reveal that the most vulnerable groups in Ghana are those unable to physically support themselves (through disability, sickness, old age), those without any power or voice to help themselves, those with no one to turn to in times of need (i.e., no support network) and those who are unable to meet food requirements.

People were found to turn to their local MPs and government support – including Livelihood Empowerment Against Poverty (LEAP) and the National Health Insurance Scheme (NHIS) – but this is not widespread nor always effective.

READ ALSO: There Will Be No ‘Haircut’ On Treasury Bills And Principal Bonds – Finance Minister

Tags: GSFPLEAPNational Buffer Stock companyPovertySocial ProtectionVulnerable
Please login to join discussion
Previous Post

Nana Ama Mcbrown Clears Air On Court Case With Chairman Wontumi

Next Post

Debt Exchange Provides An Orderly Way To Put Economy Back On Track- Finance Minister

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Mahama Names ASEPA Boss to Key Financial Regulatory Role
Securities/Markets

Mahama Names ASEPA Boss Mensah Thompson to Key Financial Regulatory Role

May 12, 2025
Ghanaian Students
General News

SLTF Begins Reimbursement of Academic Fees for First-Year Students 

May 12, 2025
Starmer Vows To Cut Migration, Reshape Borders
UK

Starmer Vows To Cut Migration, Reshape Borders

May 12, 2025
King Promise on Winning TGMA Artiste of the Year
Entertainment

King Promise on Winning TGMA Artiste of the Year

May 12, 2025
Sammy Gyamfi on exchange rate
General News

GII Boss Condemns Political Bias in Sammy Gyamfi Scandal

May 12, 2025
President John Dramani Mahama
Economy

President Mahama Champions Debt Reforms, Inclusive Growth

May 12, 2025
slide 2 of 6
President John Dramani Mahama
Economy

President Mahama Champions Debt Reforms, Inclusive Growth

by Evans Junior OwuMay 12, 2025
Mahama Names ASEPA Boss to Key Financial Regulatory Role
Securities/Markets

Mahama Names ASEPA Boss Mensah Thompson to Key Financial Regulatory Role

by Stephen M.CMay 12, 2025
Ghanaian Students
General News

SLTF Begins Reimbursement of Academic Fees for First-Year Students 

by Evans Junior OwuMay 12, 2025
Starmer Vows To Cut Migration, Reshape Borders
UK

Starmer Vows To Cut Migration, Reshape Borders

by Lawrence AnkutseMay 12, 2025
King Promise on Winning TGMA Artiste of the Year
Entertainment

King Promise on Winning TGMA Artiste of the Year

by Esther Korantemaa OffeiMay 12, 2025
Sammy Gyamfi on exchange rate
General News

GII Boss Condemns Political Bias in Sammy Gyamfi Scandal

by Lilian AhedorMay 12, 2025
President John Dramani Mahama
Economy

President Mahama Champions Debt Reforms, Inclusive Growth

by Evans Junior OwuMay 12, 2025
Mahama Names ASEPA Boss to Key Financial Regulatory Role
Securities/Markets

Mahama Names ASEPA Boss Mensah Thompson to Key Financial Regulatory Role

by Stephen M.CMay 12, 2025
slide 1 to 6 of 6
Mahama Names ASEPA Boss to Key Financial Regulatory Role
Ghanaian Students
Starmer Vows To Cut Migration, Reshape Borders
King Promise on Winning TGMA Artiste of the Year
Sammy Gyamfi on exchange rate
President John Dramani Mahama
[/vc_row_inner]

Recent News

  • Mahama Names ASEPA Boss Mensah Thompson to Key Financial Regulatory Role
  • SLTF Begins Reimbursement of Academic Fees for First-Year Students 
  • Starmer Vows To Cut Migration, Reshape Borders
  • King Promise on Winning TGMA Artiste of the Year
  • GII Boss Condemns Political Bias in Sammy Gyamfi Scandal
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.