Business News of Friday, 28 June 2024

Source: classfmonline.com

2024 LEAP cash grants: Payment for January, February to begin July 1 - Gender Ministry

File photo of Cedi notes File photo of Cedi notes

The Ministry of Gender, Children and Social Protection (MoGCSP) has announced a significant increase in cash grants for households benefiting from the Livelihood Empowerment Against Poverty (LEAP) programme.

In a press statement issued on Thursday, June 27, 2024, the Ministry disclosed that beneficiaries would receive double the amount they were entitled to in June 2023, following a delay in grant payments.

To support this increase, the government has allocated GH¢103,251,072.01 to disburse to 324,073 beneficiary households, according to the Ministry.

Payments for the January and February 2024 LEAP cash grants will begin on Monday, July 1, with the revised grant amounts taking effect immediately.

"From June to December 2023, the LEAP Grants paid to beneficiary households bi-monthly were as follows: a one-member household was entitled to GH¢128.00, two-member households to GH¢152.00, three-member households to GH¢176.00, and four or more member households to GH¢212.00," the Ministry stated.

Elaborating on the new grant amounts, the Ministry announced, "With immediate effect, the cash grants provided to households enrolled in the LEAP programme will see a 100 percent increase from the 2023 figures as follows: a one-member household from GH¢128.00 to GH¢256.00, two-member households from GH¢152.00 to GH¢304.00, three-member households from GH¢176.00 to GH¢352.00, and four-member households from GH¢212.00 to GH¢424.00."

The Ministry highlighted that the increased grants aim to provide significant relief and support to families across the country, enabling them to meet their basic needs more effectively.

"This aligns with the LEAP Programme's goal, which seeks to reduce poverty by smoothing consumption and promoting human capital development among Ghana's extremely poor and vulnerable households," the Ministry said.