President Nana Addo Dankwa Akufo-Addo has said the 2022 budget has set aside ten billion cedis (GH¢10 billion), for the next three years, in support of young entrepreneurs to enable them to create new businesses and expand existing ones.
He said “Under the YouStart program, Government, through the Ghana Enterprises Agency (GEA), which proved its mettle in its efficient supervision of the seven hundred and fifty million (GH҃¢750 million) CAP Business Support Programme to micro, small and medium scale enterprises at the height of the pandemic, and the National Entrepreneurship and Innovation Plan (NEIP), will direct financial and technical support towards young entrepreneurs in the country to develop commercially viable businesses, and create jobs for the youth,” he said.
Nana Akufo-Addo said this at the investiture of a new Vice-Chancellor of the SD Dombo University of Business and Integrated Development Studies, in Wa.
According to him, the YouStart Programme, he added, will be a vehicle for supporting young entrepreneurs to gain access to capital, training, technical skills, and mentoring to enable them to launch and start their own businesses, and employ other young people.
“Successfully implemented, the YouStart program will make a significant dent in youth unemployment, and enhance considerably social stability and progress. This University should be at the forefront of critically examining this initiative, and making proposals to enhance its implementation,” the President said.
Source: Mybrytfmnewsroom.com/Kofi Atakora
