The government has signed an MoU with eleven (11) banks for the YouStart Commercial Component, to support entrepreneurs gain access to capital to enhance their businesses.
The YouStart programme introduced by Government and expected to create a million jobs for the Ghanaian youth in the next three years has three models: The Commercial Programme, District Entrepreneurship Programme, and the YouStart Grace Programme.
The Minister for Finance, Hon. Ken Ofori-Atta in his address said the commercial programme would offer a standardized loan product between GHS100,000 and GHS500,000.00 from Participating Financial Institutions (PFIs).
He said it is to cover working capital requirements, business expansion needs and the purchase of equipment or machinery by beneficiaries.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
