The government has begun a broad stakeholder engagement process ahead of the introduction of the YouStart initiative.
According to the government, these activities are part of efforts being implemented to ensure that Ghanaians understand the YouStart program and that it receives the required support and acceptance.
Dr. John Ampontuah Kumah, Deputy Minister for Finance and Member of Parliament for Ejisu, highlighted that government will engage regional ministers, metropolitan, municipal, and district chief executives from the Bono East region, Ahafo region, Western North region, Ashanti region, and Bono region in the Ashanti Region in a ceremony on Monday, May 23, 2022 to engage Regional Ministers, Metropolitan, Municipal, and District Chief Executives from the Bono East region, Ahafo
“The YouStart program provides us with a once-in-a-lifetime opportunity to solve the country’s unemployment problem, as well as to identify and develop the potential of Ghana’s youth.”
“To accomplish so, we must all rally behind the government’s YouStart initiative.” That is why, before the President unveils it, we would engage Ghanaians,” he stated.
Mr. Dan Botwe, Minister of Local Government and Member of Parliament for Okere, and Mr. Kofi Ofosu Nkansah and Mrs. Kosi Yankey-Ayeh, Chief Executive Officers of the National Entrepreneurship and Innovation Programme and the Ghana Enterprises Agencies, respectively, were also present at the ceremony.
The E-Levy will be used to fund YouStart.
YouStart is a program that aims to assist young entrepreneurs in obtaining funding, training, and technical skills that will allow them to start, build, and expand their own enterprises.
This initiative focuses on young people and students aged 18 to 35 who have outstanding business ideas and viable firms, and it helps them nurture, build, and extend their businesses, resulting in job creation in the economy.
The government seeks to foster an entrepreneurial nation through the YouStart program by offering some of the essential enablers that make entrepreneurship successful.
Access to funding and markets, mentorship, strategic partnerships and digital linkages, technical assistance, and business advisory support services are just a few of them.
Given the country’s high incidence of youth unemployment, the government plans to use the YouStart program to boost the economy by creating more jobs and supporting the expansion and growth of Ghanaian enterprises over the next three years.