“Gov’t determined to increase employment rate by boosting private sector” – Akufo-Addo
The President Akufo-Addo says his government is determined to support and boost the private sector to increase employment rates in the country.
He added that an increase in employment rate will be achieved through the #YouStart programme, which will result in new businesses championed by the vibrant youth of our country.
Delivering the budget statement for the 2022 fiscal year on Wednesday November 17, finance Minister Ken Ofori Atta announced the creation of one million jobs for the youth of this country though the YouStarts programme.
“The understanding of the youth employment challenge, as well as extensive consultations with stakeholders including youth associations and educational institutions across the country, have led to the development of the YouStart initiative which proposes to use GH¢1 billion each year to catalyze an ecosystem to create 1 million jobs and in partnership with the Finance Institutions and Development Partners, raise another 2 Billion Cedis.”
“In addition, our local Banks have agreed to a package that will result in increasing their SME portfolio up to GHC 5 billion over the next 3 years.
“Mr. Speaker, YouStart is a vehicle for supporting young entrepreneurs to gain access to capital, training, technical skills and mentoring to enable them launch and operate their own businesses,” Ofori Atta said.
In a latest development, Akufo-Addo in a tweet said “Government is determined to support and boost the private sector to increase employment rates in the country through the #YouStart programme, which will result in new businesses championed by the vibrant youth of our country.”