Ghana’s YouStart Initiative Is Launching In April 2022

Finance Minister, Ken Ofori-Atta

Ghana’s Finance Minister, Ken Ofori-Atta says, there is an intriguing future for entrepreneurship in the country as the COVID-19 challenges had presented a chance to touch off new business thoughts and make a way for an economical future for the Youth, their families and communities.

The Minister made this proclamation, when he addressed participants at a business pitch event as a component of the pilot period of the YouStart program at the University of Professional Studies (UPS), Accra.

Speaking under the topic: Creating A Culture Of Enterprise, he said, it was no more a secret that supporting the thoughts of Ghana’s youth was at the core of what was really going on with this Government.

As indicated by Mr Ofori-Atta, Ghana in a real sense have 56% of their populace younger than 24, and around 11 million economically active individuals, whose expressive energies should be mined to grow the economy.

The Government’s lead YouStart program which is set be carried out in April this year after a successful pilot would be a vehicle for supporting young business visionaries to get access to capital, training, technical skills and coaching to empower them to launch and operate their own businesses, he said.

The Finance Minister went on by communicating that, the Government of Ghana’s strategy course, was to seek after its vision to make a venture driven economy that would keep on fortifying the connections between education and job market partners so the private sector was well resourced to create jobs for the overflowing youth.

He stated:

“For example, much closer to home, we can look to Nigeria, where despite issues like unreliable electricity and poor internet connectivity, the desire to use technology to solve problems brought with it a new culture of entrepreneurship among young people”.

He proceeded with that, digital payments in Nigeria had flooded more than fivefold beginning around 2014, hitting $256 billion by 2019. And as indicated by the Economist, organizations situated in Lagos like Flutterwave, and Paga were drawing in valuations of more than $100 million and these organizations are owned by Nigerians.

“That’s the type of opportunity that we want to deliver through the YouStart. I hope that at this point we can all appreciate that a programme of this nature is unprecedented in our history”.

He said a GHS10 Billion commitment is saved to supporting people’s desires.

Additionally, the Deputy Minister for Finance, Mr John Ampontuah Kumah, also noted that, the YouStart initiative was one of the numerous intense and virtuoso projects of the Government that was so centered around making an entrepreneurial country.

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He also expressed that, the YouStart initiative, which would launched in April 2022, would give an assortment of support packages for the Ghanaian youth, and asked them to make the most of the projects’ opportunities.

The Finance Minister, along with the two appointee Ministers for Finance, John Ampontuah Kumah and Abena Osei-Asare, officials of the Ministry of Finance, and other dignitaries at the program associated with a portion of the young entrepreneurs at their exhibition stands to see their products.

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