One hundred and seventy-five (175) beneficiaries have successfully gone through an entrepreneurship training under the Youth Inclusive Entrepreneurial Development initiative for Employment (YIEDIE).
The beneficiaries were presented with certificates at a graduation ceremony today [Thursday] January 10, 2019 at the premises of Theatre for Social Change-one of the implementing partners in the Greater Accra Region.
The project works in five of Ghana’s largest cities, Accra, Kumasi, Sekondi-Takoradi, James Town, Madina, Faase, (a suburb in the Greater Accra region), and two other communities- and will directly reach at least 23,700 youth, between ages 17-24, earning less than $2 per day.
The project provides youth with training in technical, life and entrepreneurship skills leading to employment through its five core objectives namely: Youth Readiness for Employment and Entrepreneurship;Access to Financial Service Providers; Access to demand-Driven Training and Service Providers; Youth Enterprise Start-Up and Recruitment by Employers and, Collaboration for Positive Government Policies.
Executive Director, Theatre for Social Change, Mr Peter Agyeman-Gyeke in his welcome address admonished the beneficiaries to make good use of the training they have acquired to better themselves as business owners.
He encouraged them not to despise their small beginnings but rather apply the entrepreneurial skills they have acquired to grow their small businesses and apply it wherever they may find themselves.
He also admonished them not to always depend on people but create opportunities for themselves in the areas they have been trained.
A representative from Global Communities, Cecilia Newman, underscored the need for the beneficiaries to take advantage of the grant that is offered to start-ups by applying for it when application is opened in March this year.
She called on the beneficiaries to read wide in order for them to broaden their knowledge.
She further called on them to be part of all YIEDIE activities so they get to meet other successful beneficiaries who are currently managing their own businesses and training others.
For YIEDIE to be well known, she entreated the beneficiaries to spread the success story of the project in the various communities they were selected from.
‘’Tell your family and friends about YIEDIE. Tell them how the project has benefited you. You know about YIEDIE so I will encourage you to also tell others,” she said.
YIEDIE is a five-year project designed to create economic opportunities in Ghana’s construction sector for economically disadvantaged youth, implemented by Global Communities in partnership with Mastercard Foundation. YIEDIE will directly reach at least 23,700 of these youth with training in technical, life and/or entrepreneurship skills leading to employment.
The project applies an integrated youth-led market-systems model to improve the capacity of youth and service providers across the value chain. Youth will benefit from having job opportunities and higher income. Sector stakeholders—such as private sector firms, financial service providers, training institutions and government—are expected to benefit from improved coordination and capacity.
YIEDIE targets five of Ghana’s six largest cities—Accra, Kumasi, Sekondi-Takoradi, Ashaiman and Tema. The project will target the approximately 113,000 17-24 year olds in these cities who have dropped out of school, living on less than $2/day. YIEDIE has two objectives:
- Increased employment (including self-employment) in the construction sector by targeted youth; and
- Increased coordination and support for a better enabling environment by construction sector stakeholders.
YIEDIE has five components:
- Access to Financial Service Providers Capable of Serving Youth
- Access to Demand-Driven Training and Service Providers
- Youth Enterprise Start-Up and Recruitment by Employers
- Collaboration for Positive Government Policies
For the YIEDIE Consortium, Global Communities is joined by:
- Opportunities Industrialization Centre Ghana (OICG)
- African Aurora Business Network LLC (AABN)
- HFC-Boafo Microfinance Services Ltd. (HFC-Boafo)
- Artisans Association of Ghana (AAG)
YIEDIE is expected to reach at least 25% of the potential population with information about YIEDIE to encourage enrollment, with at least 23,700 youth directly served through targeted training, new jobs/better employment, increased income and increased savings. Over 14,000 youth will gain technical construction skills through participating in an apprenticeship program, enhanced with entrepreneurship, life skills and safety and health training. Other youth will receive the training that they need to become entrepreneurs in the construction sector along with support in microenterprise start-up or growth. All youth will receive financial literacy education.
Expected Impact: Outcomes for the 23,700 targeted youth include an increased income for 90%; 90% with new jobs or better employment; and increased savings by 90%.
YIEDIE is part of The Youth Forward Initiative, an initiative under Mastercard Foundation’s Youth Livelihoods program. This initiative uses a holistic approach to engage with multiple, specialized organizations (including the private sector, governments, financial service providers, youth-serving organizations and youth themselves) to enhance the employability of young people.
The YIEDIE consortium is comprised of four key implementing partners: Opportunities Industrialization Centre Ghana (OICG), African Aurora Business Network LLC (AABN), HFC-Boafo Microfinance Services Ltd. (HFC-Boafo), Artisans Association of Ghana (AAG) and Theatre for Social Change, a non-governmental organisation.
Each partner plays a unique role contributing to the training and empowerment of youth in each of the operating cities.
Consortium partners provide critical support to young participants of the YIEDIE project, ranging from financial literacy training, business development services, linking youth to employers, and mobilizing youth for training.
YIEDIE –Accra operates in collaboration with Theatre for Social Change – The Mission of the NGO is to empower people to sustainably transform their health, education, socio-economic and right protection needs particularly, the marginalised and the vulnerable including children, girls, women and the disabled.
The NGO’s focus is on promoting sustainable transformation in social behaviour change and communication (SBCC) in areas that have a direct impact on people especially the poor and vulnerable groups including women, girls, children and the disabled. These areas include health, education, economic livelihood and child protection and rights. TfSC gives special attention to underserved and marginalised locations including slums, remote and rural communities in poor districts.