A government spokesperson on the economy Manneseh Atta Boahen has stated that the policies of the government captured in the 2023 budget statement are an agenda for jobs.
According to him, contrary to claims that the freeze on public sector jobs would worsen the unemployment situation, the budget provides an opportunity for more jobs.
He said the Youstart initiative would provide support for individuals or groups who have an idea to establish their own businesses.
He explained that the Youstart initiative was created to assist individuals who want to start their own businesses.
He noted that YouStart was created to alleviate constraints for existing and aspiring young entrepreneurs as part of the Ghana COVID-19 Alleviation and Revitalisation of Enterprises Support (CARES) program, which is part of efforts to address the country’s high youth unemployment rate.
He stated that the goal is to build an entrepreneurial nation and create at least one million jobs for youth in the three years between now and 2025.
The government intends to commit about GHc 10 billion over three years to the program in order to create at least a million jobs. It is being implemented with support from the World Bank by the Ghana Enterprises Agency (GEA), through the National Entrepreneurship Innovation Programme (NEIP).
The initiative will be implemented in three phases: a district model in which beneficiaries will be selected through special help desks in the country’s 216 districts; a commercial model with banks on board; and a faith model in which faith-based organizations will work with to identify qualified candidates.
He encouraged the youth to take advantage of the Youstart initiative and apply for support.
He added candidates who would qualify would be trained and given grants for them to establish their businesses.
He disclosed that the qualified persons would be handed the money, but the Youstart managers would work with the candidates and buy whatever they need on their behalf.
”there would be strict monitoring to ensure that people are indeed working. We would not just support you without any form of monitoring.”