Ghana set to launch fund for youth
from MASAHUDU KUNATEH in Accra, Ghana
ACCRA – GHANA President John Dramani Mahama was on Tuesday scheduled to launch the Youth Entrepreneurship Support Fund as part of the country’s activities to mark the International Youth Day.
According to officials, the $5 million (GH¢10million) fund aims to assist young entrepreneurs with the much-needed capital to run their businesses.
“The fund is open to anybody who has a very good proposal which can yield fruit and repay its facility that has been given to them,” the outgoing Deputy Youth and Sports Minister Joseph Yammin, said .
Plans to establish the fund were first announced in 2012 at the first National Youth Achievers Awards in Accra.
The President then outlined government’s intention about the fund while addressing the 68th United Nations (UN) General Assembly in New York in September last year.
According to the United Nations, the International Youth Day on August 12 is a moment to recognize and celebrate the promise and power of young people to change their communities, their countries, and the world.
This is in formed by data which puts the number of youth between the ages of 15 and 24 to 1,1 billion worldwide.
Many young people according to World Youth Data fall under the category of those who are not in education, employment, or training (NEET).
Ghana is not an exception and the fund will be thus be seen as a key step by government to address fears that joblessness was a national security threat.
– CAJ News
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