Skip to main content

Government to establish a Youth Jobs and Enterprise Development Fund

President John Mahama has announced at the 68th UN General Assembly Thursday that his administration will introduce another programme to address unemployment in the country.

It is dubbed “Youth Jobs and Enterprise Development Fund”.

He said "it is our intention to bring an end to youth unemployment. What we have done in Ghana to address this issue is create the Youth Jobs and Enterprise Development Fund, a program that will provide young people with entrepreneurial skills and access to the funds needed to establish businesses or expand existing ones, thereby creating new employment opportunities."

This announcement comes after the President ordered for a prosecution of officials of the Ghana Youth Employment and Entrepreneurial Development Agency (GYEEDA) who have been indicted in a scandalous report.

The report describes serious lapses and a disturbing trend of financial impropriety at the youth employment agency.

A finance expert Sydney Casely-Hayford called for an interim shutdown of GYEEDA saying the over GH¢1 billion that went waste to GYEEDA could have been used to build over 10,000 Senior High Schools and or to construct three of the George Walker Bush Highways (N1) for the country.

A senior member of the ruling National Democratic Congress Sam Pee Yalley also described GYEEDA report as horrible and stinky

Meanwhile, Kofi Bentil, Vice President of IMANI, a policy think-tank sees the new programme as yet another avenue for corruption.

Speaking to Joy News, he said government ought to "go slow" and think through any new programme carefully because the "problem of unemployment is wider than giving out monies to people to start or expand their business".

He said the root cause of unemployment in Ghana is a lack of quality basic education.

GYEEDA is a re-brand of the National Youth Employment Programme (NYEP) which was introduced in 2006 by the Kufuor Administration to help address youthful unemployment in the country.

Comments

Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…