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Gov’t to provide start-up capital to YEA beneficiaries

Beneficiaries of the Youth Employment Agency (YEA) modules are set to benefit from collaboration between the Agency and the National Entrepreneurship Innovation Plan (NEIP) to start their own businesses.

The beneficiaries who are expected to exit the YEA module will be trained, equipped and supported with start-up capital.

Chief Executive Officer of YEA, Justin Kodua Frimpong, disclosed this at a signing ceremony on Tuesday to announce a partnership with the NEIP.

This, he said, will take the Agency to a different level where the youth of Ghana will get first opportunity to go through the entrepreneurship training from NEIP and YEA, especially those who have gone through the various modules.

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“We will also look at how to help the beneficiaries to access start-up capital to enable them venture into new lives, so that it will not be that people went through our modules and have exited and there is no exit package for them,” he stated.

Chief Executive Officer of the NEIP, Mr. John Kumah, in his remark indicated that the decision is to help government realize its vision of creating not just jobs, but sustainable jobs for the youth of the country.

The collaboration, he said, is therefore in pursuance of the vision of President Nana Addo Dankwa Akufo-Addo who has consistently stated that job creation, particularly for the youth will always be an integral part of his administration.

He said, “The key here is the complementing roles between the two agencies in order achieve the vision of the president.”

“We know the impact the YEA has made in the country and the many successes that have been achieved in the past two years.”

“The NEIP has also come in to transform the entrepreneurship eco-system of Ghana and especially with a focus on young people on how to unearth their talents and help to empower them to believe that they can create the jobs that they are seeking,” Mr. Kumah said.

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He averred that the deal is to answer questions on the next step for the beneficiaries after all the preparation and experiences they have received while they were enrolled on the programme.

According to him, the YEA and the NEIP have come together to ensure that before a beneficiary exits, there is an established strategy to prepare them to be on their own.

Mr. Kumash stressed that the training of the YEA beneficiaries will be followed up with financial support package for business ideas that are innovative enough, to be funded from the Presidential Business Support Fund.

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