The Deputy Minister for Finance and Member of Parliament for Ejisu in the Ashanti Region, Dr. John Ampontuah Kumah, has emphasised the government’s dedication to implementing wealth creation programs in 2024 for the benefit of the nation’s sizable youth population.
In a New Year statement, the Deputy Minister for Finance, overseeing Wealth Creation, acknowledged the government’s previous efforts in fostering wealth and building a prosperous nation.
Highlighting a significant development in 2024, Dr. Kumah pointed to the launch of the Business and Employment Assistance Programme (BEAP) by the Youth Employment Agency. He commended the agency’s CEO, Mr. Kofi Baah Agyepong, for his leadership.
The BEAP program’s objective is to support 10,000 companies, ultimately resulting in the generation of 20,000 jobs for young individuals nationwide. Dr. Kumah highlighted that Micro, Small, and Medium Enterprises (MSMEs) can participate in the initiative by applying for salary support from the Youth Employment Agency.
The legislator said, “This marks another innovative intervention by the Akufo-Addo administration, empowering the youth of Ghana to generate wealth and address the issue of unemployment.”
This year, all youth and MSME-related agencies, including the National Youth Authority, the National Entrepreneurship Innovation Programme, Ghana Enterprise Agency, Development Bank, COTVET/NVTI, GIPC, EXIMBank, among others, have committed to focusing more on youth empowerment, access to finance, and skills training for Ghanaian youth.
The Deputy Minister noted, “The government’s ambitious Youstart Program is also set to be fully implemented to reduce unemployment in Ghana.”
“As the Deputy Minister of Finance overseeing wealth creation, I will ensure all government institutions and private sector partners work towards the vision of the President of ensuring a prosperous nation,” he assured.
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