NYEP receives $36m from World Bank to nurture young Ghanaian entrepreneurs
The National Youth Employment Programme (NYEP) has received $36 million out of $55 million from the World Bank to begin its Youth Enterprise Development Programme.
The module, among several others under the NYEP, will focus on youth entrepreneurship and development.
It will be managed and administered by a separate body, the Youth Development Centre that will focus primarily on building the entrepreneurship capacities of the youth who are so inclined and who apply for the assistance.
The National Co-ordinator of the NYEP, Mr Abuga Pele, told the Daily Graphic that so far the NYEP had received 1,000 proposals on innovative business options and enterprises from the youth, most of them graduates.
Under the Youth Enterprises Development module, support programmes will be offered from pre-start-up, start-up and post-start-up processes of the businesses envisaged by the youth.
He said the proposals received from the youth at the NYEP were attested to by the Ghanaian youth as being innovative and having the potential to transform their lives.
Mr Pele also disclosed that the NYEP was to implement its exit plan this year, where those who had been employed under the scheme would be assisted to transit into permanent employment opportunities.
He said about 100 people employed in government agencies and departments under the internship programme, as well as 1,000 youth employed under the Youth in Security module, were being assisted to go on a transit under the programme to create opportunities for others.
The national co-ordinator said some security services were prepared to absorb those with the required entry qualifications, who had served under the NYEP.
Some other youth, particularly those who served under the Vocational and Enterprises modules, were to be assisted with tools to get into their private businesses, while others would be absorbed into programmes under the Ministry of Employment and Social Welfare.
Source: Daily Graphic