[vc_row full_width=”stretch_row” pix_particles_check=”” css=”.vc_custom_1648218350020{padding-top: 80px !important;padding-bottom: 80px !important;background-color: #ffffff !important;}”] Given the high prevalence of youth unemployment in the nation, the government plans to use the YouStart initiative over the next three years to boost economic activity and assist the expansion and growth of Ghanaian companies. The Electronic Transfer Levy earnings are used to pay for YouStart (E-Levy).
In the 2022 budget, the government unveiled the YouStart initiative, an ambitious program designed to foster entrepreneurship and generate at least 1 million employment for young people in the next three years.
The YouStart initiative is a means by which the government plans to give money and technical assistance to young people (18 to 40 years old) and youth-led businesses to help them launch, develop, and expand their own businesses.
President Akufo-Addo declared YouStart to be the most comprehensive project to solve the issue of youth unemployment in the nation in a speech at the 73rd annual New Year School and Conference.
According to President Akufo-Addo, it will help young entrepreneurs get access to funding, training, technical skills, and mentoring so they may start and run their own firms and hire people.
Young entrepreneurs might apply for funding through a specific YouStart web portal, according to him, under the plan.
Successful candidates for the YouStart initiative, according to President Akufo-Addo, would be eligible for startup packs that include soft loans between GH10,000 and GH50,000 as well as standard loan packages between GH100,000 and GH400,000 at discounted rates.
CRITERIA
- Between 18 and 40 years of age.
- Basic Education Certificate Examination at the very least.
- Readiness to launch a business.
- School dropouts working for a company would be taken into consideration.
- Women and those with disabilities would receive special consideration.
DOCUMENTS NEEDED FOR APPLICATION
- Digital Address
- A Ghana Card
- A copy of your most recent education certificate
- A valid phone number
TO APPLY VISIT https://gea.gov.gh/youstartgjsp
Source: enterprisebureau.org