Video: Only four regions in Ghana support growth of businesses – ACEYE

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As the unemployment rate continue to go up, many institutions, including international bodies as well as the government of Ghana has suggested that the way forward for the youth especially, is entrepreneurship.

Vice President Dr. Mahamudu Bawumia in a speech read on his behalf by a Deputy Minister of Education, Rev. John Ntim Fordjour, at the 13th congregation of the University of Mines And Technology (UMaT) in Tarkwa last Saturday said although employment opportunities still exist in the public sector for graduates, it was expedient that they venture into entrepreneurship.

According to him, this will enable them build a sound future for themselves and also contribute to the development of the country.

The Finance Minister, Ken Ofori-Atta during a budget reading on the floor of parliament on November 15, revealed government’s plan to create 1 million jobs for the youth, starting next year.

The intervention, dubbed “YouStart,” proposes to use GH¢1 billion each year to catalyze an ecosystem to create 1 million jobs and in partnership with the Finance Institutions and Development Partners, raise another 2 Billion cedis.”

Despite these interventions among others, it appears government may be wasting efforts and resources.

This is because, a research by the Africa Centre for Entrepreneurship and Youth Empowerment (ACEYE),  suggests that only four out of the 16 regions of the country have the necessary indicators to support the growth of business startups.

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