The Daily Graphic says youth unemployment has become a global challenge which threatens the economies of developing countries including Ghana. It is in this vein that the paper lauds the Presidential pitch initiative to give young Ghanaians the opportunity to receive funding to implement their business ideas to help reduce the rate of unemployment in the country. It says a nation that does not create jobs for its people is bound to face challenges like high crime rate, prostitution and social strife. The paper advises the Ministry of Business Development not to insist on complex and voluminous business plans from applicants for the pitching since the aim is to assist the youth to build business that will ultimately be able to compete and create jobs.
The Ghanaian Times says the Tourism and Hospitality Industries have been identified as a key catalyst for Ghana’s economic transformation and the Ghana Beyond Aid Agenda yet it is within this sector that the coronavirus has affected the most. To ensure that the industry does not collapse completely, government has initiated interventions including stimulus packages to cushion industry players. One of such initiative launched yesterday is a 9 million dollar grant stimulus package from the World Bank to support Small and Medium Scale Enterprises in the tourism value chain. The paper commends development partners, government and the World Bank for this laudable initiative, and hopes beneficiaries would rise to the occasion.