GH₵ 10 Billion for Youth Entrepreneurship: 160,000 youth receive Head of State Awards

By Bright Ntramah

Government has set aside ten billion Ghana cedis for the next three years to support young entrepreneurs to enable them to create new businesses and expand existing ones.

The money provided in the 2022 Budget will also provide technical support to these entrepreneurs to develop commercially viable businesses and create jobs for the youth.

President Akufo-Addo announced this at the Jubilee House when he presented Gold Awards to 160 youth under the Head of State Award Scheme.

The 160 youth between the ages of 16 and 25 who have successfully completed all four sectional requirements and the residential project of the scheme were awarded by the President.

The Scheme which has been in existence in Ghana for the past 53 years is responsible for equipping the youth with skills, and experience aimed at preparing them for life.

The programmes under the scheme are tailored towards instilling the virtues of discipline, civic responsibility and obligation of leadership in the youth.

President Akufo-Addo said the government has placed a premium on job creation and skills training of the youth. He said the NEIP has trained more than 45,000 young entrepreneurs, created 92,000 jobs through the Presidential Business Pitch and other youth intervention programmes.

The President said the Budget will provide 10 Billion Ghana cedis towards entrepreneurial developments.

The Board Chairman of the Head of State Awards, Harry Sintim- Aboagye said the award scheme will be extended to all young people in Ghana.
To commemorate the 100th Birthday celebration of the Duke of Edinburgh, Prince Philips who established the Award Scheme, a Life and Legacy Fund has been inaugurated to help extend the award to 200,000 youth.

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