A Deputy Minister of Finance John Kumah has said the Akufo-Addo administration is determined to end unemployment in Ghana through innovative and sustainable ideas.
Innovative ideas such as the YouStart project is what the government is using to ensure that the plan to deal with unemployment is achieved.
On Tuesday, 20 September 2022, 11 banks officially signed unto the Youstart Commercial Component.
What this means for the Ghanaian youth is that these partner banks under the Youstart commercial programme will give out loans from GHC 100,000 to 500,000 at reduced interest rates, Mr Kumah said .
They will also will not demand for collateral, will offer training and technical support to businesses of young people over the next 2-3 years as we seek to create 1 million jobs and empower a mass number of the Ghanaian youth to be business owners and creators.
“This is unprecedented and a commitment by this government to end unemployment in Ghana through innovative and sustainable means.
“The banks are responsible for their own assessment, disbursement and recovery of their loans with no Government interference,” the Ejisu Member of Parliament said.