The government has introduced a new job creation initiative dubbed “The Business In the Box”. This 55-million-dollar initiative is a partnership between the Ghana Employment Agency and MasterCard Foundation to create employment for 250-thousand young Ghanaian Young in all Ghana’s 16-regions.
At the formal unveil, Vice President Dr. Mahamudu Bawumia described government’s BizBox initiative as a symbolism of hope and opportunity to create 1-million jobs by 2025, with special focus on women and persons with disability.
For the government, the “Business In The Box” or BizBox project is to enable and empower vulnerable young Ghanaians, especially young women with first-time business startups, to acquire skills and access to markets, finance and technology to start, build and grow their businesses.
It will improve the well-being and resilience of young entrepreneurs by creating an enabling environment, especially for agriculture and agri-businesses to thrive and contribute to national development. With 55 million dollars of investment, BizBox strengthens the Ghana Employment Agency and Mastercard Foundation’s ongoing partnership to support the growth of young people.
The four-year programme will provide about 250-thousand young entrepreneurs between 15 and 35 with essential tools, knowledge, and support to start and expand their businesses. It will deliver comprehensive training in life skills, technical expertise, entrepreneurship and business development, promoting business growth and scalability.
The Chief Executive of the Ghana Enterprises Agency Kosi Yankey Ayeh said the project targets to provide young Ghanaian entrepreneurs with the resources needed to build their businesses to create employment.
Vice President Dr Mahamudu Bawumia, said the BizBox will provide these young entrepreneurs with essential tools, knowledge, and support to start and expand their businesses. 50-percent of them are expected to employ at least one person. The focus of this initiative is vulnerable young people, persons with disabilities, vulnerable women, women-owned businesses and graduates from agricultural colleges.
For Trade and Industry Minister, Mr. K.T. Hammond, this initiative will compliment government’s efforts to build the capacity of Young Ghanaian entrepreneurs.
