The CEO of the Youth Employment Agency (YEA) says the Business and Employment Assistance Programme (BEAP) will help reduce Ghana’s unemployment rate by giving a lifeline for countless young individuals striving to carve out a promising future.

According to Kofi Baah Agyepong, the initiative seeks to address the financial strains faced by Micro and Small Scale Enterprises (MSMEs) during the tumultuous period of the COVID-19 pandemic.

Drawing upon a Ghana Statistical Service survey revealing the hardships faced by businesses, including wage reductions and closures, BEAP emerges as a vital intervention to support these struggling enterprises.

Speaking to journalists in Kumasi on Wednesday, January 10, Mr Agyepong said the BEAP aims to provide a lifeline to MSMEs, offering salary support of GHS 500 per recruited employee, with the employer supplementing the remainder.

Targeting various establishments such as chop bars, pharmacies, schools, and more, BEAP strives to alleviate the financial burden on these enterprises while bolstering employment opportunities for Ghana's workforce, he added.

Highlighting the programme's ambitious goals, Mr Agyepong announced plans to support 10,000 companies, facilitating the employment of approximately 20,000 individuals.

He reassured Ghanaians of the YEA's sustainable funding from the Communication Service Tax, emphasising the agency's unwavering commitment to directing these funds solely towards job creation.

Mr Agyepong extended appreciation to the government for its endorsement and support, ensuring the programme's successful launch and initiation.

YEA has been instrumental in partnering with state agencies, offering skills training, and fostering employment opportunities, exemplified by the success stories of several programmes implemented over the past year.

Despite the admitted global economic challenges, he said: “We have been working hard to reduce the rate of unemployment and lessen the burdens of life on young people while allowing them to make ends meet.

Touching on the success story of the agency, Mr Agyepong said in 2022/2023, the government through YEA recruited:
• 15,000 Community Protection Assistants working with the Ghana Police Service.
• 6,000 Community Health Workers working with the Ghana Health Service,
• 1,500 Prison Office Assistants working with the Ghana Prisons Service,
• 4,000 workers on the Cocoa Rehabilitation Programme.
• 5,000 Insurance Agents for the National Insurance Commission with base pay.
• 13,000 direct jobs secured through the YEA Job Centre
• 2,000 dressmaking trainees undergoing apprenticeship training with GHC500 monthly support.
• over 30,000 entrepreneurs trained by both the National Entrepreneurship and Innovation Programme (NEIP) and the Ghana Library Board with support for set-ups,
• 2,000 young people trained by the Accra Digital Centre in Basic and Advanced IT skills.
• Currently, YEA is recruiting another 20,000 young people to be trained and set up in 10 different trade areas being – carpentry, masonry, plumbing, hairdressing, beauty care, auto works, General Electricals, Plaster of Paris (POP), Steel Works, Welding and Fabrication and Painting. All arrangements have been made for training to start next week.
• 45,000 Sanitation Module beneficiaries
• financial support to over 500 dressmakers and 40 large garment companies

Statistics presented by the CEO illustrated the extensive impact of YEA initiatives, with over 16,000 jobs created in the Ashanti Region alone.

Notably, various sectors, including community services, health, entrepreneurship, and vocational training, experienced substantial growth, offering a beacon of hope for Ghanaian youth seeking stable employment and entrepreneurial ventures.