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Company News of Saturday, July 27, 2019
Source: GNA
2019-07-27
55 beneficiary companies received funds and equipment for GH ¢ 277,800.00.
The Youth Inclusive Development Initiative (YIEDIE), led by Global Communities and its partners, helped 55 young entrepreneurs get funding and tools to start a business.
The 55 beneficiary companies received funds and equipment, amounting to GH ¢ 277,800.00, to 100 companies that are now supported by the project in the Greater Accra region.
Beneficiaries include designers, electricians, tilers, painters, fiberglbad and aluminum manufacturers, metal manufacturers and carpenters, among many others.
The project is supported by Mastercard Foundation and implemented by Global Communities as a lead partner.
Other partners are the Ghana Industrialization Opportunity Center, the Aurora Business Network, Republic Boafo Limited and the Ghana Craftsmen Association. Ms. Kafui Vera Mills-Odoi, project manager at YIEDIE, said the five-year project, launched in 2015, aims to create economic opportunities in Ghana's construction sector value chain for disadvantaged young people of all ages. 17 to 24 years old.
She added that since its creation, the project has supported 279 companies in all cities of the project: Accra, Kumasi, Takoradi and Ashiaman; with funding of more than 1.7 million GH ¢, adding that more youth businesses would be supported by the project before the end of the year.
She said that the perception that people had of the construction industry, namely that it belonged to the non-performers, who had to go to learn a trade, had to change as this was negatively affecting the sector.
Ms. Kafui said the project was intended to build confidence in the building industry, whose approaches have continued to evolve with the ISO certification of the International Organization for Standardization (ISO), which calls for Built environment is achieved in a particular way.
She added that the issue of importing artisans from neighboring countries showed that the country was lacking in numbers and that some or most of the Ghanaian artisans were not ready to upgrade their skills.
She said the issue of skills development is a long-term goal and urged beneficiaries to spend more time improving the skills already gained in the project.
She said: "We are seeing a new dimension in what we consider skills development, but there is still a lot to be done and a lot of opportunities should be offered to these people to test their skills."
For his part, Mr. Emmanuel Sin-nyet Asigiri, Executive Director of the National Youth Authority (NYA), congratulated the YIEDIE project leaders for the immense contributions made in the lives of young entrepreneurs.
He said that a look at the construction industry in Ghana has shown that the sector is dominated by foreign nationals, while young Ghanaians are walking the streets.
He added that, in the future, the NYA would establish a relationship with the YIEDIE project, adding that "as the key government agency supposed to be spearheading development, we are going to bring together our ideas and see what we can do for young people ".
Asigiri urged beneficiaries to play the role of ambbadadors to inform other young people who have not made productive lives to take advantage of these opportunities.
He added that the NYA has already developed and that it will soon launch similar projects for the benefit of 10,000 young people across the country.
The Skills and Employability Project includes eight modules, including pearl making, metal fabrication, baking and cosmetology, which must be deployed to help solve the unemployment problems facing the country.
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