According to Dr. John Kumah, the deputy finance minister, one of the government’s flagship programs, YouStart, is expected to produce billionaires in the nation.
He claims that through supporting these start-ups, the numerous young people who are unemployed will be given jobs.
According to a 3news article, the Deputy Finance Minister made this statement during the signing ceremony with 13 Participating Financial Institutions (PFIs) to support the YouStart program.
The relationship, according to Dr. John Kumah, was crucial in the government‘s effort to foster entrepreneurship and transform Ghana into an entrepreneurial State, the report concluded.
It would be recalled that the YouStart initiative was captured in the 2022 Annual Budget.
It is aimed at supporting youth-led enterprises with soft loans of up to ¢50,000.
The YouStart programme will also help start-ups and small businesses expand.