{"id":137744,"date":"2024-01-11T08:10:57","date_gmt":"2024-01-11T08:10:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/11\/beap-will-address-ghanas-unemployment-challenges-yea-ceo\/"},"modified":"2024-01-11T08:10:57","modified_gmt":"2024-01-11T08:10:57","slug":"beap-will-address-ghanas-unemployment-challenges-yea-ceo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/11\/beap-will-address-ghanas-unemployment-challenges-yea-ceo\/","title":{"rendered":"BEAP will address Ghana\u2019s unemployment challenges \u2013 YEA CEO"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>The CEO of the Youth Employment Agency (YEA), Kofi Baah Agyepong, has said the Business and Employment Assistance Programme (BEAP) will help reduce Ghana\u2019s unemployment rate by giving lifeline for countless young individuals striving to carve out a promising future.<\/p>\n<p>According to him, 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.<\/p>\n<p>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.<\/p>\n<p>Speaking to journalists in Kumasi on Wednesday (10 January 2024), 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.<\/p>\n<p>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\u2019s workforce, he added.<\/p>\n<p>Highlighting the programme\u2019s 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\u2019s sustainable funding from the Communication Service Tax, emphasising the agency\u2019s unwavering commitment to directing these funds solely towards job creation.<\/p>\n<p>Mr Agyepong extended appreciation to the government for its endorsement and support, ensuring the programme\u2019s successful launch and initiation.<\/p>\n<p>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.<\/p>\n<p>Despite the admitted global economic challenges, he said: \u201cWe have been working hard to reduce the rate of unemployment and lessen the burdens of life on young people whiles affording them the opportunity to make ends meet.<\/p>\n<p>Touching on the success story of the agency, Mr Agyepong said in 2022\/2023, the government of Ghana through YEA recruited:<br \/>\u2022 15,000 Community Protection Assistants working with the Ghana Police Service.<br \/>\u2022 6,000 Community Health Workers working with the Ghana Health Service,<br \/>\u2022 1,500 Prison Office Assistants working with the Ghana Prisons Service,<br \/>\u2022 4,000 workers on the Cocoa Rehabilitation Programme.<br \/>\u2022 5,000 Insurance Agents for the National Insurance Commission with base pay.<br \/>\u2022 13,000 direct jobs secured through the YEA Job Centre<br \/>\u2022 2,000 dressmaking trainees undergoing apprenticeship training with GHC500 monthly support.<br \/>\u2022 over 30,000 entrepreneurs trained by both the National Entrepreneurship and Innovation Programme (NEIP) and the Ghana Library Board with support for set-ups,<br \/>\u2022 2,000 young people trained by the Accra Digital Centre in Basic and Advanced IT skills.<br \/>\u2022 Currently, YEA is recruiting another 20,000 young people to be trained and set up in 10 different trade areas being \u2013 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.<br \/>\u2022 45,000 Sanitation Module beneficiaries<br \/>\u2022 financial support to over 500 dress makers and 40 large garment companies<\/p>\n<p>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.<\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 The CEO of the Youth Employment Agency (YEA), Kofi Baah Agyepong, has said the Business and Employment Assistance Programme (BEAP) will help reduce Ghana\u2019s unemployment rate by giving lifeline for countless young individuals striving to carve out a promising future. According to him, the initiative seeks to address the financial strains faced by Micro [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":137745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-137744","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BEAP will address Ghana\u2019s unemployment challenges \u2013 YEA CEO - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/11\/beap-will-address-ghanas-unemployment-challenges-yea-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BEAP will address Ghana\u2019s unemployment challenges \u2013 YEA CEO - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 The CEO of the Youth Employment Agency (YEA), Kofi Baah Agyepong, has said the Business and Employment Assistance Programme (BEAP) will help reduce Ghana\u2019s unemployment rate by giving lifeline for countless young individuals striving to carve out a promising future. 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