The Deputy Chief Executive Officer of the Youth Employment Agency (YEA), Alhaji Ibrahim Bashiru, revealed on Tuesday, January 9, 2024, that the Youth Employment Agency Business and Employment Assistance Programme (BEAP) has secured a substantial financial injection of GHC 120 million from the government.

The funding, he said, aims to drive the implementation of BEAP, a comprehensive initiative designed to bolster small and medium enterprises (SMEs) and generate employment opportunities for 20,000 young people across the country.

During a press briefing in Bolgatanga, Alhaji Bashiru outlined the primary objective of BEAP, emphasizing that the program sets out to support 10,000 SMEs, a move anticipated to create a ripple effect by providing gainful employment for thousands of young individuals.

The CEO underscored the significance of safeguarding existing jobs, fostering increased employment, and ensuring stability within the business sector.

“The success of YEA’s BEAP hinges on a collaborative approach involving various stakeholders, such as government agencies, financial institutions, and civil society organizations,” emphasized Alhaji Bashiru.

BEAP’s multi-faceted approach includes not only financial support but also strategic interventions aimed at enhancing the overall business environment.

The injection of GHC 120 million, he said, is expected to facilitate access to capital for SMEs, enabling them to expand operations, hire more personnel, and contribute significantly to the country’s economic growth.

Source- a1radioonline.com