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Ghana Has 1,140,009 Unemployed Youth; 605,451 Females And 534,558 Males

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Ghana Has 1,140,009 Unemployed Youth; 605,451 Females And 534,558 Males

Chief Accountant at the Ministry of Finance Mr. Andrew Ameckson, has indicated that, the governments programme, YouStart was anticipated to create 1 million jobs, out of which 800,000 were expected to be direct jobs to the Ghanaian youth.

He further added that, the YouStart was a national programme and that eligible applicants would be given the opportunity and support to contribute their quota to the development of the country.

He said these at a public engagement on the YouStart Programme before its official launch, the YouStart Secretariat at the Ministry of Finance met with a cross section of Civil Society Organizations (CSO) in Accra.

The stakeholder meeting was among other things to take the CSOs through the YouStart policy structure, its framework, beneficiary groups requirements and seek their support and suggestions before the official launch of the programme.

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Mr. Ameckson further gave some facts and figures on the youth population in the country and stated that, the overall youth population in Ghana from 15 to 35 age range was 11.7 million and the youth unemployment rate was 19.7%, estimated to be 1,140,009. The unemployed females were 22.3% estimated to be 605,451 and unemployed males were 17.4% estimated to be 534,558.

Number of workers who lost their jobs and were seeking work were estimated to be 187,763, the presentation revealed.

He showed that, 50% of the Ghanaian Youth estimated to be 5,872,229 were classified as under employed, this he explained, as working below one’s capacity and that was why the YouStart was extremely essential to ensure that there was enough capacity building to get the best of the teeming youth.

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Ms. Patience Arko Boham, an official of the Ministry, also touched on the features, benefits and eligibility criteria of the YouStart programme. She said that applicants were supposed to have a verifiable digital address, have a Ghana Card and two weeks training to qualify for the programme.

She revealed that, the programme was aimed to target the youth between the ages of 18 and 40 years, and after due diligence of the applications, an amount of GHC 50,000 and GHC 100,000 with 4% interest rate payable within a period of three years would be given to individuals and groups as working capital.

Civil Society Organizations present at the meeting included Network for Empowered Youth for Development, SEND GHANA, Ghana Chamber for Youth Entrepreneurs, STAR-Ghana Foundation, Strategic Youth Network for Development.

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Others were African Center for Economic Transformation, Centre for Community Livelihood Development, Youth Advocate Ghana, Ghana TVET Service

Implementing agencies under the YouStart programme which included NEIP, KPMG, Legacy and Legacy, representatives from the Ghana Association of Banks were present at the meeting.

Source: www.GhanaCNN.com

Politics

I Am Not A Prophet, But This Will Happen In 2024 Election – Twene Jonas Drops Good News For NDC Ahead Of Elections

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I Am Not A Prophet, But This Will Happen In 2024 Election – Twene Jonas Drops Good News For NDC Ahead Of Elections

Social media influencer and political activist Twene Jonas was on fire today following his Facebook live. He is known as one of the social media commentators who always seek for better Ghana.

Twene Jonas speaking has dropped another prophecy ahead of the 2024 election. According to him, he is not a prophet but this will happen in the 2024 election. The New Patriotic Party will lose the election as a consequence of Nana Addo’s failure in power. He has really disappointed Ghanaians and the majority of NPP supporters will vote against the party.He outlines the reasons why the Nana Addo government has failed.
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Firstly, Nana Addo promised to eliminate corruption. After getting the power to lead the country he is even fuelling the corruption in the country. He failed to allow the law to deal with his appointees who are involved in corruption scandals.

He said in his campaign we are sitting on money and we don’t have to feel hungry. Promised to stabilize the economy but now things are beyond the country. He vowed not to visit IMF but now he is running to seek financial help.

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He promised to reduce the unemployment rate in the country by creating jobs. After he established NABCO Ghanaians thought he is on the path to reducing unemployment not knowing it was a scam to get more votes. All this shows that NPP has nothing better to offer the country and Ghanaians need someone else.

Source: www.GhanaCNN.com

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JUST IN: Bloomberg Exposes Akufo Addo’s Government On IMF Bailout; Changes Loan Target From 2 Billion

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JUST IN: Bloomberg Exposes Akufo Addo’s Government On IMF Bailout; Changes Loan Target From 2 Billion

The government will be looking at receiving an amount of $3 billion over three years from the International Monetary Fund (IMF) once an agreement on a programme is reached.

This is according to international news agency, Bloomberg.

The portal reported on its website that the new amount requested as a loan was double the government’s initial target of $1.5 billion.

“Ghana’s government is in talks over a loan of about $3 billion from the International Monetary Fund, according to two people familiar with the matter.

“The amount is double what the West African nation was considering a month ago as it tries to shore up its finances and win back access to global markets. The funding would be provided over three years, the people said, asking not to be identified because the talks are still in progress and public announcements have not been made. Calls to a finance ministry spokeswoman didn’t connect,” Bloomberg added.

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An IMF emailed response to the news outlet also indicated that it was to early to comment on the subject, maintaining that the Executive Board of the Bretton Woods institution ultimately wielded power in determining the programme for Ghana.

“Since negotiations for the program are starting now, it’s too early to comment on the final form the program will take.

“The Extended Credit Facility for low-income countries is the Fund’s main tool for medium-term support for countries facing protracted balance of payments problems, similar to Ghana’s. The duration of such an arrangement is between three to four years, and extendable to five years. The final program is ultimately decided by the IMF’s Executive Board,” an IMF spokeswoman told Bloomberg.

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It will be recalled that the government on July 1 made a U-turn on its strong position of not seeking support from IMF amid an economic downturn.

A team from the IMF arrived in the country on July 6 and engaged Ghanaian authorities for a programme aimed at restoring macroeconomic stability and safeguarding debt sustainability among many others.

Government has continuously maintained that it will negotiate a good deal with IMF.

On Friday, August 5, American credit rating agency, Standard and Poor’s (S&P) Global Ratings pushed Ghana’s debt further into speculative territory, lowering its foreign and local currency sovereign ratings to CCC+/C from B-/B.

According to a report by marketwatch.com, S&P said its outlook for the country remains negative, “reflecting Ghana’s limited commercial financing options, and constrained external and fiscal buffers.”

S&P which is one of the ‘Big Three’ credit-rating agencies, including Moody’s Investors Service and Fitch Ratings, in their report stated that the “Covid-19 pandemic and the conflict in Russia have magnified Ghana’s fiscal and external imbalances.”

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“There is also demand for foreign currency that has been driven higher by several factors, including nonresident outflows from domestic government bond markets, dividend payments to foreign investors and higher costs for refined petroleum products,” the report added.

Source: www.GhanaCNN.com

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I Doubt You Are Mills’ Brother…Your Language “Stinks”- Lawyer Ampaw Slams Samuel Atta Mills

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I Doubt You Are Mills’ Brother…Your Language “Stinks”- Lawyer Ampaw Slams Samuel Atta Mills

Lawyer Maurice Ampaw has taken Hon. Samuel Atta Mills to the cleaners following his accusations that the government of President Akufo-Addo has used his late brother’s remains for rituals.

The Member of Parliament for Komenda Edina Eguafo Abrem told that press that he believes the remains of the late former President John Evans Atta Mills, has been used for rituals by the current government.

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But Lawyer Maurice Ampaw, slammed Hon. Samuel Atta Mills by describing him as someone who speaks language that “stinks”.

He pointed out that the statement from the MP were an insult and an attack on the integrity of government without evidence.

Addressing the issue on Wontumi TV’s  Mmra Ne Abrabo Mu Nsem show, Lawyer Ampaw praised the late former President John Mills as someone who was courteous and spoke with wisdom and humility in his interaction with people but was quick to add that his brother Samuel Mills utterances, were stark contrast to him.

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“I doubt Atta Mills’ blood is in his brother. He is the opposite of him and his language stinks”, Lawyer Ampaw said.

He insisted that “wherever the ghost of Mills is, he would be crying” about his brother’s behavior.

Source: www.GhanaCNN.com

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