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Ghana Chamber of Young Entrepreneurs Joins Youth Business International, Boosting Local Enterprise Development

Accra, Ghana – The Ghana Chamber of Young Entrepreneurs (GCYE) has officially joined Youth Business International (YBI), marking a significant milestone for entrepreneurship development in Ghana. This new partnership underscores GCYE’s commitment to enhancing support for young entrepreneurs by offering unparalleled access to international resources, mentorship, and growth opportunities. As part of the global YBI network, GCYE now connects Ghanaian entrepreneurs with a worldwide community dedicated to fostering the success of youth-led businesses. YBI’s expansive network comprises over 50 countries, providing crucial backing that enables young entrepreneurs to start, scale, and sustain their enterprises effectively. Sherif Ghali, CEO of the Ghana Chamber of Young Entrepreneurs, emphasized the importance of this membership: “Joining YBI is transformative for Ghanaian entrepreneurs. It opens doors to global expertise, mentorship from seasoned business leaders, and increased opportunities to scale businesses both locally and internationally.” The partnership between GCYE and YBI is expected to significantly strengthen entrepreneurial ecosystems in Ghana, promoting innovation and sustainable economic growth. Stay connected for forthcoming initiatives, mentorship programs, and business opportunities stemming from this collaboration.

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GCYE CEO, Sherif Ghali Honoured with Prestigious Young Achievers Award by Ghana’s President

Accra, Friday, 29th October 2024 – Sherif Ghali, the Chief Executive Officer of the Ghana Chamber of Young Entrepreneurs (GCYE), has been celebrated for his exceptional contributions to youth entrepreneurship, receiving the coveted Young Achievers Award during a ceremony at Jubilee House in Accra. The award, presented by the President of Ghana under the Head of State Award Scheme, recognizes dynamic young leaders whose visionary efforts are breaking barriers and addressing societal challenges through innovative solutions. Sherif Ghali’s leadership has been instrumental in championing youth entrepreneurship across Ghana, driving initiatives that foster innovation, create employment, and empower young business leaders. His dedication to nurturing a vibrant entrepreneurial ecosystem has inspired thousands of young entrepreneurs to pursue their dreams and redefine business success in the country. Speaking after the ceremony, Sherif Ghali expressed his gratitude for the recognition, emphasizing the collective effort behind the achievement. “This is not just my award; it’s a testament to the resilience and determination of young entrepreneurs in Ghana who continue to innovate, lead, and transform our society. Together, we are building a future where entrepreneurship thrives.” The Ghana Chamber of Young Entrepreneurs hailed the award as a victory for the entrepreneurial community, reaffirming its commitment to empowering youth through programs and initiatives that enable startups and small businesses to succeed. Sherif Ghali’s accolade underscores the vital role of young innovators in driving Ghana’s economic growth and social development, marking a milestone in the journey towards a more inclusive and entrepreneurial future.

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Ghana Chamber of Young Entrepreneurs Receives Tablets Donation from GIZ to Support AfCFTA Digitalization Agenda

The Ghana Chamber of Young Entrepreneurs (GCYE) today, received tablets donated by GIZ’s support program for the African Continental Free Trade Area (AfCFTA). This donation is a strategic effort to enhance the capabilities of key partners in Ghana within the AfCFTA initiative, empowering them to offer improved support to their members and foster a digitalized trade environment across the country. James Hammond, Technical Advisor for the project, presented the tablets to Mr. Sherif Ghali, CEO of the Ghana Chamber of Young Entrepreneurs, underscoring the commitment of GIZ to furthering digital trade and strengthening institutional capacities within the AfCFTA framework. Through this support, GCYE aims to streamline communication, increase efficiency, and bolster its ongoing mission to support young entrepreneurs, enabling them to benefit fully from the opportunities that AfCFTA offers. Mr. Ghali expressed his appreciation for the donation, highlighting the essential role digital tools play in today’s trade landscape. “This generous support from GIZ brings us closer to achieving the goal of a more interconnected, digital-first trade environment in Africa, where young entrepreneurs can thrive and reach new markets with ease.” The GCYE remains committed to leveraging this new resource to drive initiatives that support the AfCFTA Trade Digitalization Agenda, ensuring that young entrepreneurs are well-positioned to participate actively in the continental trade landscape.

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GCYE Leaders Honored at Royal Africa Awards for Exceptional Contributions to Youth Entrepreneurship

Accra, Ghana — In a grand celebration of African leadership and innovation, Mr. Sherif Ghali, CEO and founder of the Ghana Chamber of Young Entrepreneurs (GCYE) and Chairperson of the Commonwealth Alliance of Young Entrepreneurs-Africa (CAYE-Africa), along with the Chairperson and Governing Council of the Chamber, Mr.Ernest Agyenim Boateng, received prestigious accolades at the Royal Africa Awards. This esteemed recognition was presented by the Ooni of Ife, one of Africa’s most venerated leaders, during the Royal African Young Leadership Forum. The Royal Africa Awards, known for acknowledging outstanding contributions to the continent’s development, honored Mr. Ghali and Mr. Ernest for their impactful work in nurturing young entrepreneurs in Ghana and across Africa. Their dedication to fostering entrepreneurial spirit and creating opportunities for the youth has positioned them as pivotal figures in the continent’s economic and social progress. The Ooni of Ife, who has long been a champion of African unity and progress, commended the awardees for their relentless efforts in fostering change in africa. In his address, he highlighted the critical role of unity and partnership in driving economic growth and reducing unemployment among the youth, urging more support for such initiatives across Africa. Mr. Ghali, upon receiving the award, expressed his gratitude to the King and reiterated his commitment to furthering the cause of young entrepreneurs in Africa. “This award is a testament to the hard work and dedication we all put in place in various fields. This is to inspire us to continue good work and for me particularly, it is wakeup call to  focus more on my mission to create a conducive environment for entrepreneurship in Ghana and across Africa,” he stated. The ceremony also saw the recognition of other notable figures, including the Minister of Youth of Nigeria and several key young political figures from Nigeria, alongside 100 other young Africans who are making significant strides in various fields. These awards underscore the diverse and dynamic contributions of young Africans to the continent’s development. The Royal African Young Leadership Forum serves as a platform to celebrate and encourage the next generation of African leaders. By recognizing individuals and organizations that make substantial impacts, it aims to inspire more young Africans to take bold steps in shaping the future of their countries. Mr. Ghali’s leadership in the GCYE has seen numerous initiatives aimed at equipping young people with the skills, resources, and networks needed to succeed in business. Similarly, through CAYE-Africa, he has been instrumental in advocating for policies that support young entrepreneurs across the Commonwealth. As Africa continues to navigate its development challenges, the contributions of young leaders like Mr. Ghali and his colleagues are vital. Their work not only empowers individuals but also contributes to the broader economic and social transformation of the continent. The Royal Africa Awards have once again highlighted the potential of African youth and the importance of nurturing their talents and ambitions. With leaders like Mr. Ghali at the forefront, the future of entrepreneurship in Africa looks promising.

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Richard Addison Steps Down as Chairman of Ghana Chamber of Young Entrepreneurs to Pursue Politics

Accra, Ghana – In a surprising but well-received announcement, Richard Addison has stepped down from his role as the chairman of the Ghana Chamber of Young Entrepreneurs Governing Council, a position he has held and excelled in for the past two years. Addison’s decision comes as he prepares to fully immerse himself in the political landscape of Ghana, a move that aligns with the chamber’s strict non-partisan policy. Under Addison’s leadership, the Ghana Chamber of Young Entrepreneurs has seen significant growth and increased support for young entrepreneurs across the country. His innovative policies and commitment to fostering a nurturing environment for young business minds have been pivotal in the chamber’s success. His tenure has been marked by a series of successful initiatives and programs aimed at empowering the next generation of Ghanaian entrepreneurs. However, in keeping with the chamber’s policy, which mandates that leaders refrain from playing active roles in politics, Addison has chosen to resign. This policy ensures the chamber remains an unbiased and non-partisan entity, focusing solely on the development of young entrepreneurs in Ghana. In his heartfelt message, Addison expressed his deep affection for the chamber and its mission. “The chamber is very dear to my heart,” he said, emphasizing the significant role it has played in his life and career. He assured the chamber and its members of his ongoing support, even as he transitions into his new political role. Addison’s dedication to the chamber’s cause has been evident throughout his tenure. He has promised to continue supporting the chamber’s endeavours, highlighting his commitment to nurturing the entrepreneurial spirit in Ghana. As the chamber prepares for a new chapter, Mr. Ernest Agyenim-Boateng will be acting as Chairperson until a new successor takes over. The Ghana Chamber of Young Entrepreneurs remains committed to its mission of supporting and empowering young entrepreneurs across the nation, fostering an environment where innovation, creativity, and hard work are celebrated and nurtured. Richard Addison’s move into politics is not just a career shift but a testament to his unwavering commitment to national development. His legacy at the chamber will undoubtedly serve as a foundation for its continued success and as an inspiration to young entrepreneurs across Ghana.

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GCYE, European Union and SNV Ghana, Launches a 3 million Ghana Cedis Young Entrepreneurs and Start-ups Support Fund.

Accra, Ghana, September 7th, 2023 – In a ground-breaking initiative aimed at fostering youth-driven economic growth and innovation, the Ghana Chamber of Young Entrepreneurs (GCYE) has announced the launch of a 3 million Ghana Cedis Member Contribution-Based Young Entrepreneurs and Start-ups Support Fund. This pioneering venture is made possible through the support of the European Union-funded SNV GrEEn project. In his opening address, the CEO of GCYE, Mr. Sherif Ghali underscored the challenges faced by young innovators in accessing finance and stressed the urgent need for financial resources and support. He also highlighted the pivotal role played by the chamber in Ghana’s entrepreneurship ecosystem, tracing the inception of the YESS Fund back to 2019 at the National Young Entrepreneurs Forum. “Over three years, the chamber diligently worked to establish this fund, consulting extensively with industry experts and regulatory authorities.” He said. The CEO commended the Bank of Ghana’s regulated third-party Chango App, which streamlined their efforts. Members embraced this innovation and started contributing to the realization of the YESS Fund. “YESS Fund is a tangible testament to the chamber’s commitment to empowering Ghana’s young entrepreneurs, rooted in values of unity, trust, innovation, and belief in their potential.” He added. Expressing gratitude to the EU-backed SNV Green Project for their crucial 250,000 euros contribution, the CEO called on other partners, governments, and organizations to join their transformative journey. He emphasized the reasons for support, including expanding the fund’s impact, nurturing sustainable entrepreneurship, aligning with global goals, and empowering Ghana’s youth to shape their economic futures. Concluding, he invoked the proverb “Heaven helps those who help themselves,” highlighting the fund’s origin in the determination and resourcefulness of young entrepreneurs. With collective support, the YESS Fund can make a profound difference in the lives of Ghana’s youth. In her official statement, Marta Brignone, the Programme Officer at the EU Delegation to Ghana, highlighted that the YESS Fund was not originally included in the project plan at the outset of the green initiative. However, the EU’s implementing partner, SNV, proposed the YESS Fund, which was deemed a brilliant, innovative, and sustainable approach to leave a lasting impact as the project nears its conclusion. Brignone underscored the EU’s strong enthusiasm for innovation and its commitment to ensuring sustainability. “As a development partner, our role only extends to contributing to the fund. It now falls upon your shoulders to ensure the fund’s long-term sustainability and growth, ensuring that future generations can reap its benefits.” Bettina Schoop, the Component Manager at the GIZ AgriBiz project, extended her congratulations to the chamber for their commendable initiative. She noted that her project had collaborated with the chamber on five distinct initiatives and expressed unwavering confidence in the chamber’s capacity to achieve the fund’s objectives. Schoop commended the European Union and SNV for their valuable support and financial assistance and expressed optimism that additional support would be forthcoming. During the fund’s inauguration, the Country Director of the SNV Netherlands development organization, Barbara White Nkoala, commended her green project team and the chamber for their pivotal contribution to the launch of the fund. She elaborated on the SNV GrEEn project, funded by the European Union, which centres on advancing green and inclusive growth while emphasizing the vital role of youth engagement in sustainable development. This collaborative effort underscores the EU’s dedication to nurturing youth entrepreneurship in Ghana and fostering economic resilience and sustainability. “I firmly believe that this fund represents a significant and enduring legacy for the green project. We hope that a decade from now, upon our return, the fund will have thrived, benefitting numerous businesses, particularly those in the green sector,” she remarked. The fund’s launch was a vibrant and memorable event, presided over by the SNV Country Director, with support from the EU representative, a representative from the Development Bank Ghana, and the CEO of the National Entrepreneurs and Innovation Programme. For media inquiries, please contact: +233 55 956 7713 info@gcyegh.org

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GCYE Launches Young Female Entrepreneurs Programme (YoFEP)

Accra, Ghana – June 15, 2023 – The Ghana Chamber of Young Entrepreneurs has launched the Young Female Entrepreneurs Programme (YoFEP), a transformative initiative aimed at empowering young Ghanaian women in entrepreneurship. With a focus on providing comprehensive support, including training, mentorship, and access to capital, YoFEP seeks to enable the establishment and growth of sustainable businesses. The virtual launch event, held on June 15, witnessed the presence of distinguished guests, industry leaders, and prominent figures dedicated to fostering entrepreneurship. Chairperson, Mr Richard Adison of the Chamber’s Governing Council opened the event, extending a warm welcome to all participants and highlighting the Chamber’s commitment to empowering young entrepreneurs. Mr Sherif Ghali, CEO of the Ghana Chamber of Young Entrepreneurs, presented a comprehensive overview of YoFEP, outlining its objectives and significance in driving economic growth. Ghali emphasized the program’s commitment to providing young female entrepreneurs with the tools, knowledge, and resources necessary to succeed in their ventures. The keynote address was delivered by the esteemed Kosi Ayi-Yankey (Mrs), who captivated the audience with her profound statement, “The Future is Female and The Future is Entrepreneurship.” Ayi-Yankey, CEO of the Ghana Enterprises Agency, shed light on the government’s proactive measures to support women entrepreneurs and expressed her dedication to empowering women in business. She encouraged young females to seek information, grasp opportunities and emphasized the importance of collaboration among partners to maximize impact. During the event, partners including WUSC Ghana, GIZ, and the Development Bank Ghana congratulated the chamber for initiating YoFEP. These organizations pledged their continued collaboration to empower young female entrepreneurs in Ghana, recognizing the crucial role they play in driving innovation and economic progress. YoFEP holds immense promise in transforming the entrepreneurial landscape for young Ghanaian women. By removing barriers and fostering a supportive ecosystem, the program aims to elevate the participation of young women in entrepreneurship, creating a vibrant and inclusive business environment. For more information about the Young Female Entrepreneurs Programme and the Ghana Chamber of Young Entrepreneurs, please visit yofep.gcyegh.org .  About the Ghana Chamber of Young Entrepreneurs: The Ghana Chamber of Young Entrepreneurs is a leading organization dedicated to fostering entrepreneurship and empowering young entrepreneurs in Ghana. The Chamber provides a platform for networking, capacity building, and advocacy, striving to create an enabling environment for entrepreneurial success. Media Contact: Phone: +233 27 140 4713 Email: info@yofep.gcyegh.org

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