The Chief Executive Officer of the Ghana Chamber of Young Entrepreneurs has reaffirmed the Chamber’s commitment to creating opportunities for young enterprises and building their capacity with the support of its partners.
He emphasized that entrepreneurial development is crucial to empowering young people economically.
Speaking at the launch of the Youth and Women Business Policy Environment Reform (YWPER) Project.
The Chief Executive Officer of the Ghana Chamber of Young Entrepreneurs, Sherif Ghali called for increased budgetary allocation to the Local and Youth-Led Development (LYD) initiative and urged young entrepreneurs to take advantage of opportunities under the Youth and Women Business Policy Reform (YWPER).
“The Chamber of Young Entrepreneurs is now ten years but if you look at the impact we have created over the years, speaks for itself. Last year, we launched Ghana’s first-ever youth fund that EU through SNV sponsored with three million. We have done a lot of capacity-building across Ghana. We are so intentional in the things we do for young entrepreneurs because we believe that whatever we do, we need to focus on building the capacity of the young people,” he stated.
This project aims to create an enabling environment for youth- and women-led enterprises to thrive.
On its part, the European Union reaffirmed its commitment to supporting youth and women empowerment, emphasizing its dedication to addressing the challenges they face in their entrepreneurial journey.
Through the European Union ICR facility, the EU aims to provide targeted interventions that will equip young entrepreneurs and women with the necessary skills, resources, and financial support to thrive in their respective ventures.
Speaking at a recent engagement, the Programme Officer for Micro-Economic and Trade Section at the European Union, Malgorzata Pitura, reaffirmed its commitment and highlighted the importance of fostering an enabling environment for entrepreneurship, particularly for marginalised groups.
They noted that “limited access to funding, technical expertise, and market opportunities remain significant hurdles for young entrepreneurs and women-led businesses.”
“The European Union remains resolute in its mission to create equal opportunities for all, ensuring that young entrepreneurs and women receive the support they need to overcome existing challenges and contribute meaningfully to economic progress with the commitment to economic development and social inclusion, reinforcing the crucial role of entrepreneurship in driving sustainable growth”. She indicated.
The ICR facility is designed to bridge these gaps by offering capacity-building programs, mentorship opportunities, and financial assistance.
Through strategic partnerships with local institutions and stakeholders, the EU seeks to create sustainable solutions that will empower youth and women to succeed in competitive markets.
In his speech, Hon. George Opare Addo, the Minister of Youth Development and Empowerment, reaffirmed the government’s commitment to supporting young entrepreneurs in Ghana. He also highlighted the government’s plans to establish an entrepreneurship fund to further support #startups and foster the growth of new businesses in the country.
