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In the latest of initiatives designed to create training, employment and entrepreneurial opportunities for Ghanaian youth, women and the vulnerable, Vice President Mahamudu Bawumia has launched a multimillion cedi project designed to empower hundreds of thousands and provide skills to thousands more.

The Ghs660 million GEA/Mastercard Foundation Business in A Box (Bizbox) Project aims to empower 250,000 individuals and support 125,000 with start-up kits, as well as provide market access support to 50,000 businesses and regulatory support to 40,000 businesses.

This is the largest ever funding for such an initiative and comes less than a month after Government, through the Ghana Enterprises Agency (GEA) provided an additional Ghs31 million to 3000 youth-led startups and Micro, Small and Medium Scale Enterprises. In all, Government provided Ghs 100 million to such enterprises in 2023.

Speaking at the launch of the National Kick-off and Sensitization of the BizBox project in Accra on Monday, January 22, 2024 Vice President Bawumia expressed delight at the ongoing measures to empower the youth and create decent jobs.

“This is an unprecedented initiative that we believe will create and sustain decent jobs for the Ghanaian youth, leaving no one behind.

“The Bizbox is more than just a project; it symbolizes hope and opportunity. It encompasses the tools, knowledge, and support necessary to initiate, develop, own, and grow successful businesses.

“Drawing on the lessons from the previous Young Africa Works Project, Bizbox will focus on expanding business formalization, product certification, and provide access to start-up kits, particularly in the Agricultural and Agri-adjacent sectors.”