NABCo YouStart Application Form Portal

The Deputy Finance Minister, Dr John Kumah, has stated that Nation Builders’ Corps (NABCo) will be transitioned into the YouStart programme once its implementation begins on July 1.

The Deputy Finance Minister, Dr John Kumah made this known on JoyNews’ Pm Express Business Edition on June 9th with the following statement:

• “We have already engaged the NABCo secretariat, and there has to be a more sustainable way of looking at NABCo.”
• “Going forward how do we make sure we support these young people who now have experience, ideas and creativity to have access to further training and working capital to be able to start their own businesses and scale-up,
• “The banking sector is convinced that government wants to build an entrepreneurial nation through youth entrepreneurship. We have decided that this is good, and we want to grow with the private sector,”
• “We are confident that with the well-crafted conditions we are offering and our ammunition of funding, we can make fund accessibility easier to enable young entrepreneurs to launch into the deep.”
• “And when we say we’re targeting to create 1 million jobs, we’re not saying every young man should become an entrepreneur. We’re targeting up to 30% of this available workforce that are looking for jobs, that’s about 300,000.
• “If you’re able to create about 300,000 businesses within the next three years and they do an average of say 5 jobs on the average. Some are able to do 50, 100, but let’s say they create 5 jobs on the average then you have absorbed that’s about 1.5 million jobs created.
• “So, you could have by then absorbed all the 19.7% unemployment or brought it down to sustainable levels. So that’s the objective, we want young people to be bold. And the problem of this country is not lack of ideas, I have engaged young people, and I have seen that they can create jobs.”

• The Government of Ghana is partnering with a consortium of nine banks to provide credit to existing youth-led companies as part of the YouStart programme.
• Under the YouStart initiative, the participating banks will provide support for existing youth-led businesses with between GH¢100,000 working capital and GH¢500,000 for those in need of capital expenditure to start their own businesses.