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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.

 

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About NABCo YouStart Initiative

The YouStart programme, will help in the creation of 1 million jobs. Government is seeking to create 300,000 entrepreneurs which form 30% of the unemployed population in Ghana who will provide jobs for other young people.

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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.
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NABCo YouStart Initiative Implementation

  • 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.
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NABCo YouStart Initiative Participating Banks

As stated by John Awuah, President of the Ghana Association of Bankers, the participating banks are as follows

  • GCB Bank Ltd
  • Consolidated Bank Ghana (CBG)
  • Access Bank, Absa Bank
  • FBN Bank
  • ADB
  • Fidelity Bank
  • Ecobank and Bank of Africa

 

NABCo YouStart Initiative Application Form Portal

The NABCo YouStart Application Form Portal is to be active in July however read more below

 

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25 Comments

  1. Am 32 years of age and I completed shs in the year 2011 till now . Am able to open a barbering shop at Tema in the year 2018. And I need money to renovate it or widen it to employ 3 more people attached to the one worker that I have now. Please 🙏 I really need assistance from the government to really help me to reduce unemployment in the country Ghana 🇬🇭. Thanks 0541723160

  2. Please The youth start program could help to reduce the country employment rate if government really makes good used of his decision we the Nabco has alot business plans .me for instant if just Get 8000 to 10000 I will established a business I can manage and employ people to work under me I have already plan a business but no money to start

    1. OK me too have my number and call me let’s talk 0548026500
      Its a good idea the government intends to do.

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