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YOUTH INNOVATE

YOUTH INNOVATE. Reducing Unemployment Among The Youth Of Ghana Through Entrepreneurship. Problem Description . Poverty. Youth Unemployment . 4 out of every 10 Ghanaian live in poverty. 25 % unemployment rate since 2012 and still soaring. Brain Drain . Social Vices.

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YOUTH INNOVATE

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  1. YOUTH INNOVATE Reducing Unemployment Among The Youth Of Ghana Through Entrepreneurship

  2. Problem Description Poverty Youth Unemployment 4 out of every 10 Ghanaian live in poverty 25 % unemployment rate since 2012 and still soaring Brain Drain Social Vices 47% of college graduates seek greener pastures abroad Prostitution, drug abuse, armed robbery, teenage pregnancy http://www.infoghana.info/news/overcoming-youth-unemployment-ghana-part-26http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=93176

  3. Findings • No trades/vocations or job placements for Junior and Senior High Schools • Education and training not linked to the needs of economy • 47% of college graduates from Ghana are seeking greener pastures abroad • Increase in social vices such as drug abuse, prostitution, armed robbery, teenage pregnancy etc. • 1 out of every 2 unemployed youth wants to start a business on his/her own • 1 out of every 3 of them have been looking for a paying job without success • 68% of respondents have tried their hands on something on their own

  4. Solution • An entrepreneurship project where selected youth go through a rigorous vocation/technical training after which they get some seed funding and start their own businesses to create wealth and employment • Profits from the project will be invested back into it to scale the project across the regions 1.Conduct an interview 2. Select talented candidates with at least SHS and some basic vocational/technical skills 1.Enroll a maximum od 100 qualified candidates 2. Candidates go through 6 months rigorous training in their selected disciplines 1.Graduants form teams 1.Teams come up with a business idea and business proposal 2. Ideas and teams are evaluated by experiences serial entrepreneurs 3.Qualified teams get seed funding

  5. Implementation Launch Pilot Launch Nationwide Problem Identification Co-operation Conduct primary research to better understand the main problem, its causes and consequences Establish partnerships with stakeholders involved. Targets are NVTI, NBSSI,NYEP Validate, quantify and qualify the project with a maximum of 20 young people. Once the pilot is successful. The project will be replicated in the rest of the country NVTI – National Vocational Training InstituteNBSSI – National Board for Small Scale IndustriesNYEP – National Youth Employment Program

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