GEA and the Mastercard Foundation Partner To Empower 250,000 Young Ghanaians Through BizBox Program - Seite 2

With an investment of GHS 660 million (approximately USD 55 million), BizBox underscores GEA and the Mastercard Foundation's ongoing commitment to young people's development. The program, scheduled to run until April 2027, will provide young entrepreneurs with essential tools, knowledge, and support to start and expand their businesses. It will deliver comprehensive training in life skills, technical expertise, entrepreneurship, and business development, promoting business growth and scalability.

A significant focus of the program is empowerment, with more than 70 percent of the target participants being young women and 10 percent Persons with Disabilities (PWDs), reaffirming its commitment to inclusivity and diversity in economic participation.

"The BizBox program emerges as a beacon of hope, fostering economic empowerment and laying the foundation for a prosperous future for the youth of Ghana. This is in alignment with the Government of Ghana's vision of ensuring that the youth of Ghana are engaged for the nation's development," said Kosi Yankey-Ayeh, CEO of the Ghana Enterprises Agency.

The program is tailored to complement the government's ongoing efforts to address the pervasive youth unemployment challenge. Importantly, this initiative aligns with the government's ambitious goal to generate one million jobs for young people by 2025.

The program comprises five components: Youth Skills Development, Access to Market, Access to Start-up Kits, Youth Social Networks and Institutional Strengthening, Policy, and Regulatory Support. Its implementation will involve a thorough process of sensitization, application, selection, assessment, and training focusing on vulnerable young people, past beneficiaries, PWDs, vulnerable women, women-owned/led MSMEs and graduates from agricultural colleges.

The BizBox Program is focused on holistic development rather than direct financial assistance, seeking to empower entrepreneurs to build resilient and competitive enterprises.

For media enquiries, please contact:

Ghana Enterprises Agency
Ms. Rejoice Tettey, Communications Manager

Mastercard Foundation
Felix Baidoo, Country Communications Partner, Ghana

About Ghana Enterprises Agency (GEA)

The Ghana Enterprises Agency (GEA) is the apex governmental Agency under the Ministry of Trade and Industry (MoTI) responsible for the promotion and development of the Micro, Small and Medium Enterprises (MSMEs) Sector in Ghana. GEA, formerly the National Board for Small Scale Industries (NBSSI) was established by an Act of Parliament (Act 1043) in November 2020. The GEA Act 1043 was assented to in December 2020. The Act mandates GEA to Coordinate, Implement and Monitor the activities of the MSME Sector.

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