July 23, 2012

Government has reiterated its commitment to reducing further the huge numbers of graduate unemployment in the country.

The Ministry of Employment and Social Welfare has accordingly established a Public –Private Partnership initiative known as the Graduate Business Support Scheme which will build capacity and provide support to 10,000 unemployed graduates from tertiary institutions for self employment.

According to the Deputy Minister of Employment, Antwi Boasiako Sekyere made this known on the floor of Parliament on Monday while answering a question on behalf of the substantive Minister E.T Mensah which was asked by the MP for Agona East, John Agyabeng about the intended establishment of the Centre for Entrepreneurship, Employment and Innovation Initiative (CEEII) to address the growing graduate unemployment.

He stated that currently the scheme is in its implementation stage and has over 2,500 unemployed graduates registered to benefit all the 10 Regions.

Hon. E.T Mensah said over 200 of the 500 beneficiaries trained have submitted business plans of which 76 have been updated for possible funding by financial institutions.

He noted that the programme has a financial scheme backed by 7 insurance companies to provide sustainable funding for the programme, adding that the ultimate objective is that through this scheme , graduates coming out of the universities will set up one hundred trans-generational businesses each year that can compare with the best in the world.

Kwadwo Anim/Ghanamps.gov.gh