New micro-credit scheme for young entrepreneurs in Ketu South District

An Entrepreneurial Development Fund with an initial amount of GH¢25,000 has been established to provide micro-credit for young entrepreneurs in Ketu-South District.

The revolving fund known as Ketu-South Youth Entrepreneurial Fund was initiated by Mr Fifi Kwetey, a Deputy Minister of Finance.

Mr Kwetey, who announced the initiative at a day’s workshop, dubbed: “Destiny Changing Seminar,” on the theme: “Transforming the Youth of Ketu and Raising Future Giants for Ghana”, said it targeted tertiary students, young graduates and youth leaders.

Topics discussed at the seminar included: ‘’building hope for the future,’’ job hunting to job creation’’ and ‘’procedures in enterprise formation.’’

The event is to engineer a new generation of people to create jobs for themselves, break the cycle of the mass hunt for non-existent jobs, sometimes by job seekers without skills.

Mr Kwetey said the Fund to be manned by a Board of Trustees would grant credit to only “serious-minded people”.

He asked the youth to brace up for challenges in life, saying no amount of projects could bring development to people whose mindsets were not tuned towards change.

Mr Charles Sam of Golden Future Promotions, an inspirational speaker, observed that many family enterprises collapsed on the death of their founders because of weak management structures.

Mr Emmanuel Dei Tumi of Foundation for Future Leaders told the participants that it was illusive to look to the government to solve all problems instead they should be innovative.

Mr Emmanuel Sarkodie, Chief Executive Officer of the CDH Financial Holdings, who talked on enterprise formation and procedures, commended Mr Kwetey for the initiative.

Source: GNA