A National Youth Organizer for the Liberal Party of Ghana (LPG), Clement Boadu, has said that the electronic levy (e-levy) will help fix the unemployment crises in Ghana.
This comes after the host of Movement In The Morning Political Show, Oheneba Nana Asiedu asked of his opinion on the implementation of the e-levy come May 1st, 2022.
He said “As a National Youth leader, I believe e-levy will support young entrepreneurs through the YouStart initiative which will help reduce the current state of unemployment among the youth. For the first time, we have the privilege to present our ideas for funds and have access to jobs opportunities’’.
“Job creation is the only thing I am looking out for because there are several vibrant university graduates with no jobs- young people are really suffering”, he added.
He stated that he receives several calls from some young people and sometimes they ask him for as low as 20 cedis for food.
According to him, one of the visions of the LPG party is to provide employment benefits to the youth especially, and they are happy the President has introduced e-levy to help build the economy through entrepreneurship and the LPG will continue building the country when they are voted into power.
“We cannot speak against the payment of taxes,’’, he stressed
About YouStart
YouStart initiative, as captured in the 2022 Annual Budget would support youth-led enterprises with, soft loans of up to GH¢50,000 to help start-ups (in particular by young graduates and school leavers) and small businesses to expand, Starter packs (Soft loans tied to equipment acquisition) of up to GH¢50,000 for individuals and GH¢100,000 for associations and groups and a standardised loan package of between GH¢100,000 to GH¢400,000 at concessional rates for SMEs from financial institutions.
The Unemployment rate among the population 15 years and older was estimated as 13.4% and was higher for females (15.5%) than males (11.6%). Among the population 15-35 years, the unemployment rate was 19.7% and is even much higher for young adults 15-24 years (32.8%).
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