YEA lists 1,452 companies in inaugural BEAP rollout

Various companies across different sectors, have been included in the inaugural batch of 1,452 businesses listed by the Youth Employment Agency (YEA) under the Business and Employment Assistance Programme (BEAP).

The list features construction companies, IT firms, schools, guest houses, and photo and video studios spread across the country.

 YEA described the programme as a critical component of Ghana’s strategy to revive its economy, following the detrimental effects of the COVID-19 pandemic.

The list of beneficiary companies published by the YEA, includes Zak Construction & Engineering Company Limited in Ablekuma Central Municipal, Food Tank in Ablekuma North, Brand Makers Enterprise in Ablekuma West, and Akyem Kukurantumi Victory Preparatory School Limited in Abuakwa North Municipal.

Other companies are; Linsant Ventures in Abuakwa South, The Digital Space in AMA, Awurama Golden Ventures in Achiase, Owusu Mary 88 Ventures in Adansi Asokwa, Marigold Smart Academy in Agona West, Grace Ice Enterprise in Asante Akim South, I.K Photos & Video Production in Ho Municipal, Baba Mankurli Investment in the Northern Region, and To Him Cold Store in Jasikan.

Additionally, Premium Guide Electrical Works in Yilo Krobo, Avas Logistics Enterprise in Yendi, Thy Greater Grace Ventures in West Gonja, Baz Tech Solutions in Wassa East, Al-Hak Enterprise in Wa Municipal, DS Plastics Company Limited in Tema West, and Kontinental Lodge in Techiman, Bono East, are also included.

The BEAP initiative, designed to aid 10,000 small and medium-scale enterprises (SMEs) and startups severely impacted by the pandemic, commenced with 1,452 businesses in its first phase. Each month, additional businesses, will be integrated into the initiative, ensuring a broad and inclusive economic recovery effort.

The first 1,500 beneficiaries of BEAP have already begun receiving payments, marking a significant milestone. These individuals have been strategically placed within various sectors, such as chop bars, pharmacies, and schools, where they receive vital salary support to help them navigate ongoing economic challenges.

“The disbursement of payments to the first 1,500 verified BEAP beneficiaries is a significant milestone in our efforts to alleviate unemployment and support struggling enterprises,” said a YEA spokesperson.

 “The programme offers GHS 500 per recruited employee, with additional employer contributions, addressing financial strains faced by businesses as highlighted in a recent survey by the Ghana Statistical Service.”

BEAP aims not only to provide a lifeline to SMEs but also to foster employment opportunities across Ghana. The programme targets a total of 20,000 beneficiaries as part of its broader initiative. Sustainable funding from the Communication Service Tax is being utilized exclusively for job creation and economic empowerment initiatives.

In addition to BEAP, the YEA has been pivotal in various employment and skills training programmes. Collaborating closely with state agencies, YEA has enhanced community services, healthcare, and vocational training opportunities. Significant achievements include:

15,000 Community Protection Assistants working with the Ghana Police Service.

6,000 Community Health Workers working with the Ghana Health Service.

1,500 Prison Office Assistants working with the Ghana Prisons Service.

4,000 workers on the Cocoa Rehabilitation Programme.

5,000 Insurance Agents for the National Insurance Commission with base pay.

13,000 direct jobs secured through the YEA Job Centre.

2,000 dressmaking trainees undergoing apprenticeship training with GHC500 monthly support.

Over 30,000 entrepreneurs trained by both the National Entrepreneurship and Innovation Programme (NEIP) and the Ghana Library Board with support for set-ups.

2,000 young people trained by the Accra Digital Centre in Basic and Advanced IT skills.

Currently, YEA is recruiting another 20,000 young people to be trained and set up in 10 different trade areas including carpentry, masonry, plumbing, hairdressing, beauty care, auto works, general electricals, Plaster of Paris (POP), steel works, welding and fabrication, and painting. Training is set to start next week.

Additionally, the Sanitation Module has benefitted 45,000 individuals, and financial support has been extended to over 500 dressmakers and 40 large garment companies.

YEA initiatives, have impacted various sectors, including community services, health, entrepreneurship, and vocational training, offering a beacon of hope for Ghanaian youth seeking stable employment and entrepreneurial ventures.

The post YEA lists 1,452 companies in inaugural BEAP rollout appeared first on The Herald ghana.