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Mastercard Foundation to bring 3 million employment opportunities to Ghana

September 2, 2019 • Education, People, Top Stories, West Africa

Mastercard Foundation to bring 3 million employment opportunities to Ghana

Young Africa Works is the Mastercard Foundation’s strategy to enable 30 million young Africans, 70 per cent of whom will be young women.

The Mastercard Foundation – founded in 2006 by global financial services company, Mastercard – announced the launch of a new initiative set to begin in Ghana aims to enable three million young people to access ‘dignified and fulfilling’ work by 2030.

Young Africa Works programmes aim to support entrepreneurs, small and medium-sized businesses, and key growth sectors leading to greater productivity, job creation, and work opportunities. The company says that the initiative is aligned with government’s plan ‘An Agenda for Jobs: Creating Prosperity and Equal Opportunity for All’, as well as Ghana’s commitment to position the country as a global entrepreneurship and technology hub.

Young Africa Works in Ghana has seen the likes of the government, the private sector, academic institutions, and young people come together to design the initiative. According to The Mastercard Foundation, there has been an initial investment of $200 million and a five-year commitment to building a network of entrepreneurs and a digitally literate, innovative community of young people.

“We have listened to the aspirations of young people in Ghana and they are creative, resilient, and determined to contribute to the economic and social well-being of their country,” says Reeta Roy, Mastercard Foundation President and CEO. “Young Africa Works builds upon the country’s economic agenda and momentum to drive transformative change that will lead to improved livelihoods and prosperity.”

Young Africa Works in Ghana will focus on three priorities, including:

  • Enabling the growth of women-owned enterprises through business development services, access to finance, and access to markets.
  • Enabling young people to acquire skills that are needed by businesses in growing sectors of the economy and strengthening the quality of education to prepare students for the world of work.
  • Scaling digital training and strengthening technology-focused employment opportunities.

Edited by Jenna Cook

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