Thursday, November 26, 2015

Ghana Hosts Child & Youth Finance summit

By Edmund Mingle

The fourth Child and Youth Finance Regional Meeting for Africa opened in Accra on Tuesday with an objective of mobilizing support to promote the entrepreneurial abilities in young people.

Mrs Sedina Tamakle-Attionu
The meeting, which has brought together a large number of experts in child finance, policy makers, representatives of youth development institutions and youth leaders,aims at defining critical is sues inhibiting the socio-economic empowerment of young people and also identifying innovative practices in addressing youth financial exclusion, unemployment and financial illiteracy.

It is being jointly hosted by the Micro Finance and Small Loans Centre (MASLOC) and Youth Enterprise Support (YES), both under the Office of the President, in collaboration with the the Child and Youth Finance International (CYFI) based in Amsterdam.

It has the theme, “Advancing youth economic empowerment for inclusive growth,” and attracted participants from Cote d’Ivoire, Nigeria, Algeria, Morocco, India, The Netherlands and Australia.

Opening the meeting on behalf of President Mahama, Gender, Children and Social Protection Minister, Nana Oye Lithur, observed the critical role financial inclusion played in promoting youth economic empowerment.

According to her, the failure to ensure that more young people have access to financial support could indirectly perpetuate poverty, and therefore called for
practical strategies to support young entrepreneurs, to grow their businesses and employ others.

Professor Kwesi Botchwey, Chairman of the National Development Planning Commission, who chaired the opening session, was confident that increased investment in youth development could help to address the unemployment menace facing many African governments.,

According to him, there was still opportunity to reverse the trend, adding that the unemployment situation could worsen if African governments fail to address the financial inclusion challenges facing the youth.

Mrs. Sedina Tamakloe Attionu, Chief Executive Officer of MASLOC and Mrs. Helga Boadi, National Coordinator of YES, in their remarks, both assured the youth of the support of their organizations, in their quest to promote financial inclusion for the young people.

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