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MoU Signing – DBG/GCYE

Development Bank Ghana (DBG) today signed an MoU with Ghana Chamber of Youth Entrepreneurs (GCYE) to kickstart a partnership which reiterates the bank’s commitment to foster growth in youth-led business.

DBG’s partnership with GCYE aims to build the capacity of the young entrepreneurs in areas that contribute to fostering economic growth in the country. 

The engagement has the aim of training 1000 young entrepreneurs over the course of this partnership. As a start, DBG and GCYE will hold 2 virtual capacity building workshops on October 20th and 21st, 2022. The participants will be drawn from all 16 regions with at least 40 percent of the participants being women. 

The areas to be covered in the training are:

  • Introduction to Websites and Ecommerce
  • Social Media Marketing
  • Digital Financial Management
  • Introduction to ESG

The collaboration presents a business skills development programme, where 1000 Entrepreneurs will be trained to enable them to remain competitive to enhance their business operations. The programme seeks to de-risk these businesses towards accessing long-term capital. Specifically targeting Entrepreneurs in the Agribusiness, Manufacturing and High-value services with consideration for women-led businesses, youth-led businesses and environmental and social management systems.

Commenting on the partnership with the GCYE, Deputy Managing Director for DBG, Michael Baah-Mensah said, “This partnership is also very relevant in the wake of government’s call for more entrepreneurship opportunities for the youth starting with the recently introduced YouStart Initiative. We therefore believe that our partnership with GCYE will inject additional momentum into the effort to grow Ghana’s new generation of private sector players.”

Speaking during the MoU signing, the Chief Executive Officer of GCYE, said, “Through this partnership, we shall train about one thousand young entrepreneurs across the country on financial literacy, digitization, and business management skills. This collaborative mandate would be achieved through digital workshops, seminars, and business clinics. Further, we shall collaborate with the relevant government and state institutions through advocacy to promote to promote policies, programmes, and reforms that promote youth entrepreneurship”

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