The Youth Employment Agency
President John Dramani Mahama in accordance with article 70 of the 1992 constitution is engaging with relevant stakeholders to constitute a board to govern operations of the new Youth Employment Agency (YEA).
Once the board is duly constituted, operations of Ghana Youth Employment and Entrepreneurship Development Agency (GYEEDA), now YEA which has been put on hold would resume fully with very vibrant and new and innovative modules to empower young people with employable skills.
Many followers of the process praised the passage into law by parliament the Youth Employment Agency Bill to replace GYEEDA which was plagued with financial indiscipline due to the absence of a legal framework governing its operations.
President John Dramani Mahama`s prompt action in accenting his signature to the bill after it was passed by parliament making it now a full-fledged law has also given a further assurance of government’s commitment to youth employment in the country.
The coming into effect of the new law automatically changes the name Ghana Youth Employment and Entrepreneurship Development Agency (GYEEDA) to now Youth Employment Agency.
The President in 2014 halted some operations of GYEEDA following revelations of very damming financial malfeasance and introduced the YEA Bill before Parliament in order to ensure the existence of a legal regime to guide the functions and operations of the Agency.
The objectives of the Agency among other things are; to coordinate all youth employment and entrepreneurial programs, supervise and facilitate job creation modules.
YEA is expected to engage between 45,000 and 100,000 young people across the country and ensure that all persons engaged under it are not paid below the National minimum wage.
It is also expected to benefit both formal and informal sectors of the economy.
The YEA law guarantees the provision of a formidable governance structure including Regional and District offices, procurement department to ensure value for money.
Sources of Funding operations of the Agency includes 80% of Communications Service tax, 10% of the District Assemblies Common Fund (DACF), 5% of Ghana Education Trust Fund (GET-FUND) and other sources including donations from local and international partners.
Critics of the government argued that the passage of the law is not enough to end the financial maladministration of the initiative emphasizing the need for political will to implement punitive measures against those who take advantage of the system to abuse state resources.
By Christian Kpesese