Skip to main content

Barclays to give 1.5 pounds to youth body

By Kofi Ahovi
Barclays Bank Ghana and Junior Achievement of Ghana (JA) have entered into a partnership under which the bank will provide financial support of 1.5 million pounds for a three-year period to JA.

The fund is to enable JA deliver entrepreneurship and work-readiness education to local young people through the “Barclays/JA world wide you can B initiative.”

The fund will support a series of programs, including innovative workshops and the expansion of a worldwide JA company program and JA job shadow, and will reach a projected 8,000 students.

The managing director of Barclays Bank Ghana, Benjamin Dabrah, at the signing ceremony of the partnership, was hopeful that the initiative would lower the unemployment rate in Ghana, especially among the youth.

He added that the bank was privileged to be part of the initiative because it recognizes the youth as both future clients and employees, thus the need to lend support.

The executive director of Junior Achievement of Ghana, Jeff Agbai, noted that the initiative would have a positive and profound impact on students’ ability to succeed in the job market.

The students will learn entrepreneurship and business skills through a five-part program that will help them compete effectively in the new global economy.

The partnership will launch “B-inspired innovation camps” in five schools in a comprehensive capacity building program that assists young potential entrepreneurs to brainstorm and display strategies to implement their ideas to promote national development, and a one-day competition for students by corporate volunteers.

Barclays’ employees will also take part in the program through the “B-experienced,” an on-site career mentoring initiative, in conjunction with the implementation of JA worldwide’s job shadow program. This is where students visit a place of business for a day and get first-hand knowledge about what it takes to be successful in the workforce.

JA is the world’s largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for students which focus on three key contents: work readiness, entrepreneurship and financial literacy.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of