Authorities at the Ministry of Youth and Sports (MoYS) have officially commenced training for 35 market vendors.
The exercise is hosted in Barclayville, Grand Kru County, under the Ministry National Youth Pathway Program: Small-Scale Grant initiative.
The training is to equip beneficiaries with essential business, and financial management skills to strengthen their businesses and improve their livelihoods.
The Barclayville phase of the training commenced on Wednesday, October 21, with additional sessions scheduled for other parts of the county subsequently.
Beneficiaries in Bahwin {City} also participated on Friday, October 23, while the exercise concluded with participants from Buah Geeken, and surrounding communities on Saturday, October 24. Waka A. Chie, an Accounting and Economics lecturer at the Grand Kru Technical College, served as the lead facilitator.
Chie encouraged beneficiaries to take full advantage of the initiative.
He emphasized the importance of the program to improve the living conditions of young people through business development and financial empowerment.
The initiative, Chie said, reflects efforts the Ministry intended to support young people, and create opportunities for economic improvement.
The training agenda, Day One focuses on two major modules to strengthen participants’ understanding of business operations, and financial management.
Module one includes “Know Your Business (Financial Foundation),”
Business Versus Household Mone,
Business Identity (The Five Pillars),
Market Assessment. Module two also included; Financial Literacy and Record-Keeping, and the Power of Record-Keeping. The sessions were to help beneficiaries understand the importance of tracking business income and expenses, maintain accurate financial records, and make informed decisions to support business growth.
The training forms part of the ongoing implementation of the National Youth Pathway Program’s Small-Scale Grant initiative. It targets market vendors and other eligible beneficiaries.
Through the initiative, the Ministry of Youth and Sports seeks to strengthen beneficiaries’ capacity to manage their businesses and make productive use of the opportunities provided under the program.
