The European Union (EU) has approved a €20m facility to begin a new developmental project called boosting green employment and enterprise opportunities in the country.
The approval falls in line with the framework of the EU Emergency Trust Fund for Africa (EUTF). This was revealed by the Head of the EU Delegation to Ghana, Ambassador Diana Acconcia during a Technical Vocational Education and Training (TVET) event held in Accra recently.
Creation of decent employment stimulated by the private sector and government, with support from its external partners, is expected to improve the living conditions of the people most especially the youth which would in turn translate into reduction of poverty levels.
The provision of this facility is expected to equip people with the needed training skills that are in demand in the labour market or better still support beneficiaries with capacity and incentives to create their own enterprises due to the opportunities that exist in the economy.
According to the International Labour Organisation (ILO), green employment are jobs that contribute to preserving and restoring the environment, or that conserve natural resources be they in traditional sectors such as manufacturing and construction, or in new emerging green sectors such as renewable energy and energy efficiency.
They include jobs that help to protect ecosystems and biodiversity which in turn help to improve energy and raw materials efficiency, limit greenhouse gas emissions, minimize waste and pollution, protect and restore ecosystems and support adaptation to the effects of climate change.
The EU has been supporting Ghana in major key initiative areas. It remains Ghana’s major trading partner, accounting for about 46 percent of the country’s total external economic activities. Inflows of Foreign Direct Investment (FDI) into Ghana has considerably increased in recent times with Ghana among the top five recipients of FDI in Africa.
By Dundas Whigham