Just two months after he had begun operating, the Chief Executive Officer of the Youth Enterprise Support (YES) Fund, Mr Kojo Adu-Asare, has been reassigned to the Presidency.
Mr Adu-Asare was appointed on January 6, 2014, eight months before the fund started operating.
He has been replaced by Ms Helga Boadi who, until her appointment, was the Country Manager of Fasyl Technology Ghana Limited.
Although it is not clear why the man mandated to manage the GH¢10 million fund has been removed, it appears his role as chairman of the committee that supervised the country’s poor performance at the Brazil 2014 World Cup tournament in Brazil last June is a plausible explanation.
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The then Minister of Youth and Sports, Mr Elvis Afriyie-Ankrah, was the first person to be removed from office and reassigned to the Presidency after the Black Stars’ poor show at the World Cup, which is being investigated by the Justice Dzamefe Commission.
What is YES?
YES started operating on August 14, 2014, barely 24 hours after the initiative had been launched by President John Dramani Mahama.
The fund, which is targeted at Ghanaian youth aged 18 to 35, is to support them to build on their talents and entrepreneurial skills.
At the launch of the fund, Mr Adu-Asare promised that its managers would be transparent in their activities in order to gain the necessary public confidence.
But nine months after his appointment and only two months into his administration, the former Member of Parliament (MP) for Adenta has been asked to return to the Presidency as a presidential staffer.
Before his removal, a number of individuals, including Mr Franklin Cudjoe, the President of IMANI Ghana, a think tank, had called for his dismissal.
Mr Adu-Asare reacts
Speaking on Asempa FM, the former YES boss said, “It has been a privilege to serve at YES for the past nine months and I'm happy it has achieved this feat under my leadership."
He, however, discredited claims that his removal was as a result of his appearance before the Justice Dzamefe Commission.
Commenting on Mr Adu-Asare’s exit, the Minister of Youth and Sports, Mr Mahama Ayariga, said the former YES chief executive had completed the task assigned him by the President, hence his transfer to the Presidency.
The new YES CEO
The new YES boss, Ms Boadi, is a product of Wesley Girls’ High School in Cape Coast and the Kwame Nkrumah University of Science and Technology, where she had her first degree.
From there, she proceeded to the University of Ghana Business School for her Executive Masters in Business Administration (EMBA).
She is a Public Relations professional who once served as the Head of Public Relations at the then Spacefon (now MTN) and the Head of Corporate Affairs at the First Atlantic Bank.