THE Chief of Asokwa in Kumasi, Nana Fe-Baamoah II, is to launch a Youth Endowment Fund this year, in line with his vision to help develop the potentials of the youth in the community.
The launching of the project, which would be known as the Asokwa Youth Endowment Fund (AYEP), will coincide with the fifth anniversary of his enstoolment.
Disclosing this at a party he hosted at Asokwa for children in the area, Nana Fe Baamoah said modalities for the disbursement of the fund was almost completed.
He indicated that he would provide seed money for the fund and other funds would be solicited from companies operating in the area, organisations and individuals.
Asokwa is a major industrial area in Kumasi.
Nana Fe-Baamoah expressed concern about the high rate of unemployment among the youth in his area.
“That is why as a chief I am doing everything to complement the efforts of the government to address this problem,” he said.
The chief said the Asantehene, Otumfuo Osei Tutu II, was doing his best to help change the face of education in Ashanti Region and it behoved all the people to assist him to deliver.
“One of such supports is the AYEP, which Nananom are going to launch this year,” he added.
Nana Fe-Baamoah asked parents to take keen interest in the education of their children because the future of the area and the nation depended on how the children of today were brought up.