President John Mahama has conceded that the Ghana Youth Employment and Entrepreneurial Development Agency (GYEEDA) programme has run into problems because of “poor management”.

In what appears to be his first statement on the programme after an investigative committee completed its work on alleged financial malfeasance at GYEEDA, Mr. Mahama told Journalists at the Flagstaff House on Monday that the programme will be remodeled soon.

“GYEEDA has run into some problems because of poor management and coordination”, the President conceded.

He, however, noted that the government will overhaul the programme to make it functional again.

“…The government is working on that,” he assured.

According to him, “We are going to restructure GYEEDA and let it achieve the objective for which it actually was set up”.

A cloud of corruption has been swirling around GYEEDA for a few months now.

There have been several media revelations which have indicted some of the service providers under the programme.

Mr. Mahama, who was addressing the youth at the Flagstaff House on Monday to mark international youth day said government will not gloss over the details of the GYEEDA report.