The Minister of Finance, Ken Ofori-Atta, has stated that the government’s payroll is full, and that the youth must go into business to help the economy grow.

Ken Ofori-Atta

He explained that the government’s responsibility is to provide an enabling climate for business and to establish micro-stability in the country, noting that 60% of the government’s earnings is utilized to pay 650,000 Ghanaians.

“At this point, the most important thing for you in terms of jobs is the future, and we’ve gone through a period where most people look for work in government or state institutions, but their payrolls are full.”

“I can tell you that because we are spending almost 60% of our earnings on remunerating some 650,000 individuals, and it is not sustainable,” he told the University of Professional Studies-2021 Accra’s graduating class (UPSA).

Entrepreneurship and credit, he believes, are critical components in ensuring young sustainability and providing them with the opportunity to forge their own route to prosperity.


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