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Government’s payroll is full,venture into entrepreneurship-Ken Ofori to Graduates

Ghana’s Finance Minister Mr Ken Ofori Atta has advised university graduates  to create their own jobs because the government can not  afford to pay them.

The finance minister made this known during the 2021 graduation ceremony of the University of Professional Studies (UPSA), Accra.

According to him, the Government’s payroll is full and has made it unsustainable to be adding employment figures in the public sector, hence the need to be entrepreneur.

 

He stated that” The future for you in regard to jobs is the most important thing for you at this stage, and we have gone through a period when most people look for a Job from government or state institutions, but that payroll is full. I can tell you that because we are spending about 60 percent of our revenue on remunerating some 6590,000 people, and that is not sustainable”

In August 2021,H.E former President Mahama indicated that his party, the National Democratic Congress (NDC) is adequately prepared to enter into a dialogue with the New Patriotic party (NPP) to discuss about job creation opportunities for the teeming Youth in the country.

He explained that the problem of unemployment is not the sole issue for the incumbent but all successive governments and the ones yet to come.For this reason, he stated that, there is a serious need for a high level summit for both NPP and NDC as well as other parties on job creation.

Meanwhile, the deputy minister for employment and labour Relations, Mr Bright Wireko-Brobby in much 2020 , disclosed that the New Patriotic party (NPP) government has created 2.2 million jobs since 2017.

But when the deputy finance minister was making his submission to the debate in Parliament on President Akuffo Addo’s State of Nation’s Address delivered to the floor of Parliament on February 20.He said, the majority of jobs created since 2017 have been in the informal space “85℅ of the workforce is in the informal sector, formal sector accounts for 611,000” he noted

 

Lawrence Odoom

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