The Minister of Finance Ken Ofori-Atta has revealed that the government’s payroll is full, therefore, the youth must venture into entrepreneurship to boost the economy.
He said the role of the government is to create the enabling environment and establish micro-stability for business in the country adding that 60% of the government’s revenue is used to pay 650,000 Ghanaians.
“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 renumerating some 650,000 people, and that is not sustainable,” he said at the 2021 graduating class of the University of Professional Studies-Accra (UPSA).
According to him, entrepreneurship, and credit are the important things needed in the mix to ensure sustainability for the youth and offer them an opportunity to create their own path to wealth.