Kojo Oppong Nkrumah Urges The Private Sector To Support Young Entrepreneurs

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Kojo Oppong, Information Minister

Information Minister, Kojo Oppong Nkrumah, has called for private sector to support young entrepreneurs in Ghana.

 Speaking to a journalist on the side-lines of the Ghana Economic Forum on Tuesday October 19, he said both the public and private sectors must scale up support for young entrepreneurs in the country.

“A public service that can, as quickly as possible, on-board as many of our young people who want to support public service delivery but it cannot be a substitute for what the private sector if supported to develop properly, can do for the advancement of the Ghanaian economy.

” It is important that we do a number of things to support the private sector particularly young entrepreneurs to succeed in this space.

“By mainstreaming the conversation about entrepreneurship. We cannot be a country that spends all our time and our best energy focusing on some other conversation and yet we expect entrepreneurship to excel in its rightful place, it must be , for me, the most important conversation that we should be highlighting, promoting this country.

“Number two, state support for entrepreneurship need to be stepped up and I refer to what  Kuffuor administration did, what  Mills administration and Mahama administration did, what the Akufo-Addo  administration is doing,  and make the argument that however we need to, at the minimum,  quadruple our efforts in terms of funding technical support and building an entrepreneurial eco system for young entrepreneurs in this country.

“Three, we are asking  the private sector to  support entrepreneurship, value chain, supply chain  support,  mentoring and technical  support,  these are the things we must make available to private sector  particularly young entrepreneurs.”

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His comments come after Finance Minister Ken Ofori-Atta has revealed that the government’s payroll is full.

Mr. Ofori-Atta revealed that 60 percent of Ghana’s revenue is spent on salaries and remuneration for workers on the government’s payroll.

He described this situation as unsustainable.

He however assured new graduates from the University of Professional Studies, Accra (UPSA) and all Ghanaians youths across the country that the next budget statement of the government will prioritize programmes that will support the youth become their own bosses.

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