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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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Consider entrepreneurship, public sector payroll full – Ofori-Atta to youth

byBobbie Osei
October 19, 2021
in Agribusiness, Local Economy, Top Stories
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The Finance Minister Ken Ofori-Atta says government is not looking at employing more public sector workers, as enough resources are already being spent on the over 600,000 persons on government’s payroll.

According to the 2021 budget statement, compensation of employees alone as a line item would amount to about GHC 30.3 billion or about 54 percent of the total tax revenue projected to be collected this year.

Speaking at the 13th Congregation ceremony for the University of Professional Studies Accra (UPSA), Mr. Ofori-Atta stated that government will focus on creating the necessary conducive environment for young graduates and other Ghanaians to thrive as entrepreneurs.

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“We have gone through a period where most people look for government jobs. But I can tell you that government’s payroll is full. We are currently spending some 60% of our revenue on remunerating some 650,000 people and that is not sustainable.”

“The question then really is whether the UPSA has trained you to be entrepreneurs. And your question is where would I get the financing from ? et cetera. But you do in you have the skills set to be able to do what you have to do. Our responsibility as government is to create an enabling environment and ensure that you have access to the relevant skills and financing. So this upcoming budget will focus a lot on the youth,” he added.

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