Fresh graduates of the University of Professional Studies-Accra (UPSA) have been instructed by Finance Minister Ken Ofori-Atta to start their own business.
According to him, the government's payroll is at capacity, making it unsustainable to continue adding to the public sector's workforce.
He went on to say that the government spends almost 60% of its earnings on reimbursing 650,000 people.
Mr. Ken Ofori Atta stated that it is the government's responsibility to build the necessary enabling environment, establish micro-stability, and ensure that residents possess the necessary skills.
“... 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 650,000 people, and that is not sustainable,” he said.
Entrepreneurship, skillset, and credit, according to Ofori Atta, are key ingredients in ensuring youth sustainability and providing them with the opportunity to forge their own route to prosperity.
He went on to say that education is a stepping stone to social mobility, as well as economic and social prosperity, and that it provides beneficiaries with the opportunity to contribute to society.
He went on to say that graduates should appreciate the opportunity to receive four years of postsecondary education and do their best to impact society via mental transformation and rejuvenation.
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