Making the revelation during the presentation of the mid-year budget review before Parliament, Finance Minister, Ken Ofori-Atta said the initiative is intended to promote and support the growth of Small and Medium Enterprises (SMEs), new ventures and start-ups.
“Mr. Speaker, our intention of building an entrepreneurial nation is already known. We aim to empower our youth to be at ease and venture into business. The clean-up of the financial sector and the invigoration of the entrepreneurial eco-system is expected to help remove the binding constraints of financing and market linkage for our daring youth. Our focus will remain on establishing a strong value system for entrepreneurship to flourish.”
“Mr. Speaker, recognising that more needs to be done, the government is today announcing a “One Million jobs initiative” to aggressively respond to the needs of the country. This is to promote growth in SMEs, support new ventures, and stimulate innovation and start-ups,” Ofori-Atta revealed.
“We are also feverishly working on a scheme that enables the private sector to train new recruits/entrants at a subsidized rate by Government. The clean-up of the financial sector and the invigoration of the entrepreneurial eco-system is expected to help remove the binding constraints of financing and market linkage for our daring youth. Our focus will remain on establishing a strong value system for entrepreneurship to flourish,” he said.
The finance minister said that the private sector is being positioned to have an all-inclusive approach towards mitigating the youth unemployment menace.
