July 18, 2017
President Akufo-Addo says the biggest challenge his government seeks to address is job creation.
“The greatest challenge we face is the creation of jobs,” he said.
According to him, the government is adopting various measures including the National Entrepreneurship and Innovations Plan to tackle the high level of unemployment in the country.
Answering questions from journalists at a media encounter at the Flagstaff House to account for his first six months in office, he said:
The National Entrepreneurship and Innovations Plan which was launched last week with a seed amount of GH₵10 million is to help start-ups and entrepreneurs to establish themselves in business.
Outlining other plans to create jobs, Nana Addo mentioned his government’s much-touted Planting for Food and Jobs program saying that agriculture is one of the major sectors his government targets to create jobs.
President Akufo-Addo said he also expects the reduction in economic indices like inflation to soon translate into economic gains for all Ghanaians including businesses.
He said the Bank of Ghana’s reduction in the Monetary Policy Rate, Treasury Bill rate and other economic indices has set the economy on the path of recovery.
The Monetary Policy Rate of the Bank of Ghana has been cut from 25.5 percent to 22.5 percent, while T-Bill rate has gone down from 22.8 percent to 11.9 percent, said to be the lowest in five years.
Inflation has also reduced from 15.4 percent to 12.1 percent.
By ADR Daily Newsdesk
