The Minister for Finance, Mr. Ken Ofori-Atta has advised graduates to venture into entrepreneurship because the government payroll, which they all dream of been added to is full.
He made this revelation during the 2021 graduation ceremony of the University of Professional Studies-Accra (UPSA).
According to him, the fact that government’s payroll is full has made it unsustainable to keep adding to employment figures in the public sector, hence the need to create their own jobs.
“The future for you in regard to jobs is the most important thing for you at this stage, and we have gone through a period when 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 stated.
In August 2021, Former President John Dramani Mahama said that his party, the National Democracy Congress (NDC) is prepared to sit around the same table with the governing New Patriotic Party (NPP) to deliberate on job creation for the teeming youth of the country.
He explained that the issue of unemployment is not a problem only for the current government but all governments that have come and the ones yet to come.
For this reason, he said, there is the need for a high level summit for the NDC and the NPP as well as other parties on job creation.
Meanwhile, in March 2020, Deputy Minister for Employment and Labour Relations, Bright Wireko-Brobby has disclosed the New Patriotic Party (NPP) government has created 2.2 million jobs since 2017.
The Deputy Minister was contributing to the debate in parliament on President Akufo–Addo’s state of the nation address delivered to the house on February 20.
He said the majority of jobs created since 2017 have been in the informal space. “85% of the workforce is in the informal sector. Formal space accounts for 611,000,” he noted.