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My success or failure will hinge on job creation – President

Accra, July 18, GNA –
President Nana Addo Dankwa Akufo-Addo has said that the success or failure of
his administration hinged greatly on the ability of government to create jobs
for the teeming youth of Ghana.

“I do not need to
repeat that the greatest challenge we face is the creation of jobs. Young
people are very anxious about not finding jobs, and their parents are even more
anxious about the future of their children after seeing them through school,”
he said.

President Akufo-Addo
who was speaking at his maiden interaction with the media at the Flagstaff
House in Accra on Tuesday said “I am well aware that the success or otherwise
of my administration will be judged largely on job creation.”

He said though he
inherited an economy in distress, the measures that his administration had put
in place over the last six months would soon stimulate the economy and that the
dividends would be manifest in the number of jobs that would be created as a
result of those interventions.

The event enabled the
President to render to Ghanaians, an account of his stewardship for the past
six months, and to harness support for the initiatives he had espoused to
change the socio-economic fortunes of Ghana.

He addressed issues
ranging from the economy, security, rule of law, good governance, corruption,
illegal mining, education, agriculture and infrastructural development.

President Akufo-Addo
said a number of innovative interim packages had been instituted to help new
entrepreneurs traverse the difficult early stages of setting up businesses, as
well as the allocation of an amount of $100 million dollars as government’s
contribution to support the establishment of the district enterprises,
one-District-one-Factory that would generate many jobs.

Government last week
launched the National Entrepreneurship and Innovations Plan (NEIP) which is an
innovative scheme, under the Business Development Ministry, committing $10
million of public funds which is expected to be leverage into $100 million from
private sources to back the plan, that would help start-up businesses.

The President said an
additional amount of $340 million had been leveraged from local financial
institutions for the programme, with a further $2 billion, arranged a Suppliers
Credit Facility from China to provide equipment, machinery and other facilities
in support of the programme.

“It is now clear that
this programme is destined to succeed,” he said.

GNA

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