Ken Ofori Atta, Ghana’s current finance minister, has recommended fresh graduates of the University of Professional Studies-Accra (UPSA) to start their own businesses.
He claims that the government payroll is already overburdened, and that adding additional people to an already overburdened public sector payroll will be unsustainable.
“… 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.
Ofori Atta went on to say that an entrepreneurial attitude is critical for the youth, particularly graduates, to ensure long-term viability since it allows them to build money.
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 by transforming and renewing their minds through business.