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Deputy Minister of Finance, Dr Stephen Amoah, has said entrepreneurship should be formally incorporated into the country’s academic curriculum as a compulsory subject in both high school and tertiary education.
He said the country must give necessary consideration to entrepreneurship in the national budget to ensure development of the youth.
Dr Amoah was speaking at the 3rd Annual Financial Economics Seminar held at the Accra International Conference Centre on the theme: “Entrepreneurship as a Functional Element for Economic Growth and Stability in Developing Economies”.
The seminar was hosted by the African Institute of Financial Economics, an organization that brings together experts from academia, industry players and government officials to discuss and analyze the challenges facing developing economies.
Other speakers at this year’s symposium included Professor Atinuke Olusola Adebanji, Head of the Department of Statistical Actuarial Science at the University of Science and Technology (KNUST) and Apostle Samuel Amponsah-Frimpong, President of the International Christian Apostolic Church.
Dr. Amoah stressed the need for entrepreneurship, saying it would create new businesses, generate jobs, increase purchasing power and income, and reduce the national deficit.
At the national level, he believes that entrepreneurship can achieve a healthy balance between macroeconomics and microeconomics, help the fiscal review process, and reduce monopolies, oligopolies and cartels that are not conducive to the stable development of the economy.
He believes that the right way out lies in entrepreneurship, especially for a country like Ghana, which has a wide range of commercially viable raw materials, natural resources and a large labor force with a variety of skilled technical talents in the workforce.
The Head of the Department of Statistical Actuarial Science at the University of Science and Technology (KNUST), Professor Atinuke Olusola Adebanji, said the government must create an enabling environment for young people to tap into their entrepreneurial potential.
Source: thebftonline.com
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