Apostle Samuel Amponsah-Frimpong Esq, Chairman of the Christ Apostolic Church International, has underscored the need for government to take steps to empower the youth to develop their entrepreneurial skills in the country.
According to him, this is one of the surest way to develop the country’s economy, adding that this is the reason why the Christian faith has offered a lot to develop the country’s economy and entrepreneurship.
He stressed that when the country empowers the youth to develop their skills, they will eventually contribute to national development for the benefit of all.
He was speaking at the third edition of the annual Financial Economics Seminar at the Accra International Conference Centre under the theme “Entrepreneurship, a functional element for economic growth and stability of developing economies.”
The Deputy Minister of Finance, Dr. Stephen Amoah, also noted that entrepreneurship should be officially included in the country’s academic curricula as a compulsory subject at the senior high school and tertiary levels.
According to him, the state must give entrepreneurship the needed consideration in the national budget to ensure development of the youth.
Dr. Amoah underscored the need for entrepreneurship, saying that it creates new businesses, employments, enhances purchasing power and revenue generation, and reduces national deficit.
At the national level, he maintained that entrepreneurship brings a healthy balance between the macro-economy and micro-economy, as well as reducing monopoly, oligopoly and cartel which are dysfunctional to stable economic performance.
The way to go, he believes, is entrepreneurship, especially for country as Ghana that has a wide range of commercially viable raw materials, natural resources and sizable labour force.
Prof. Atinuke Olusola Adebanji, Head of Department, Statistics Actuarial Science at the University of Science and Technology (KNUST), says government must create enabled environment for the youth to develop their potential as far as entrepreneurship is concerned.
The seminar was organized by Financial Economics Institute Africa – an organization that brings together experts and scholars from academia, industry players and government officials to discuss and analyze the challenges facing developing economies.