Home | Goldstreet Business
Sunday, June 26, 2022
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result
Home Business Economy

Strong Economic Growth, Domestic Revenue Mobilisation Being Pursued – Akufo-Addo

January 21, 2022
in Economy, Top Stories
0
Strong Economic Growth, Domestic Revenue Mobilisation Being Pursued – Akufo-Addo
Share on FacebookShare on Twitter

The President of the Republic, Nana Addo Dankwa Akufo-Addo, says the pursuit of strong economic growth and enhanced domestic revenue mobilisation will help the economy rebound faster from the devastating effects of the COVID-19 pandemic. 

Speaking at the investiture of a new Vice Chancellor of the SD Dombo University of Business and Integrated Development Studies, in Wa, on Thursday, 20th January 2022, President Akufo-Addo stated that, despite the difficulties confronting Government, the economy is experiencing a positive but slow growth in 2020. 
 
According to the President, data from the Statistical Service puts the average growth rate of the economy for the first three quarters of 2021 at 5.2%, putting the country on course to exceed our provisional growth outturn of 4.4% for 2021. 
 
“Our growth performance compares very favourably with the IMF growth estimate of 3.7% for sub-Saharan Africa, and 3.6% for ECOWAS countries. We are still on course in our fiscal consolidation agenda. The Ghana Revenue Authority exceeded its 2021 tax revenue target, and we are confident we will achieve, if not surpass, the eighty-billion-cedi (GH¢80 billion) target for this year,” he said. 
 
President Akufo-Addo continued, “This combination of strong growth and domestic revenue mobilisation will enable us to meet our fiscal deficit target for 2022, and reduce the debt-to-GDP ratio, thereby providing fiscal space to continue to implement programmes such as our flagship programmes like the Free SHS policy, the One-District-One-Factory initiative and the Programme for Planting for Food and Jobs, the development of our infrastructure, particularly our roads, and create more jobs for our youth.” 
 
Touching on the creation of jobs for Ghanaian youth, the President told the gathering that the 2022 budget has set aside ten billion cedis (GH¢10 billion), for the next three years, in support of young entrepreneurs to enable them create new businesses and expand existing ones. 
 
“Under the YouStart programme, Government, through the Ghana Enterprises Agency (GEA), which proved its mettle in its efficient supervision of the seven hundred and fifty million (GH҃¢750 million) CAP Business Support Programme to micro, small and medium scale enterprises at the height of the pandemic, and the National Entrepreneurship and Innovation Plan (NEIP), will direct financial and technical support towards young entrepreneurs in the country to develop commercially viable businesses, and create jobs for the youth,” he said. 
 
The YouStart Programme, he added, will be a vehicle for supporting young entrepreneurs to gain access to capital, training, technical skills and mentoring to enable them launch and start their own businesses, and employ other young people. 
 
“Successfully implemented, the YouStart programme will make a significant dent in youth unemployment, and enhance considerably social stability and progress. This University should be at the forefront of critically examining this initiative, and making proposals to enhance its implementation,” the President said. 
 
New VC, Registrar 
Congratulating Professor Philip Duku Osei and Mr. Job Asante on their appointment as Vice Chancellor and Registrar, respectively, of the SD Dombo University of Business and Integrated Development Studies, President Akufo-Addo was confident that, in the two persons, “we have persons capable of laying a strong foundation for the rapid take-off of this University”. 
 
“The Vice Chancellor’s induction into office today is a mark of the trust that the first-ever Governing Council of the University has reposed in him, and I am confident that this trust will not be broken. His wealth of experience, with decades of service, makes him an appropriate person for this all-important assignment. I want to assure him that my government will help ensure that the University fulfils its mandate,” he added. 
 
It was, thus, the President’s that the University will produce graduates, who are moulded to take on the opportunities and possibilities for higher achievement, through creativity, entrepreneurship and innovation, and who will, thereby, help generate prosperity for the masses of Ghanaians. 
 
He concluded by stressing that “You have my support and the support of Government in the pursuit of your progressive agenda for the University, which, Vice Chancellor, you have outlined in your acceptance speech. I wish both of you the very best of luck and God’s guidance in all your endeavours.” 

RELATED POSTS

AfDB prepares $28m post COVID-19 programme for Ghana

India-Ghana friendship centre in the Offing – India High Commissioner

facebookShare on Facebook
TwitterTweet
Source: presidency
Tags: Domestic Revenue MobilisationEconomic Growth
ShareTweetShare

Related Posts

African Development Bank Group unveils US$10bn COVID-19 Response Facility

AfDB prepares $28m post COVID-19 programme for Ghana

June 21, 2022
India-Ghana friendship centre in the Offing – India High Commissioner

India-Ghana friendship centre in the Offing – India High Commissioner

June 21, 2022
Going to IMF will worsen plight of Ghanaians; Home-grown programme is way to go – TUC

Going to IMF will worsen plight of Ghanaians; Home-grown programme is way to go – TUC

June 21, 2022
Prasad Gerapati Appointed Chairman Of Inter Tourism Expo Accra

Prasad Gerapati Appointed Chairman Of Inter Tourism Expo Accra

June 15, 2022
Noise Pollution and why you need to listen to this!

Noise Pollution and why you need to listen to this!

June 13, 2022
Next Post
Intel plans $20 Billion chip manufacturing site in Ohio

Intel plans $20 Billion chip manufacturing site in Ohio

1,000 MoMo transactions per second in Ghana at the moment – Adu Boahen

1,000 MoMo transactions per second in Ghana at the moment – Adu Boahen

Discussion about this post

Archives

<
June 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
 123456
78910111213
14151617181920
21222324252627
28      
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
1234567
891011121314
15161718192021
22232425262728
       
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

African Development Bank Group unveils US$10bn COVID-19 Response Facility

AfDB prepares $28m post COVID-19 programme for Ghana

June 21, 2022
India-Ghana friendship centre in the Offing – India High Commissioner

India-Ghana friendship centre in the Offing – India High Commissioner

June 21, 2022

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.