The vice president of the Republic of Ghana, Dr. Mahamud Bawumiah, has admonished graduates to consider venturing into entrepreneurship as a means to secure a better future rather than relying on the public sector.
The vice president made these assertions while speaking at the 13th congregation of the University of Mines And Technology (UMaT) in Tarkwa last Saturday, through the Deputy Minister of Education, Rev. John Ntim Fordjour.
The vice president hinted that the doors of the public sector will still be opened to graduates, he, however, advised that venturing into entrepreneurship will be of much gain to the youth. “Not only are you expected to be working in the public sector; you are equally expected to be drivers of the private sector. Some of you should start planning to begin your own businesses with knowledge gained from the training you have received, and possibly employ others,” he said.
He continues by saying, “You should develop such positive traits as hard work, honesty, dedication, trustworthiness and humility.”
The comments of the vice president come a few weeks after the statements made by the finance minister, Ken Ofori Atta. The finance minister while addressing a group of graduands advised them to venture into entrepreneurship, adding that the government payroll is full and so not many people could be adsorbed any longer.
“We have gone through a period where most people look for jobs with the government. That payroll is full because we are spending some 60% of revenue on the remuneration of some 650,000 people, and that is not sustainable” He said.