Standard Chartered Bank Ghana Limited has organised the maiden edition of the Standard Chartered Budget Forum, held at the University of Ghana in Accra.
The forum is the bank’s way of connecting with its clients, especially, the youth about the country’s economy and the just read 2019 Budget specifically.
The Bank brought the Minister of Information, Kojo Oppong-Nkrumah to the University to walk the students through the 2019 Budget that was presented to Parliament last week by the Minister of Finance and Economic Planning, Ken Ofori-Atta.
Addressing the students present at the post-budget forum, Jojo Bannerman, Head of Financial Markets Sales at Standard Chartered Bank said: “We have been in Ghana for over 120years, supporting the Ghanaian economy, the business and trade activities of Ghanaians. Over the years, we have not only banked the people of Ghana, but we have connected to our clients and stakeholders through various initiatives and the budget forum which is a partnership with the University of Ghana Economic Society, is one of such initiatives.
We believe that as future leaders, you have significant contributions that can positively impact the nation’s budget and discourse, and that is why we have decided to partner with you to engage on the country’s budget. All of us must be interested in the budget because it impacts us in one way or the other,” he added.
As part of his presentation, the Minister, Jojo Oppong-Nkrumah pointed out some priority areas that government will be focusing on next year.
He also highlighted areas that focused more on the youth and how they can take advantage of certain interventions being rolled out by government.
“There are a number of options for the youth. In the priority areas, one of the things I talked about was entrepreneurship– that we want to pump a lot of money into entrepreneurship, and we want to focus more on service delivery.
Young people have the challenges of capital and technical know-how to run a business. I keep telling people that having a business idea is not the same as having the know-how to run the business – they are two different things. So, young people need skills in running a business as much as they need capital for running that business.
Thankfully, under NEIP the various elements come together; a bit of money and a bit of technical support. Part of that money is also going to the Venture Capital Trust Fund, so that young people who need credit, training, and cooperate governance can access it to go about their businesses,” the minister stated.