Borrowing to create jobs is not wrong - Dr Stephen Amoah - News Summed Up

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Borrowing to create jobs is not wrong - Dr Stephen Amoah


Business News of Tuesday, 3 August 2021Source: www.ghanaweb.com• Dr Stephen Amoah says borrowing funds to create 1 million jobs in the country is not wrong• He has, however, been faced with stiff disapproval from the former Deputy Minister of Information• The two argued over the finance minister declaration on the creation of 1 million jobs without a loanA member of the Finance Committee in Parliament, Dr Stephen Amoah has said that he finds no faults with a government’s decision to borrow funds to concentrate on creating jobs. He believes the jobs so created by such initiatives will in the long run create revenue for the government to settle the debt through taxation. So, we shouldn’t create jobs?” he argued during a panel discussion on PM express. He further explained that borrowing to create jobs in the country “is rather good for a long-term goal, create the jobs today, the jobs could expand the industries, you generate revenue to stabilize the economy. You will not create jobs?


Source: GhanaWeb August 03, 2021 13:07 UTC



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