The Deputy Chief Executive of Development Bank Ghana, Michael Mensah Baah, has indicated that his outfit would invest ¢1.0 billion into the economy by the end of the year.
This, he said, would address the financing gap in the country.
According to Mr Mensah Baah, creating an enabling environment for the youth to set up sustainable ventures is critical and will contribute to economic development.
Speaking at the launch of the Institute of Chartered Accountants Ghana 60th anniversary celebration“, he said addressing the lack of long term financing that drives the kind of investment that would lead to sustainable growth is a gap that must be addressed.
"It is critical that we work to unleash the potential of the youth by creating the right and enabling environment. We are targeting to invest up to a billion cedis into the productive sectors of the economy”, he said.
President of the Institute of Chartered Accountants Ghana, Sena Dake, also urged accountants to do effective budgeting to help their businesses remain resilient.
According to her, this is necessary to aid businesses to attract investments from donors who are looking to invest in sustainable entities.
The Institute of Chartered Accountants Ghana launched its 60th anniversary celebration under the theme ‘Our planet, our health and our wellbeing’.
Members of the Institute were admonished to uphold the standards of the profession to embrace the rapid advances in technology to make their work easier and faster.
Latest Stories
-
Mobile money accounts with commercial banks hit GH¢18.69bn in March 2024
2 seconds -
‘You’re trying to destroy me and RockCity, stop it’ – Bryan Acheampong slams Ablakwa
13 mins -
Hearts, Kotoko to play inaugural Democracy Cup as part of Parliament’s 30th anniversary
26 mins -
Unsatisfactory working conditions compel tanker drivers to declare an indefinite strike
33 mins -
Akufo-Addo swears into office new ministers and deputies
38 mins -
Prepare to pay more for petroleum products at pumps due to cedi depreciation – COPEC
45 mins -
Price agreed for sale of 4 SSNIT hotels fair and sensible – Franklin Cudjoe
1 hour -
Assemblies of God disassociates itself from Apostle James Nartey
1 hour -
Government is not recruiting NPP faithful into security agencies – Interior Minister replies Minority Leader
2 hours -
Fake Ghana Card numbers used in registering 17 persons in Pusiga – EC
2 hours -
UK pursues Ghana High Commission for £5M in unpaid London congestion charges for over 20 years
2 hours -
Fuel price hikes: Use special petroleum levy to cushion consumers – Energy Strategist
2 hours -
I’ll defeat corruption in Ghana when elected – Mahama promises
2 hours -
Beyond the Game: How Heart of Lions are fueling Kpando’s economy
2 hours -
2024 polls: Safeguard our peace; Ghanaians don’t want to become refugees – Duncan-Williams to politicians
3 hours