ACCRA, President Nana Addo Dankwa Akufo-Addo of Ghana has stated that the success or failure of his administration will hinge greatly on the ability of his government to create jobs for the country’s teeming youth, most of them currently unemployed.

I do not need to repeat that the greatest challenge we face is the creation of jobs. Young people are very anxious about not finding jobs, and their parents are even more anxious about the future of their children after seeing them through school, he said at his maiden interaction with the media at his Flagstaff House office here Tuesday since taking office in January.

I am well aware that the success or otherwise of my administration will be judged largely on job creation, said President Akufo-Addo.

He was, however, confident that although he inherited an economy in distress, the measures which his administration had put in place over the last six months would soon stimulate the economy and that the dividends would be manifest in the number of jobs which would be created as a result.

The event provided an opportunity for the president to render to Ghanaians an account of his stewardship for the past six months, and to harness support for the initiatives he had espoused to change the socio-economic fortunes of Ghana. He addressed issues ranging from the economy, security, rule of law, good governance and corruption to illegal mining, education, agriculture and infrastructural development.

President Akufo-Addo said a number of innovative interim packages had been instituted to help new entrepreneurs traverse the difficult early stages of setting up businesses, as well as the allocation of an amount of 100 million US dollars as the government’s contribution to support the establishment of district-level enterprises, under the one-District-one-Factory initiative aimed at generating jobs.

The government last week also launched the National Entrepreneurship and Innovations Plan (NEIP) which is an innovative scheme under the Business Development Ministry, committing 10 million USD of public funds which is expected to be leverage into 100 million USD from private sources to back the plan, which would help start-up businesses.

The president said an additional amount of 340 million USD had been leveraged from local financial institutions for the programme, with a further 2.0 billion USD, arranged under a Suppliers Credit Facility from China to provide equipment, machinery and other facilities in support of the programme.

It is now clear that this programme is destined to succeed, the president said.