Prince Kofi Amoabeng, founder of the defunct UT Bank, has urged government to prioritise deliberate support for credible companies — including through grants — as a more effective path to job creation than distributing funds to what he described as “lucky foot soldiers.”
Speaking on Channel One TV’s The Point of View with Bernard Avle, Mr. Amoabeng proposed: “Intentionally support them, even with grants to employ people rather than to give the money to some lucky foot soldiers. If we want sustainable and verifiable employment with conviction, that is where the money should go.”
He criticised successive governments for adopting ineffective approaches to poverty alleviation and employment generation.
According to him, administrations often channel money to individuals, particularly artisans, under various intervention programmes, but these efforts rarely develop into sustainable businesses.
Referencing initiatives such as MASLOC, he argued that such interventions have failed to yield meaningful impact.
Source:Mybrytfmonline.com/
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