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.
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