The Deputy Minister of Finance, Dr. Stephen Amoah, has suggested that entrepreneurship should be officially included in the country’s academic curricula as compulsory subject at the Se­nior High School and Tertiary levels.

According to him, the state must give entrepreneurship the needed consideration in the state budget in order to ensure development of the youth.

Dr. Amoah was speaking at the third edition of the annual Financial Economics seminar in Accra under the theme ‘ Entre­preneurship, a functional element for economic growth and stability of developing economies.”

The seminar was organised by Financial Economics Institute Af­rica, an organisation that brings together experts and scholars from academia, industry play­ers and government officials to discuss and analyse the challenges facing developing economies.

Other speakers at this year’s seminar include Profes­sor Atinuke Olusola Adebanji, Head of Department, Statistics Actuarial Science at the Univer­sity of Science and Technology (KNUST) and Apostle Samuel Amponsah-Frimpong, Chairman of the Christ Apostolic Church International.

Dr. Amoah underscored the need for entrepreneurship, saying that, “It creates new business­es, employments, enhances purchasing power and revenue generation, and reduces national deficit.”

“Entrepreneurship a healthy balance between the macro-eco­nomic and micro-economic, helps in the fiscal consideration process and reduces monopoly, oligopoly and cartel which are dysfunctional to stable economic performance,” he stated.

Prof. Atinuke Olusola Ade­banji, Head of Department, Statistics Actuarial Science at the University of Science and Technology (KNUST), said gov­ernment must create an enabling environment for the youth for the development of their potential as far as entrepreneurship was concerned.