Gov't to introduce new business incentives to boost job creation

President John Mahama has announced plans to introduce new incentives aimed at supporting businesses and driving job creation across the country.
This initiative forms part of the government’s broader private sector empowerment strategy to tackle unemployment and stimulate economic growth.
Speaking on behalf of the President at the First Sky Group Thanksgiving Service, Chief of Staff Julius Debrah emphasized the administration’s commitment to engaging the private sector to enhance economic development.
“As part of the resetting agenda, we will hold consultations with businesses across various sectors and grant certain concessions to enable them to thrive and create jobs,” he stated.
In a related development, First Sky Group has unveiled plans to construct a 200-megawatt renewable power plant in northern Ghana over the next two years.
The project is expected to complement ongoing energy initiatives aimed at enhancing Ghana’s power supply.
Executive Chairman of First Sky Group, Eric Kutortse, confirmed that the initiative, being developed in collaboration with Bui Power Authority, is 65% complete and is set for completion by the second quarter of 2025.
“The First Sky Group has taken a bold step to secure funding for the construction of a solar PV plant in Yendi.
This project will significantly contribute to Ghana’s energy sector,” Kutortse assured.
First Sky Group is a diversified, wholly Ghanaian-owned conglomerate with subsidiaries spanning hospitality, construction, insurance, banking, commodities trading, and bitumen processing.
The group currently employs over 3,800 workers across the country.
Founded in 2002, the group’s flagship company, First Sky Construction Limited, started with just three employees but has grown to a workforce of over 1,200 permanent staff and 1,700 casual workers.
Other subsidiaries include:
First Sky Commodities Limited First Sky Bitumen Processing Limited Volta Serene Hotel Serene Insurance Company Limited Frerol Rural Bank First Sky Energies LimitedFrerol Rural Bank was established in Kpando, with an additional branch in Ho opened in 2021.
These developments highlight First Sky Group’s commitment to economic transformation and its strategic role in Ghana’s renewable energy, construction, and financial sectors.
Source: Classfmonline.com/Cecil Mensah
Trending News
GITW 2025: Experts call for smarter approach to infrastructure development
10:53EC considers rerun of Ablekuma North Parliamentary election
15:06Gov't suspended Energy Levy to ease economic burden on citizens – Majority Leader
14:56Ghana shouldn’t sleep’ – Henry Osei Akoto as he welcomes 24-Hour Economy
09:582024 Presidential election: Bawumia’s defeat widest in Ghana’s political history – Razak Kojo Opoku
14:48Unionist cautions GRNMA President against politicising labour negotiations
14:45Teachers urged to embrace STEM as tool for uncovering students’ talents
08:50Packaged Water Producers urge gov't to suspend new excise tax on plastic packaging
14:10Suspended Chief Justice a victim of her own actions -GFL boss
14:31Defence Minister urges Parliamentary support for Armed Forces
08:14