Akufo-Addo has officially disclosed the amount of money he receives as his monthly salary for being the President of Ghana.
Speaking to business leaders and entrepreneurs in Accra on Monday, June 25, 2018, President Akufo-Addo, said his net salary is GHS29, 000.
President Akufo-Addo at the meeting revealed that he will personally donate an amount GHS25,000 in addition to a package from the Business Development Ministry, to be given to the youngest shortlisted applicant of the Presidential Pitch startup competition he then added that “…By the way, that is one month's salary. My take-home pay is GHS 29,000”.
The President's Pitch was opened to Ghanaians between the ages of 18 and 35 years, with business ideas that are feasible, innovative, scalable and impactful.
2,000 entries were received in total from various sectors including agro-processing, ICT, engineering, tourism, textile, sanitation, and transportation, among others.
The 20 selected individuals will be given mentors and attached to various businesses and others will also be stationed at incubator hubs and given a working space to develop their ideas.
At the end of the competition, 10 winners will be given support by the government to the tune of GHS 50,000 each.
President Akufo-Addo added that “It is my expectation that the 10 beneficiary companies should help create jobs, and, at least, employ three people each”.
Akufo-Addo continued that, it was the primary agendum of government to create an enabling environment for businesses to thrive as part of efforts to build a strong economy to provide a good standard of living for all citizens.