To create a new database, simply log into the GoDaddy Cpanel and search for MySQL Database Wizard, from here create the database name. After creating a database, you will need to create a user and assign the user to the database. On the same page in the Wizard, create the user. On the same page again, you should be able to choose a database and assign a user to it, assign the user to the database just created and make sure you give the user all privilege to the database.
If the database is not detected by tastyigniter, it should automatically redirect you back to the setup page.
You can also manually add it by going to
system/tastyigniter/config/database.php
and changing the following properties.
$db['default']['username'] = 'user created';
$db['default']['password'] = 'password of user';
$db['default']['database'] = 'dateabase';
$db['default']['dbprefix'] = 'example_';
