Audio By Carbonatix
The Head of the Economics Department at the University of Ghana, Prof. William Boateng, has highlighted Ghana's persistent struggle with unemployment, asserting that the nation has been employing a 'firefighting' approach rather than a comprehensive solution.
Prof. Boateng, reflecting on historical efforts, pointed out that since the implementation of structural programs in 1984 to revive the economy, Ghana has grappled with rising poverty and unemployment.
Speaking on JoyNews' PM Express on Thursday, he noted a pattern of starting various initiatives, such as the Step Programme in the 2000s, the National Youth Employment Programme, which evolved into GYEDA, and more recently, the Nation Builders Corps (NABCO).
Despite these initiatives, the core issue of unemployment remains unresolved.
"We still have the problem which means we haven’t tackled the problem holistically. We are talking about the private sector as the engine of growth," he said
Emphasising the crucial role of the private sector in addressing unemployment, he noted that it is meant to be the engine of growth and the primary source of employment. However, he expressed concerns about the challenging business environment in Ghana.
"The private sector is supposed to be the main source of employment and countries where they’ve been able to solve unemployment issues were through the Private sector. But currently, Ghana’s business environment is not doing well. There are high interest rates, high taxes, and challenges with electricity and water, so the private sector is not doing very well.”
He called for a more comprehensive and strategic approach to tackle the root causes of unemployment, emphasising the need to create an enabling environment for the private sector to thrive.
The economist urged policymakers to address issues such as high-interest rates, taxes, and infrastructure challenges to facilitate a conducive business climate.
Latest Stories
-
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
8 minutes -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
49 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
1 hour -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
2 hours -
Volleyball emerges as Ghana’s fastest rising sport
2 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
2 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
2 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
4 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
5 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
5 hours -
Why volunteering might be Africa’s most underrated career accelerator
5 hours