Audio By Carbonatix
An Economist Dr. Appiah Kubi says various policies to address the challenges of Ghana’s informal sector have failed.
He noted that though a number of policies and programmes can be found in Poverty Reduction Strategy documents, the problems of the informal sector still exist.
Dr. Kubi cited the ongoing decongestion exercise by the metropolitan authorities, improper definition of the informal sector and the lack of a holistic policy to tackle the challenges facing the sector as some reasons why policy initiatives have so far failed.
He said Ghana could draw lessons from Durban in South Africa and cities in India to address concerns facing the informal sector.
Dr. Kubi also suggested that the vision for the informal sector should be included in the planning of cities as well as the national economy.
He said in the post apartheid era, South Africa had problems such as the AMA and other cities face currently, dealing with the management of informal trade.
He said the city of Durban “developed a comprehensive policy to guide the management and support of workers in the informal economy.
“The existence of a policy implementation team; they created a whole department with a planning and policy division. They provided resources to pilot the project, it also provided support services for small traders...”
Dr Appiah Kubi who is the head of the Economic Division of the Institute of Statistical Social and Economist Research ‘ISSER’ was speaking at the Institute’s series of lectures on the economy and the informal sector. The lectures, supported by Merchant bank are a regular forum to discuss issues of interest to the country’s growth.
The informal sector, to many economists, is the heart of Ghana’s economy.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Karaga MP donates 4,000 gallons of fuel to boost livelihoods in New Year outreach
5 minutes -
GIPC CEO engages European Parliament delegation on Ghana’s investment reforms
10 minutes -
BoG rejects market speculation, emphasises data-driven policies
1 hour -
BoG targets consolidation, discipline in 2026 policy direction
1 hour -
GJA-Ashanti commends EPA’s continuous engagement with journalists who were involved in accident
1 hour -
Wenchi needs development, help us – Chiefs to Aseidu Nketia
1 hour -
EPA boss encourages journalists not to relent in their support to fight galamsey
2 hours -
Domestic Gold Purchasing Programme helped Ghana’s economy during difficult period – IMF
2 hours -
Ike City Group of Companies touches hearts at Dzorwulu Special School with compasionate donation
2 hours -
Vehicle exhaust pipes on the left create about 40% more pollution on the road than those on the right – Study
3 hours -
My Response to Dr Bryan Acheampong: Facts must prevail
3 hours -
U.S. and Ghana Armed Forces strengthen medical readiness at SETAF-AF Best Medic Competition
3 hours -
Earlier passage of BoG’s Amendment Bill could have prevented haircuts – Dr. Asiama
4 hours -
Economic stability gains were hard-won through discipline and institutional effort – BoG Governor
4 hours -
GCB Bank rewards customers at first “Pa To Pa” Promo Draw
4 hours
