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
-
GPL 2025/26: Asante Kotoko draw with GoldStars to extend winless run
37 minutes -
Fire guts temporary wooden structures at Afful Nkwanta in the Ashanti Region
2 hours -
Haruna Iddrisu didn’t approve gender identity content – Education Ministry
2 hours -
‘We are not for sale’: Thousands rally in Greenland and Denmark against Trump’s annexation threat
2 hours -
Deputy Education Minister directs GES to act on video of SHS students displaying charms
2 hours -
From camouflage to tracksuits – Guinea’s junta leader becomes civilian president
2 hours -
Iran supreme leader admits thousands killed during recent protests
3 hours -
Judiciary to roll out court decongestion measures, galamsey courts – Chief Justice
4 hours -
Ugandan leader to extend 40-year rule after being declared winner of contested poll
4 hours -
Residents demand action on abandoned Salaga–Kumdi–Kpandai road
4 hours -
Ghana, Japan explore ways to deepen long-standing bilateral ties
5 hours -
Ghana Navy foils illegal fuel bunkering operation along Volta coastline
5 hours -
Gov’t assures minimal power disruption during WAPCo gas pipeline maintenance
5 hours -
Burna Boy and Sporty Group unveil new single “For Everybody” celebrating Africa’s sports heritage and cultural excellence
5 hours -
Achieve By Petra partners Richie Mensah to drive financial independence
5 hours
