Sun, Dec


Business & Economy

Early this week, the President launched the 7-year Coordinated Programme of Economic and Social Development Policies at the Accra International Conference Centre.

Early this week, the President launched the 7-year Coordinated Programme of Economic and Social Development Policies at the Accra International Conference Centre.


Affirming his vision for a resilient economy, he said such an economy would not only create opportunities but inspire people to start businesses, and enhance existing ones as well. The President added that it was the only way to creating more and more jobs, higher incomes and increased economic growth.

The President made the affirmation against a background of poor macro-economic condition, unemployment among the youth, slow growth in the agric sector, pervasive corruption among politicians and public servants, among others, adding that this novel direction had been informed by his own experience and conviction, which were articulated in the last three successive elections.

In the view of the Daily Statesman, the launch could not have come at a more opportune time in the history of the nation when hope had almost been lost and the youthful national population writhes in agony over less and less opportunities in the face of massive layoffs, high tariffs and costs of doing business, resulting in entrepreneurs moving into neighbouring Cote d’Ivoire, Burkina Faso, Togo and Benin.

As far as the youth is concerned, the only hope for jobs can be found in the security services, namely the Armed Forces, the Police, the CEPS, the Immigration Service, Prisons etc. Alternatively, they are compelled to queue at the Public Service Commission for scanty opportunities or struggle for space in the TELCOS and banks, where retired employees and senior staff have better privileges. Every year, they are subjected to recruitment scams that don’t offer them any jobs, after taking un-refundable processing fees from them, running into millions of cedis.

According to the TUC, the over 350,000 leftover graduates per year are left to ‘rot,’ agonizingly scurrying for space on the informal economy, doing just anything, including working underpaid as nursery school attendants just to get by, in hope of a better tomorrow that may never arrive.

The initiative just launched by the President will go a long way to offer our teeming youth more and more opportunities for self-realization, enabling them to take their destinies into their hands, so that they do not have to be caught in the annual ritual of waiting for jobs that may not go round everybody, who has just graduated.

Ghana, like most developing economies, is under pressure to deliver on jobs to meet the aspirations of our youthful population. While government owes it a duty to ensure that jobs are created to meet annual demands, we must understand that it can only do that lawfully by facilitating initiatives such as had just been launched by the President, so that opportunities are enhanced and incomes improved, resulting in economic growth that can increase hope and fulfillment.

The Daily Statesman would therefore encourage our youth to take advantage of the initiative, get on board, in joining the bandwagon of future entrepreneurs ready to lead Ghana into the haven of  industrialization that we all aspire to.

Whether we want to move into agriculture or construction, entrepreneurship or engineering, opportunities abound under the programme into which we may tap, if we are serious about turning our lives round.

The important thing to do now is to seek information, consult, explore and act, while we also urge the relevant authorities to be proactive in supporting prospective applicants with information.

Happily, the country’s economy is seeing what appears to be unprecedented growth. Those put in charge of the management of the affairs of the nation must therefore do what they are expected to do to create the jobs for the jobless youth.

Follow Us