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STATESMAN OPINION: FOCUSING ON JOB CREATION IS THE WAY TO GO

Politics

The first Budget Statement and Economic Policy of the Akufo-Addo-led New Patriotic Party government, christened the Asempa Budget, was mainly focused on achieving macroeconomic stability. This has been largely achieved through a sound and prudent management of the economy by the Economic Management Team, led by Vice President Mahamudu Bawumia.

The first Budget Statement and Economic Policy of the Akufo-Addo-led New Patriotic Party government, christened the Asempa Budget, was mainly focused on achieving macroeconomic stability. This has been largely achieved through a sound and prudent management of the economy by the Economic Management Team, led by Vice President Mahamudu Bawumia.

 

In spite of the noise repeatedly being made by the Minority, to create the picture of doom for the future of the national economy, the good news is that the development at the macroeconomic front rather offers hope into the future, with clear indications that the economy is on tract and moving in the right direction.  

For instance, the rate of inflation this year has been lower than all the four years under the previous Mahama-led National Democratic Congress government. Again, the budget deficit is on target, being the lowest in more than a decade in the country.

Even though this is the current state of affairs at the macroeconomic level, members of the NDC are all over seeking desperately to create the impression on the minds on Ghanaians that the economic situation in the country is now worse than what they left behind. Ghanaians are the best judges.

As President Nana Addo Dankwa Akufo-Addo has already hinted, what is most important to Ghanaians is that after attaining a reasonable macroeconomic stability, the economy should be able to create jobs for the people to also live and earn a decent living.

Like many well-meaning Ghanaians, we at the Daily Statesman are happy that is exactly the focus of the 2018 Budget Statement and Economic Policy of the Akufo-Addo government, expected to be presented by the Finance Minister, Ken Ofori-Atta, today.

We are more than convinced that there are clear indications, through the policy interventions of the government, of a systematic and deliberate effort to create jobs for the people. For instance, with reliable power supply and the commitment by the government to ensure a reduction in power tariffs, some financial burden will be lifted from companies, and enable them to invest for expansion, and job creation.

The stimulus package provided by the government to some distressed companies will also enable the beneficiaries to bound back into full action to create more jobs in the economy.

We believe the ongoing determination to transform the agricultural sector, as well as the expected more tax reliefs, will all create the right conditions for job creation.

With all these development, the populace cannot go with the NDC doomsayers who are seeking to make them believe, rather erroneously, that the future under the Akufo-Addo administration presents more hardships for the nation.

We, however, want to urge the doomsayers to continue their business of predicting doom for the future of the nation, as President Nana Akufo-Addo and his government work on creating jobs for the jobless. At the end of the day, Ghanaians will be the best judges.