The Head of the Economics Department at the University of Ghana, Prof. William Boateng, has raised concerns about Ghana’s ongoing struggle with unemployment. He stated that the country has been adopting a short-term, “firefighting” approach rather than implementing a comprehensive solution.
Reflecting on past efforts dating back to the structural programs of 1984 aimed at economic revival, Prof. Boateng highlighted a continuous rise in poverty and unemployment rates in Ghana. Despite the launch of various initiatives over the years, such as the Step Programme in the 2000s and more recent programs like the Nation Builders Corps (NABCO), the fundamental issue of unemployment persists.
Acknowledging the pivotal role of the private sector in generating employment opportunities, Prof. Boateng emphasized the need for a conducive business environment in Ghana. He pointed out challenges such as high interest rates, excessive taxes, and infrastructural limitations hindering the growth of the private sector.
To address the root causes of unemployment effectively, the economist called for a holistic and strategic approach. He urged policymakers to tackle issues like high-interest rates, burdensome taxes, and inadequate infrastructure to create a favorable climate for businesses to thrive.
In conclusion, Prof. Boateng’s insights underscore the importance of addressing structural challenges to promote sustainable job creation and economic growth in Ghana. A comprehensive and supportive environment for the private sector is crucial in tackling the longstanding issue of unemployment in the country.
