Stable on paper. What about your pocket?
Dr Mahamudu Bawumia and Hon. Kojo Oppong Nkrumah have questioned the state of Ghana's economy. The government remains confident in its recovery from a cost-of-living crisis. It is launching a new economic policy initiative valued at 10 billion US dollars over five years. This amounts to approximately 23 billion GH¢ per year. The article compares macroeconomic data with official statements. It examines the potential of the government's new plan. The focus is on jobs, growth, and unemployment.
Dr Mahamudu Bawumia and Hon.Kojo Oppong Nkrumah have raised critical questions about Ghana’s economy. However, the Government is confident in its recovery from the cost-of-living crisis whilst forging a new economic policy initiative worth US$10bn over five years (about GH¢23bn a year). Ghanaians must understand the context when looking at the macroeconomic indicators. Be well informed about the political equalisation in these conversations and ask the critical questions about the outcome, which, ultimately, is: JOBS, GROWTH, UNEMPLOYMENT. This article does exactly 3 things: Peg the macroeconomic data side by side with the statements made Examine the prospects of the Government’s New baby “New Economy” And most importantly, whether the policies and promised 24hr economy have achieved the intended purpose of reducing the unemployment rate And finally, what the state of unemployment looks like, which was the main issue at hand for which this government was voted into power: a promised 3-shift job system that will create employment and expand economic growth in key sectors.