How Akufo-Addo plans to tackle youth unemployment

General News of Tuesday, 21 February 2017

Source: Graphic.com.gh

2017-02-21

President Akufo Addo SuitPresident Nana Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has outlined his government’s plans to tackle youth unemployment, which, according to him, has become a time bomb.

In his maiden State of the Nation Address, the President noted that those interventions would create significant job opportunities for Ghanaians across the country.

“We can all see the desperation of our young people who want to work but there are no jobs and some of them are being driven to unacceptable behaviours. To address this challenge the government is embarking on one of the most comprehensive programmes for industrial transformations ever to be introduced in our country,” he said.

Below are the various interventions President Akufo-Addo has outlined to tackle youth unemployment:

Restoration and maintenance of a stable macro-economy

Monitoring of fiscal measures which will lead to reduction in interest rates and reduction in the tax burden of enterprises

Provision of reliable, affordable power to enterprises and homes

Setting up of a stimulus package to support existing Ghanaian industries and improve their competitiveness

Implementation of initiatives through private, public partnerships to establish at least one industrial enterprise in each of the 216 districts in the one district, one factory policy

Development of strategic anchor initiatives as new pillars of growth for the Ghanaian economy including the establishment of petro-chemical industries, iron and steel industry, an integrated aluminium industry , expansion of domestic production of pharmaceuticals, the establishment of a vehicle assembling and automatic industry

The production of industrial salt, the establishment of garment and textile industry and enterprises and the establishment of a multipurpose industrial park in each of the 10 regions

Implementation of a comprehensive programme for SME development

The establishment of an industrial subcontracting exchange to link large scale companies with SMEs

Implementation of an aggressive programme for export development targeting primarily, regional and continental markets

Enhancement of domestic retail market infrastructure and the active promotion of the market and distribution of domestically produced goods

Establishment of a permanent consultative forum for public private sector dialogue

Source: Jataba.com

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