By Godwill Arthur-Mensah, GNA
Accra, Oct. 19,
GNA – Vice President Dr Mahamudu Bawumia says the Government is on the right
path towards solving graduate unemployment and bringing hope and prosperity to all
He said the
Government took over power at a time when there was dwindling economic
fortunes, with increasing youth unemployment due to poor economic management.
President Akufo-Addo-led Government took the bull by the horn and took bold
interventions, including the creation of the Nation Builders Corps (NaBCo) to
offer employment to about 100,000 unemployed graduates, who would have
naturally joined the Graduate Unemployment Association,” he said.
Bawumia said this at the closing ceremony of the one-year anniversary of the
NABCO in Accra on Friday.
he said, about 350,000 unemployed Ghanaians, including teachers, nurses, police
and other security personnel were recruited into the Public Sector within the
last two-and-half years as a sources of livelihood and to enhance productivity.
More so the
Government had managed to stabilise the macro-economy with the year-on-year
inflation dropping from 15.4 per cent in 2016 to the current figure of 7.6 per
cent, which is the lowest since 1992.
There had also
been positive balance of trade, Gross Domestic Product (GDP) increasing from
3.6 in 2016 to over eight per cent in 2018, while the nation witnessed
exponential increase in foreign reserves all geared towards improving the
Bawumia also enumerated a number of digital technology initiatives including
the paperless ports system, e-business registration, e-procurement processes,
smart driver’s licensing regime, digital property addressing system, mobile
money interoperability payment system, and the ongoing national identification
system to ease business transactions.
flagship industrial and social initiatives, Dr Bawumia mentioned the Planting
for Food and Jobs, Rearing for Exports and Rural Development, One-District,
One-Factory, One-District One Warehouse and the Free Senior High School, which
has benefitted 1.2 million students with about three billion Ghana cedis spent
on the Policy.
President noted that all these were clear testimony that the President
Akufo-Addo-led Government was on course in creating a prosperous nation and
urged all well-meaning Ghanaians to support a worthy cause.
Anyars, the Chief Executive Officer of NaBCo, in brief remarks, said about
11,000 beneficiaries had already secured permanent employment into some of the
implementing partner organisations.
trainees had contributed GH¢500,000.00 in cash
donation to support some deprived communities and organisations in the country,
as their widow’s mite to the society.
anniversary was on the theme: “Investing in the Youth: Securing our Future
through Opportunities for Work and Nation Building”, which involves clean-up
campaigns, donation to deprived communities as well as a conference and career
and Talent Training Academy (NSTA) was unveiled by the President on Thursday,
October 17, to provide career training and requisite skills for the trainees
for the job market, as they prepare to exit the scheme within three years.
is a government programme to address graduate unemployment and focus on solving
public sector challenges in the areas of health, education, agriculture and
technology and drive revenue mobilisation efforts.