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Thursday, October 17, 2024
BusinessUnemployment rate rising faster than the economy - Economist

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Unemployment rate rising faster than the economy – Economist

Dr. Ishmael Yamson, an economist, has lamented how quickly the jobless rate is rising while the local economy is expanding at a more tortoise-like rate.

He called it a major problem and said the government needed to check for and fix the problems.

Dr. Yamson pleaded with political party members to refrain from politicizing economic issues in order for the economy to prosper.

He said, “The unemployment rate is expanding faster than the economy, that is not something you should chuckle about, that is something you should be extremely serious about,” on TV3’s Ghana Tonight broadcast on August 22, 2022.
We should cease playing politics, I argue because of this.

In the meantime, the Presidency stated in a tweet that the government is doing everything in its power to implement the YouStart program and assist the private sector’s growth.

This, the Presidency stated, will increase employment rates in the country which will help boost the local economy.

“Government is determined to support and boost the private sector to increase employment rates in the country through the #YouStart programme, which will result in new businesses championed by the vibrant youth of our country,” the presidency tweeted.

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