The government's economic policy and budget for 2018 must result in jobs.

The government's economic policy and budget for 2018 must result in jobs. On Wednesday, the finance minister will present them. The spending plan accompanies a lot of assumptions and furthermore makes restless minutes for people and organizations the same regarding the course of the economy for the following year. It is justifiable for people and organizations to be restless in light of the fact that the financial plan's center will give them suspicion with regards to the reasoning of the government and that will illuminate their decisions and choices as they plan for the following year.

Thankfully, President Nana Addo Dankwa Akufo-Addo has already hinted that the creation of new jobs will be the primary focus of the budget. We anticipate a budget that will bolster a wide range of economic endeavors aimed at fostering a more vibrant private sector capable of expanding employment. Additionally, we are of the firm opinion that a number of the policy initiatives that will be announced ought to be inextricably linked to employment. For a really long time, the work creation factor has been absent in our strategy drives, subsequently making it a result as opposed to a thoroughly examined procedure.

As a business paper, we unequivocally accept that the issue of joblessness can't be hidden where no one will think to look; Additionally, due to its high cost, it should not be treated lightly. Ghana's development has been hampered by unemployment, particularly among graduates. How might we not have a strategy to draw on the gifts of these youthful people who have quite recently left the walls of our tertiary organizations? When the University of Ghana was established in 1948 to provide graduates with a university education, there were no graduate unemployment cases because there were already jobs available for new graduates.

According to official data from the National Council for Tertiary Education, at least 66,500 graduates start looking for work each year. Then again, information from the Government backed retirement and Public Protection Trust (SSNIT) demonstrates that there are just 40,000 new conventional area occupations for the 66,500 alumni produced by the country's tertiary establishments every year. This suggests that, unless they create their own jobs, 40% of recent graduates may find themselves unemployed. Given the number of universities operating in the country at the moment, we believe the numbers may even be higher.

It is extremely regrettable to report that, despite the economy's rising unemployment rate, it is not expanding at a rate that will result in the creation of new jobs. It is vital to express that we are not neglectful of the way that the administration can utilize less number of individuals contrasted with the confidential area, and it is hence that we are upholding that the strategy driven in the financial plan will furnish the confidential area with the essential space to develop and utilize more.

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