madimage

Connect with us

Hi, what are you looking for?

News

If all 1m job promises’re fulfilled, there’ll be no unemployment- Prof. Bokpin

Akufo-Addo's vision is for production not taxation- W/R Minister

‘If all 1m job promises’re fulfilled, there’ll be no unemployment’- Prof. Bokpin

Professor of Finance and Economist at University of Ghana Business School Godfred Bokpin says the Akufo-Addo-led Administration has always promised one million jobs in all budgets delivered by his Finance Minister Ken Ofori-Atta but have never been fulfilled.

The latest comment by the Finance Professor, follows Finance Minister Ken Ofori-Atta’s promise during the 2021 Mid-Year-Budget-Review that government will create one million jobs for the youth.

In a sharp reaction to the 2021 Mid-Year-Budget-Review monitored by African Editors on Saturday 30 July 2021 in Accra, Prof. Bokpin said “That promise is not new. We’re sitting on a time bomb as far as unemployment is concerned. If you check the various budgets by Akufo-Addo-Bawumia-led government, you’ll see that this government has always promised to create one million Jobs in budgets. Trust me, if all 1m job promises are fulfilled, there will be no unemployment. 1 million jobs creation has always been promised in all budgets read by Finance Minister Ken Ofori-Atta”.

Prof. noted that “We must be intentional in terms of domestically helping private sector to grow”.

“It will be difficult to achieve all targets set by government without adding to already GHC 332.4 billion public debts stock. Once government revenue remains dwarfed there is a problem. Efforts must be made to increase revenue “, he said.

Contributing to the debate, Senior Lecturer at University of Ghana’s Department of Economics Dr. Priscilla Twumasi Baffour says government must be intentional on the number of jobs to be created under specific programmes.

Meanwhile, Former Deputy Finance Minister George Kweku Rickets Hagan says the Finance Minister could not ask for supplementary budget because he has completely lost every access to borrowing including the bond market even if parliament approves it after increasing Ghana’s public debt stock to GHC 332.4billion where IMF is predicting debt distress status”.

According to him, “Parliament doesn’t give out money to Ken Ofori-Atta, we only approve for him to go and look for it and trust me, hasn’t an avenue to borrow in the current situation even if we approve. That’s why he couldn’t ask for approval “.

Source : africaneditors.com

'If all 1m job promises are fulfilled, there'll be no unemployment'- Prof. Bokpin

displaying

There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like

Video

Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...

Video

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.

Health

Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...

News

Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Copyright © 2023, Africaneditors.com Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: