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Yaw Osafo Marfo: “We Must Think Outside the Box to Fix Ghana”

Mr. Marfo, said public reforms must provide practical solutions to challenges faced by the Ghanaian people

Senior Presidential Advisor, Yaw Osafo Marfo is recommending unconventional thinking to fix many of Ghana’s economic and unemployment problems.

Speaking at a national stakeholder dialogue series on Ghana’s public sector reform strategy, in Cape Coast on Thursday, Mr. Marfo, a one-time senior minister in the first term of President Nana Akufo-Addo’s administration said public reforms must provide practical solutions to challenges faced by the Ghanaian people.

“Successive governments have, over the years, undertaken reforms to improve public sector performance. However, modest reforms in the public sector have not led to improvement in job creation and wealth maximization,” Osafo Marfo is quoted by state publication the Daily Graphic to have said.

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Ghana’s unemployment rate since 2017 has risen from about 3.37% to 3. 56% to the GDP in 2023. In 2024, global rating agency Fitch Solutions forecasts unemployment will increase to about 4.0%, signalling a worrying trend.

Africa has the youngest population, but in Ghana, about 1.5 million of its youth are unemployed according to last year’s data from the Ghana Statistical Service (GSS).

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The trend is worrying, analysts have said, as the continuous rise in the cedi’s depreciation and unfavourable economic conditions leading to the exit of many multinational firms, could lead to an even bigger situation.

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