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March 2nd , 2024

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ANALYZING JOHN MAHAMA'S 24-HOUR ECONOMY PROPOSAL: A SOLUTION TO GHANA'S PERSISTENT UNEMPLOYMENT CHAL

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Politics

3 months ago

Previous President John Mahama's concept of a 24-hour economy on the off chance that chosen the following leader of Ghana is producing a great deal of intensity in our political spaces. I have stood by listening to him and others from his party give features of the approach and the reasoning behind it.


This is the way I'm contemplating the thought in the midst of the typical hardliner malignity and talk.


The unique situation


In the event that I comprehend the strategy thought accurately, which I do, it is pointed toward addressing a huge test the Ghanaian economy keeps on confronting - work creation.


Ghanaians have a bunch of exceptionally clear issues they anticipate that the public authority should address. From the Afrobarometer overview, joblessness is a main need. Over the multiple times that the review has asked Ghanaians: "As you would like to think, what are the main issues confronting this country that the public authority ought to address?", joblessness has arisen as the main need multiple times (2002, 2005, 2008, 2012, 2017); the executives of the economy two times (2014, 2022); and foundation once (2019).


Allow me to add one more aspect to this. In review cycle eight (2019), respondents were inquired: "In the event that the public authority could expand its spending on projects to assist youngsters, which of the accompanying regions with doing you think ought to be the most noteworthy need for extra venture?" Among the adolescent, six out of ten (59.5%) said "work creation."


There is no question about how fundamentally significant the issue of joblessness is to Ghanaians generally speaking and the young also.


In however significant as joblessness seems to be, Ghanaians have not evaluated government execution well throughout the long term. When inquired: "How well or gravely could you say the ongoing government is dealing with the accompanying issues, or haven't sufficiently heard to say? By and large, have evaluated government execution well. The most elevated government execution rating is 54% (54%) in the overview year 2008. The most minimal is sixteen percent (16%) in review year 2022.


Somewhere in the range of 2008 and 2022, the level of Ghanaians rating government execution well with regards to work creation has declined essentially by 38 rate focuses (- 38%). Over a similar period, the level of Ghanaian youth who rate government execution well on work creation has declined essentially by forty rate focuses (- 40%).


The 24-Hour economy proposition

As a component of our Political race 2024 public talk, up-and-comer John Mahama has offered the 24-hour economy as a strategy answer for joblessness. Eventually, I'm trusting we will see a full strategy record that figures out this thought.


From what I see up until this point, however, a John Mahama government will offer a blend of motivations - less expensive power levies, tax cuts, security, and so forth as an approach to getting the support of private entertainers in this 24-hour economy. Also, where doable, certain administration organizations will offer their types of assistance nonstop. That is the thing I'm getting a handle on as the center of this proposition.


I accept the possibility of a 24-hour economy is one worth difficult.


Given the setting I have given above, we should keep on investigating thoughts that permit us to resolve this most significant issue confronting Ghanaians.


I get the contention that we really do have a few monetary exercises that occur during the evening. I'm certain we can all share instances of some financial action we participated in beyond the customary 8 a.m.- 5 p.m. hours. That isn't in debate. In any case, I accept this proposition goes past restricted evening financial exercises.


Anything we call it - whether it is being presented (curiosity) or extended (as of now exists) isn't the main approach question for me, despite the fact that I can see the reason why politically it is for some. What I have been asking myself is this - considering what we accept is now happening in restricted ways, could we at any point increase? Might we at any point find manners by which these evening financial exercises can turn out to be important for a completely fledged 24-hour Ghanaian economy? Might the public authority at any point offer motivating forces to get it going?

I say OK.


Arrangements


I do so in light of the fact that we should continue to look for answers for tackle sufficiently the joblessness issue which, as I have shown, Ghanaians think about vital yet are disappointed with how it has been taken care of throughout the long term.


In the event that the response to this issue is certainly not a 24-hour economy, then I'm speculating there is an elective arrangement. Might we at any point have a counterproposal? All things considered, is that not what decisions are about? A clash of thoughts and giving the Ghanaian elector strategy choices to look over.


I earnestly trust that as we participate in our standard hardliner chat over the thought, we don't neglect to focus on the way that a) making position is a high need for Ghanaians; and particularly b) regardless of our earnest attempts throughout the long term through a few work creation endeavors, Ghanaians remain commonly disappointed.

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Nyame Kwasi Stephen

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