Nicholas Issaka Gbana, a development economist, has emphasized the necessity for the government to boost the economy as soon as possible.
He claimed that this will help absorb and stay up with the growing number of graduates produced by universities.
Mr Gbana gave a presentation on "The Unemployment Crisis: Dimensions and Solutions" at the Eagles Forum's second governance discussion series in Accra on Tuesday.
Mr. Gbana also mentioned the importance of the government pursuing "a strong, inclusive, and sustainable" economic growth plan.
He claimed that doing so would allow the administration to address the country's low and erratic economic growth over the years.
Poor innovation and low structural economic change are examples of problems. A stagnant manufacturing sector should also be considered.
Another way out of the unemployment quagmire, according to the economist, is for the government to "stimulate demand for Ghana-made products."
He also advocated for greater collaboration between the government and civil society organizations to achieve effective program implementation and delivery.
Mr Gbana, on the other hand, cautioned against politicizing development initiatives aimed at reducing youth unemployment.
Statistics
The economist also pushed for the Ghana Statistical Service (GSS) to be given the resources it needs to collect reliable data and publish monthly reports on the country's unemployment rate.
"We need data on unemployment issues." We don't have to wait for the census every ten years or on a regular basis. Every four or five years, the Ghana Living Standards Survey (GLSS) is conducted to determine what is happening in the labor market," he stated.
The Eagles Forum Election 2020 poll, the Centre for Democratic Development (CDD) Ghana post-election survey, and the GLSS 7 of 2017 all referred to unemployment as the most pressing issue on voters' concerns, according to Mr Gbana.
"According to the GSS 2021 Population Housing Census, 33 percent of youth aged 15 to 24 and older were unemployed," he stated.
According to the survey, women made up 54% of the unemployed, while men made up 46%. In his specialty, the development economist has 30 years of expertise.
Mr. Gbana works with Solidaridad, an international development organization, as the Global Lead for Supportive Business Ecosystems.
He has also led the development and implementation of economic growth programs in West Africa that have resulted in the creation of employment, increased productivity and earnings, and improved the quality of work.
Mr. Gbana is also a member of the Eagles Forum's executive committee. The forum is a global organization that brings together progressive Ghanaian professionals to express their social democratic values.
Women's low self-esteem
Grace Twumasi, the Chief Executive Officer of DeZigner Foods and Spices, an agro-processing company, believes that low confidence is one of the key causes for the high female unemployment rate.
She claimed that most job-seeking women dislike applying for jobs they want because they believe they do not meet the qualifications. "Men apply for jobs even if they only have half of what is required, whereas women always want to acquire everything required before applying for jobs," Ms Twumasi observed.
Baba Adongo, the Country Lead for FootPrince Bridge International, an entrepreneurial development NGO, emphasized the importance of precise targeting in policy execution.