Youth Employment a lazy way of creating jobs - Kofi Akpaloo

The Youth Employment Authority (YEA) formerly the Ghana Youth Employment Agency (GYEEDA), has been described as a lazy form of job creation by the presidential candidate of the Independent People's Party (IPP), Mr. Kofi Akpaloo.

The presidential candidate when asked what he makes of the youth employment initiative, said, it is lazy way of creating jobs.

He said, the initiative under the current administration and the erstwhile Kufour administration has failed to solve the unemployment situation in Ghana.

''The Youth Employment is a lazy way of creating jobs and the best way of doing this is to empower the private sector with the necessary resources so they use their ingenuity to create or expand their businesses.

Mr. Akpaloo said the IPP will build over 250 new factories nationwide to create 180, 000 new jobs, and this he noted will cost 8.75 billion dollars.

The party he added, will construct five new state of the art stadium which in turn will create 26, 000 jobs in the sports industry. The stadium he said, will be constructed in the Brong Ahafo region, Volta Region, Upper West, Upper East and Eastern Regions of Ghana.

He said, his government will inject GHC 600 million cedis annually into the sports industry.

The intension he said, is to help create 46, 000 jobs in the sports sector. According to him, the IPP will revive the postal services by creating 28, 000 new jobs in that sector.

He said, we need a proper address system to help the postal services sustainable. An IPP government will create a credit economy by giving every Ghanaian a social security number to serve as defector ID which would be linked with the proper address system.

This he indicated, will stabilize the economy, increase access to loans, and reduce interest rates among other economic benefits.