Business News of Sun, 27 May 20185
Ghana’s growth must be consistent; not ‘zigzag’ – Ishmael Yamson
The Chairman of Ishmael Yamson and Associates, Dr. Ishmael Yamson has charged government to put in fiscal measures that will make the economy grow at a consistent rate of 8 percent per annum to help create the needed jobs.
Dr. Yamson who described government’s intervention in setting up the Nation Builders Corp as a short-term measure called for sustainable ways of creating long-term jobs.
Speaking at a press conference ahead of this year’s Ishmael Yamson and Associates Round Table Conference, Dr. Yamson maintained that government must move away from old policies to create the needed jobs.
He pointed out for example that, most of the job creation policies adopted by government are short-term measures which have been tried in the past.
He argued that some job creation policies, such as the National Entrepreneurship and Innovation Plan (NEIP) have been used in the past but have not created any sustainable job.
“What is government’s real plan for sustainable job creation? Most of them are short term. We cannot solve the unemployment problem until, and unless we create an economy which grows at a robust rate of 8 percent.”
“I have always said Ghana should grow consistently around 8 percent per annum for about 6 years. This will take us out of poverty. Not this zigzag growth. Today 3 percent, tomorrow 4 percent. It will not do it. We need to say consistently, we will grow at say 8 percent for a period. We must do everything possible to achieve it.”
Dr. Ishamel Yamson, who was a former Chairman of Unilever Ghana stated that the issue of job creation for the youth is a critical security matter that can get out of hand if not properly managed.
“Security is very important. All these young people in Ghana searching for jobs must be given an opportunity. They become a threat to the security if the environment is not favorable for them to create their own jobs,” he warned.
Touching on the Ishmael Yamson and Associates Round Table discussion which will be held on Wednesday at the La Palm Hotel in Accra, Dr. Yamson stated that the forum will touch on Human capital, security among other areas.