[ 2016-10-27 ]

Mahama: I'll create 3m jobs in my second term
President John Dramani Mahama has revealed that
his next government will create three million jobs
to reduce unemployment in the country.

“Together with a new NDC Government, I will
deliver the most ambitious job creation plan for
our country. We will implement the Economic
Transformation and Livelihood Empowerment
Programme (ETLEP), an Initiative that will
generate at least three million direct and
indirect jobs,” the President wrote on his
website.

The President who is on a five-day campaign tour
of the Eastern region also outlined 7 policies
that will be implemented if he wins the December 7
polls.
The policies include:

• We will increase funding to the Youth
Enterprise Support (YES) Initiative from GH¢10
million to GH¢100 million, which means GH¢25
million a year;

• We will create more IT Enabled Service jobs
through the completion of the Ghana – Mauritius
Technology Park Project among others;

• We will strengthen and expand the operations
of the Microfinance and Small Loans Centre
(MASLOC) to create over three hundred thousand
(300,000) jobs;

• We will vigorously pursue the Integrated
Aluminum Industry Project, which is anchored on
the oil and gas industry;

• We will rejuvenate Osagyefo Dr. Kwame
Nkrumah’s era factories such as the Asutuare
Sugar Factory among others;

• The next NDC Government will employ over
300,000 unskilled people in public works, so that
even people with no qualification could get a
chance to contribute to our country’s growth
and

• The next NDC Government will expand the YEA
job creation opportunities from the current
100,000 to 400,000, so that the youth could get
more opportunities to work.

President Mahama added “now, there is a general
consensus among economic scholars around the world
that in urban, developed economies one direct job
generates three to five indirect jobs. Of course,
Ghana is not such an economy yet, but let’s
apply the same ratio here. 1.5 million direct jobs
mean at least six million direct and indirect jobs
if we apply the ratio of 1 to 3 (i.e. one direct
job generating 3 indirect jobs).

“In less developed economies the ratio is even
higher– in some instances it goes as high as 1
to 20 (one direct job generating 20 indirect jobs)
– but I like to keep my feet on the ground. We
are talking about human beings and their destinies
here, and as President I cannot and will not treat
these matters lightly. I prefer to work with very
prudent calculations, 3 million more jobs, instead
of giving people false hopes.

“So my extremely cautious estimate is that in
the next four years our programmes and policies
will generate at least three(3) million direct and
indirect jobs. This is, by all accounts, a huge
leap forward!”

Source - Starrfm

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