Growth without jobs is growth without hope — Gideon Boako
The Member of Parliament for Tano North and Deputy Ranking Member of Parliament’s Finance Committee, Dr Gideon Boako, has criticised what he describes as an excessive focus on macroeconomic indicators, arguing that economic growth must ultimately translate into jobs, higher incomes and improved living standards.
Deputy Ranking Member of Parliament’s Finance Committee and Member of Parliament for Tano North, Dr Gideon Boako, has criticized the prevailing emphasis on macroeconomic indicators in Ghana's economic policies. He argues that growth should result in job creation, increased incomes, and better living standards. Dr. Boako asserts that a young graduate's value does not lie in reduced inflation or fiscal deficit if there are no job opportunities post-graduation.
Similarly, a farmer's benefits are not limited to higher GDP figures, provided poor road infrastructure hinders the delivery of goods to marketplaces. Traders and businesses assess the economy based on consumer purchasing power, credit accessibility, and operational sustainability, rather than fiscal indicators alone. Contractors awaiting payments and farmers dealing with poor roads also perceive minimal advantages from fiscal surpluses without contributing to actual economic activities.
Dr. Boako emphasizes that Ghana has experienced periods of macroeconomic stability in the past, yet the nation's ongoing economic challenges indicate that stability must be transformed into productive investment, industrialization, employment, and rising incomes. He stresses that macroeconomic stability should not be the ultimate goal, but rather a platform for building prosperity.
Dr. Boako believes that the true measure of the current recovery will be determined by whether factories expand production, agriculture becomes more efficient, exports diversify, infrastructure improves, and young Ghanaians secure meaningful employment. He concludes by emphasizing that this transformation is exactly what Ghanaians are still hoping for.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
