Alan Kyerematen warns Ghana’s youthful population could become economic burden without jobs

Former Trade and Industry Minister Alan Kwadwo Kyerematen has warned that Ghana's expanding youthful population could turn into an economic burden if the country fails to create sufficient formal jobs. Mr. Kyerematen emphasized that the young demographic offers a significant opportunity for economic transformation, but only if the economy can accommodate the increasing number of job seekers.

During a discussion at the British Council, he stated, "We have a young, growing population, which can be considered as a potential dividend. It is a definite advantage when you consider our future and consumer patterns. But it is only a dividend if the economy creates enough formal productive jobs." Mr. Kyerematen stressed that if Ghana does not provide adequate employment opportunities, the growing workforce could lead to heightened competition for limited jobs, potentially forcing some young people to migrate abroad.

He argued that Ghana's strategy should not solely concentrate on increasing access to education but must also prioritize creating a large-scale job market. Industrialization, entrepreneurship, and the development of viable businesses are essential to generating the necessary employment opportunities. Kyerematen believes that a strong emphasis on these areas could transform Ghana's demographic structure into an economic asset rather than a liability.

He maintained that the country's capacity to provide productive employment for its young people will be crucial in determining whether the youthful population ultimately boosts economic growth.