1.34 million Ghanaian young people are out of work or training
By the AFREEQUE newsroom, based on MyJoyOnline
Ghanaian Finance Minister Cassiel Ato Forson estimates that 1.34 million young people are without jobs, education or training. He warns the figure could reach 1.7 million in four years without intervention, and presents the New Economy as the response, according to MyJoyOnline.
Ghanaian Finance Minister Cassiel Ato Forson announced on Thursday that 1.34 million young Ghanaians are neither in employment nor education nor training, a category known by the acronym NEET. He warned that the number could reach about 1.7 million over the next four years without intervention, in an interview given after the presentation of the 2027 budget to Parliament, reports MyJoyOnline.
Cassiel Ato Forson presents the government’s New Economy agenda, a framework aimed at restructuring the economy and directing investment towards eight job-creating sectors, as the response to this situation. The minister believes that the economic stabilisation achieved after two years of austerity measures now makes it possible to address the rising number of young people outside employment, education and training, according to MyJoyOnline.
The minister also said the government had exceeded its primary surplus target for 2025, set at 1.5% of gross domestic product by Parliament, by reaching 2.5%. He believes this performance gives it room to reduce the primary surplus to a lower level in 2027 without harming the economy, reports MyJoyOnline.
