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IFS hints gov’t on factors crippling Ghana’s economy

IFS hints gov’t on factors crippling Ghana’s economy Featured

The Institute for Fiscal Studies (IFS) a politically independent non-profit think-tank, has pointed out certain negative factors thwarting Ghana’s economic growth.

According to Institute, the combination of all these factors has slowed Ghana’s economic growth for the most part of the last two decades, with serious implications for job creation.

The agriculture sector’s contribution to total output has been falling due to declining productivity.
The manufacturing base of the economy has also been shrinking as many state-owned industries privatized years ago have closed down and many private businesses are suffocating under the weight of numerous obstacles.

IFS made this known in their Policy Brief dated 23rd October 2018, copied to News Ghana. This paper looks at how a strong and broad-based economic growth can be achieved to significantly create jobs in order to reduce unemployment in the country.

Additional Info

  • Origin: Ike Dzokpo/GhAgent