KOFI ANOKYE OWUSU-DARKO (BLOG2)

  INTRODUCTION For many young people in Ghana, finding a decent job that offers both stability and growth is becoming increasingly difficult. Each year, thousands of graduates and school leavers enter the workforce, but the availability of quality jobs remains limited. Rising unemployment and underemployment have left many young people feeling frustrated and uncertain about their futures. To address this challenge, the MAN-UP-C strategy, proposed by the NDC, offers a clear and comprehensive solution. The framework aims to create 1.7 million jobs between 2025 and 2029, averaging 431,737 new jobs annually. Of these, 308,348 jobs will be allocated to new workforce entrants, while an additional 123,389 jobs will help reduce existing unemployment. This effort aims to reduce Ghana's national unemployment rate from 14.7% to 12.05% during this period. More importantly, MAN-UP-C will equip young Ghanaians with the skills, infrastructure, and opportunities needed to thrive in...

  In 2022, the proposed suspension of interest payments for domestic bondholders sparked an outcry within the pensions industry in Ghana. Pensioners, who had relied on the stability and returns of government bonds, were suddenly faced with a bleak financial outlook. The government and, in fact, the President of the Republic of Ghana initially assured the public that private pension funds would be excluded from the debt restructuring. However, developments later showed that these promises were short-lived, with the funds not excluded. Once again, pensioners find themselves caught in another crossfire of fiscal policy, this time involving the USD 13 billion Eurobond restructuring programme , raising renewed concerns about the future stability of private pension funds and the wider pensions industry. Private pension funds are significantly exposed to government securities, with 81% of the total assets under management (AUM), valued at GHS 36.95 billion, invested in Government of Gh...