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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

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    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Côte d’Ivoire-Ghana Cocoa Initiative clarifies its stance on origin differentials for cocoa beans

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Civil servants above retirement age must retire to create jobs for youth – ASEPA

byEllen Dapaah
September 14, 2021
in News, Top Stories
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To tackle unemployment in Ghana, the Alliance for Social Equity and Public Accountability (ASEPA), is, among other things, asking the government to compel all personnel in civil service above the mandatory retirement age to proceed on compulsory retirement.

A recent report by the Alliance on unemployment shows that close to 40% of persons in the Civil Service now are close to or above the retirement age.

According to the group, this act by government will free up the public sector to create jobs for more youth.

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“Government must free up the public sector by forcing all personnel in the civil service above the retirement age to proceed on compulsory retirement immediately, those who have been given one year or two years contracts must be terminated immediately. This compulsory retirement we believe can free up the entire public service by about 25-30% giving way to employ a significant number of the unemployed graduates,” the report said.

Unemployment in Ghana has been a lingering problem for many decades.

Ghana is currently faced with 12% youth unemployment and more than 50% underemployment, both of which are higher than overall unemployment rates in Sub-Saharan African countries.

Despite major investments by both the government and the private sector, this challenge will intensify if job opportunities remain limited.

ASEPA’s report follows reports of thousands of unemployed youth massing up at last week’s Youth Employment Agency job Fair to secure jobs with companies in the private sector.

The report was to carefully analyse Ghana’s unemployment situation, its causes and what should be done immediately to mitigate its effect on the economy and the citizenry.

Long term recommendations

ASEPA also called for “a deliberate effort by government to get at least 40% of University graduates every year into Agriculture”.

The report stated that out of the over 200,000 young people who enter the labour market every year, less than 5% actually go into agriculture, with only a fraction of this number venturing into agribusiness.

According to the group, “this situation is very worrying and if care is not taken, Ghana would lose a number of its farmers in the next 20-30 years with very little or almost no one to replace them”.

The Alliance further asked government to invest in building credit infrastructure for young people and reduce the lending rates for banks to allow for easier access to credit.

Click here to read the full report.

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