Unemployment has indeed been a significant issue, as Dr. Bawumia highlighted, with the rate rising to 14.7% from 8.5% in 2017. This increase marks the highest level recorded in the history of the 4th Republic. Additionally, inflation above 25% and current interest rates ranging between 30% and 50% are concerning economic indicators. It’s essential for the government to address these challenges to improve the economic situation and reduce unemployment.
“The exchange rate, which was previously at 4.00 Ghana Cedis to the US dollar, has crossed the 15 Ghana Cedi threshold, and there appears to be no end in sight to the deterioration of the cedi.
But in an address, Dr Bawumia said “That collapsed economy is performing better than your [John Mahama] economy that you left us.”
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Dr Bawumia said it took the NPP’s intervention to improve the country’s labour force explaining that “we have created more jobs, 2.1 million jobs than any kind in the Fourth Republic. He [Mahama] was creating unemployment with dumsor and everything.”
“We are creating jobs, 1.2 million jobs in the public sector, 975,000 jobs in the private sector. And all of this is data that we have put out for everybody.
“We’ve constructed more roads than any other government in the Fourth Republic, done more railways, done more airports, built more public libraries than any other government in the Fourth Republic…,” he said.
