Former Minister of Finance Seth Terkper has indicated that the next Mahama administration will take advantage of various infrastructure developments to create jobs for the youth.
According to him, this is pertinent to addressing the unemployment menace in the country.
Speaking on PM Express Business Edition, he explained that investing in infrastructure can stimulate economic growth and unleash job creation across the country.
“I believe strongly the jobs the Terminal 3 created was higher than Terminal 1 and 2 put together. I think if we maintain it and also build other infrastructures strategically, we can create more jobs”.
“When you even look at the E-Block Schools and other projects and the employment created from the top to the last person that is sustainable” he added.
Mr Terkper disagreed with the assertion that the economy has currently bounced back due to the growth rate of 7.2 per cent recorded for the third quarter of 2024.
“The current economy has sunk. We have not paid contractors; inflation is high so how do you expect the economy to bounce back? So, we need to re-engineer the economy. We need to bring back the light for people to continue with their trade in the evenings”.
Providing some insights into the government’s 24-hour economic policy, Mr Terkper said the policy will be rolled out sector by sector.
“The 24-hour economy is sectorial and transformational so what we will do is to tackle it by sector to sector. We will target the inefficiencies and fix them” He stressed.
Despite the encouraging signs, he stated that the country is still vulnerable in some areas, particularly in the agriculture and export-import sectors.
He pointed out that the vulnerabilities are likely to worsen in the first quarter of the following year.
