Financial Analyst Richmond Akpah has identified job creation as the next major focus that could transform Ghana’s economy under the current government’s economic agenda.
Speaking on ABC In The Morning on Monday, July 27, 2026, Mr Akpah said while government’s efforts to stabilise the economy, particularly the cedi and inflation, were important achievements, the next critical step must be creating sustainable employment opportunities for the growing youth population.
“Job creation is the next game changer for this government,” he stated.
According to him, the government first needed to stabilise key macroeconomic indicators before shifting attention to expanding opportunities for young people.
He explained that when the economy was handed over in 2025, the cedi was trading at almost GH¢15 to a dollar, making currency stabilisation one of the immediate priorities.
“When the economy was met in 2025, there are certain things you need to understand, the cedi was trading at almost GHC15.00 to a dollar. First, we need to stabilise the currency, then we need to bring it down and increase the value of the currency. We have done well by increasing the value of the currency to up to a 40% trading to the United States dollar,” Mr Akpah said.
He added that achieving currency stability was a major step because it would help reduce the cost of imports and ease pressure on businesses and consumers.
“That is number one that they had to achieve. When they achieve that, it brings the cost of import down,” he noted.
Mr Akpah stressed that the government must now focus on sectors capable of absorbing the country’s youthful population, particularly agriculture and other productive sectors.
“What sectors do we have in our economy that can absorb the youth? We are an agriculture-prone economy. Till recently, we had mining of gold exceeding that of agriculture, driving our global exports to about 90%,” he said.
He further called for strategic investments to accelerate employment creation, citing government’s allocation towards the oil palm sector as a step in the right direction.
“We need to put all these in place to accelerate job creation. Government has earmarked GH¢500 million for an oil palm development facility,” he added.
Mr Akpah maintained that strengthening productive sectors and creating jobs would be essential to sustaining Ghana’s economic recovery and ensuring that young people benefit from the country’s growth.
