The Secretary-General of the Ghana Federation of Labour (GFL), Abraham Koomson, has stated that two years is not enough time for the government to transform Ghana's economy. He urged Ghanaians to allow government policies sufficient time to produce results, emphasizing that economic recovery requires proper planning, consistent implementation, and sustained commitment.
Mr. Koomson likened the implementation of government policies to a football match, explaining that a team cannot be fairly judged before the full 90 minutes of play. He argued that the government must be given adequate time to implement its economic programmes and demonstrate their impact rather than being expected to deliver a complete transformation within two years.
The Finance Minister had outlined policy priorities and made budgetary allocations to various ministries, but the effectiveness of the budget would depend on how well the resources are utilised. Mr. Koomson stressed that ministers must take responsibility for ensuring that allocations translate into tangible development outcomes instead of remaining figures on paper.
Mr. Koomson commended the Finance Minister for a commitment to ensuring that government ministries function effectively, but stressed that proper monitoring, coordination, and implementation would be necessary to achieve the intended results. He acknowledged that Ghana inherited several economic challenges, including the effects of COVID-19, accumulated tax burdens, and years of industrial decline.
On the government's 24-hour economy initiative, Mr. Koomson expressed confidence that the policy could help restore industrial productivity and create employment opportunities, particularly for young people. However, he cautioned that the initiative would require a supportive business environment, with private sector participation essential to expanding production and creating jobs.
Mr. Koomson emphasized that government must remain consistent in its economic policies and address challenges confronting businesses to encourage investment and restore confidence in the country's productive sectors. He expressed optimism that sustained efforts to revive industries and expand economic activities would eventually benefit the younger generation through increased employment and business opportunities.
The government's economic policies and programmes are being closely watched by Ghanaians, who are eager to see tangible results. Mr. Koomson's comments serve as a reminder that economic transformation is a long-term process that requires patience, commitment, and effective implementation.
Key points
- The government has a 24-hour economy initiative aimed at restoring industrial productivity and creating jobs.
- Abraham Koomson says ministers must take responsibility for ensuring budget allocations translate into tangible development outcomes.
- Economic recovery in Ghana requires proper planning, consistent implementation, and sustained commitment.
