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Gideon Boako warns economic growth without jobs creates frustration
via GhanaWeb4 min read
Dr Gideon Boako, the Deputy Ranking Member on Parliament's Finance Committee, stated that Ghana's improving macroeconomic indicators are meaningless if they do not lead to job creation for the youth. Speaking on NewsFile on Saturday, July 25, 2026, Dr Boako emphasized that economic success should be measured by improved lives for ordinary Ghanaians through employment, higher incomes, and greater economic opportunities, not solely by favorable fiscal and macroeconomic statistics. He described a growing economy with unemployed youth as a "factory of frustration." Dr Boako acknowledged the government's focus on declining inflation and stronger macroeconomic indicators but highlighted that many young people still struggle to find decent jobs after completing their education. He warned that economic growth without corresponding job creation could exacerbate inequality and erode public confidence in ongoing economic reforms. Dr Boako stressed that fiscal and economic policies should be evaluated by their ability to stimulate private sector expansion, support entrepreneurship, and create sustainable employment opportunities, not just by headline growth figures. His remarks were made during discussions on the 2026 Mid-Year Budget Review, which assessed the government's fiscal performance and how economic improvements are translating into tangible benefits for Ghanaians.
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