According to him, comparing all the past presidents in the Fourth Republic, the current rate is the highest ever the country is experiencing.
John Dramani Mahama, while speaking at the launch of the TEIN APP at the University of Professional Studies, Accra (UPSA) in Accra on Monday, March 21, 2022, noted, “Ghana is currently experiencing the highest level of unemployment recorded in the Fourth Republic, at an estimated 14 percent,” he, however, failed to give the source of his data.
He added, “this [Akufo-Addo] government’s response has been the adoption of short-sighted, populist, ad-hoc and poorly conceived programs that have done more harm than good. Even those enrolled in the knee-jerk NABCo program have found themselves at home after three years and remain unpaid for several months. I hear that even National Service personnel, for the first time, are owed several months’ allowances.”
Mahama further accused the government for the worsening economic conditions in Ghana, saying the governing party has plunged the country into “great economic and social distress”.
“The Akufo-Addo-led government that came to power on the back of mouth-watering promises to make life easier for Ghanaians and ensure rapid development of our country has so badly mismanaged the economy that we have been plunged into the most debilitating economic crisis in about four decades.
“Indeed, we all recollect all those mouth-watering promises, including one by the current president to transform this country within 18 months. This crisis into which he has led us has brought hardship and suffering for our people on a scale that we have never witnessed in the last 30 years of our fourth republic,” he stressed.
Ghana’s unemployment rate hit 13.4 percent in 2021, up from 6 percent in 2010, according to the Ghana Statistical Service (GSS).
Government Statistician, Prof. Samuel Kobina Annim, at the time, said the country needed to remedy growing youth unemployment, given its impact on inflation, interest rates, and economic output.