Ghana is witnessing economic growth that is not translating into significant job creation, a phenomenon described as “jobless growth,” according to Richard Ahiagbah, Director of Communications for the New Patriotic Party (NPP).
Speaking on The Big Issue on Saturday, May 16, Ahiagbah highlighted concerns that, while macroeconomic indicators show improvement, employment opportunities for Ghanaians remain limited.
He pointed out that Ghana continues to operate under the influence of International Monetary Fund (IMF) frameworks, even though the government announced on May 15, 2026, that the country’s three-year Extended Credit Facility (ECF) programme with the IMF had officially concluded.
“IMF-backed programmes are critical for investor confidence as they signal fiscal discipline and consistency in economic management,” Ahiagbah said. He added that countries adhering to such programmes are expected to fully implement agreed reforms within the stipulated period, and Ghana’s current policy direction still reflects those commitments.
“These reviews signal to the market what your discipline is in terms of fiscal management and monetary policy. So we need to first of all ensure that whatever the programme becomes, we operate by it,” he emphasized.
Ahiagbah also stressed that improving productivity is key to ensuring that economic growth translates into sustainable employment. He called for a coordinated national effort to bridge the growing gap between growth and jobs.
Metrotvonline
