• About
  • Advertisements
  • Terms of Use
  • Contact
Thursday, August 13, 2026
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

ILEE calls on gov’t to prioritise youth wealth creation through market liberalisation

by The Sikaman Times
March 17, 2026
ILEE calls on gov’t to prioritise youth wealth creation through market liberalisation
SharePostSendShareSend

The Institute for Liberty and Economic Education (ILEE), a non-partisan, youth-led think tank dedicated to free-market principles and human prosperity, is calling on the Government of Ghana to address the growing youth unemployment crisis through systemic market liberalisation.

In a statement, the Institute bemoaned the recent security service recruitment exercise, which saw more than 500,000 applicants compete for just 5,000 positions across the Police, Immigration, Fire and Prisons services.

The Institute observed that this should serve as a “wake-up call” to authorities, highlighting the scale of youth unemployment in the country.

“While youth in other jurisdictions often require incentives to join security services, in Ghana it has become a fierce competition for survival,” said Eric Coffie, Executive Director of ILEE.

“This is not merely a recruitment drive; it is a clear indicator of a labour market in distress,” Mr Coffie added.

ILEE acknowledged ongoing government efforts under the National Youth Policy (2022–2032), including initiatives by the Youth Employment Agency (YEA), the National Youth Authority (NYA), and the National Entrepreneurship and Innovation Programme (NEIP).

However, it warned that many of these interventions risk becoming counterproductive by focusing on temporary “job placement” rather than sustainable wealth creation.

The Institute drew a distinction between job creation and wealth creation. It said job creation often involves expanding government bureaucracies, increasing the burden on taxpayers and potentially constraining long-term growth. By contrast, wealth creation—driven by the private sector—adds value to the economy, raises living standards, and supports long-term prosperity.

ILEE urged the government to shift its focus towards market liberalisation to move “from desperation to prosperity.”

It proposed deregulating key sectors by removing barriers that limit young entrepreneurs, fostering competition to drive innovation and productivity, and reducing bureaucratic constraints to enable the private sector to become the main source of employment.

“The government must stop trying to be the employer of last resort and instead become the facilitator of first resort,” the statement said.

“True youth empowerment lies in a free market where innovation is rewarded and wealth is created through productivity, not patronage.”

Advertisement Advertisement
Tags: Featured
Share1Tweet1SendShareSend
Previous Post

Africa Nonprofit Summit 2026 to convene sector leaders on May 12 in Accra

Next Post

BoG lowers policy rate to 14% but warns of global uncertainties

Related Posts

Turn stability into growth, jobs – BoG to banks after inflation dip
General

BoG pushes banks to expand SME lending as private sector credit surges 41.2%

August 13, 2026
Ofankor crash: GNFS confirms 11 dead, 13 injured
General

Ofankor crash: GNFS confirms 11 dead, 13 injured

August 13, 2026
Several injured, others feared dead in Ofankor barrier crash
General

Several injured, others feared dead in Ofankor barrier crash

August 13, 2026
International Youth Day: GRNMA Youth Committee calls for jobs, greater role in health policy
General

International Youth Day: GRNMA Youth Committee calls for jobs, greater role in health policy

August 13, 2026
Lands Ministry defends Adamus lease revocation, denies plans to sell assets
General

Lands Ministry defends Adamus lease revocation, denies plans to sell assets

August 12, 2026
CSA fines ORC GH¢240,000 for engaging unlicensed cybersecurity firm
General

CSA fines ORC GH¢240,000 for engaging unlicensed cybersecurity firm

August 12, 2026
Next Post
Bank of Ghana slashes policy rate to 15.5%

BoG lowers policy rate to 14% but warns of global uncertainties

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Producer Price Inflation declines to 23.1% in December 2024.

    Producer Price Inflation declines to 23.1% in December 2024.

    31 shares
    Share 12 Tweet 8
  • Several injured, others feared dead in Ofankor barrier crash

    1 shares
    Share 0 Tweet 0
  • Electricity 9.86%, water 15.92%: PURC announces tariff hike from January

    14 shares
    Share 6 Tweet 4
  • Ofankor crash: GNFS confirms 11 dead, 13 injured

    1 shares
    Share 0 Tweet 0
  • Menzgold: 60% of customers ineligible for payment after validation

    16 shares
    Share 6 Tweet 4

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Tourism & Hospitality
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2022- 2026 The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2022- 2026 The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2026
The Sikaman Times