• About
  • Advertisements
  • Terms of Use
  • Contact
Tuesday, August 4, 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

Clean Energy Chamber convenes EV Working Group to advance import duty reforms
General

Clean Energy Chamber convenes EV Working Group to advance import duty reforms

August 3, 2026
Bank of Ghana calls out 20 unlicensed digital loan apps
Banking & Finance

Bank of Ghana calls out 20 unlicensed digital loan apps

August 3, 2026
EOCO grants Miracles Aboagye GH¢50 million bail
General

Court freezes assets of Miracles Aboagye amid EOCO probe

August 3, 2026
Mahama: Reset agenda is for all of us
Business

Mahama orders GH¢2 reduction in diesel price for one month

August 3, 2026
Motorists face higher fuel costs as August price hikes take effect
Business

Motorists face higher fuel costs as August price hikes take effect

August 3, 2026
ISSER warns spending cuts may undermine Ghana’s long-term growth
Business

ISSER warns spending cuts may undermine Ghana’s long-term growth

August 3, 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 *

  • Rethinking Ghana’s future: Dr. Oppong-Sarfo calls for value system reform

    Rethinking Ghana’s future: Dr. Oppong-Sarfo calls for value system reform

    24 shares
    Share 10 Tweet 6
  • Court freezes assets of Miracles Aboagye amid EOCO probe

    1 shares
    Share 0 Tweet 0
  • Electricity tariffs drop 4.81%, water cut 3.06% for second quarter

    3 shares
    Share 1 Tweet 1
  • Bank of Ghana calls out 20 unlicensed digital loan apps

    1 shares
    Share 0 Tweet 0
  • Motorists face higher fuel costs as August price hikes take effect

    1 shares
    Share 0 Tweet 0

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