The University of Business and Integrated Development Studies (UBIDS) has launched its first Economic and Social Policy Dialogue. This event aims to tackle Ghana{\'a}s pressing issue of youth unemployment. The university brought together experts from various fields for a two-day forum.
The goal is to close the gap between academic research and real-world applications. This approach will help create policies based on solid evidence. These policies will then guide national development efforts. The initial focus is on the Upper West Region. UBIDS plans to make this an annual event for the entire country.
This dialogue fits into Ghana{\'a}s larger economic story. The country faces challenges from fast technological changes. Shifting populations and climate issues also impact growth. These factors are crucial for understanding why youth unemployment is high. Ghana{\'a}s economic growth must translate into jobs. Higher internet use, for example, has not automatically created more jobs.
Prof. Issaka Kanton Osumanu, Pro Vice-Chancellor of UBIDS, opened the event. He highlighted the university{\'a}s commitment to preparing students for work. They have established a Center for Career Guidance and Entrepreneurship Development. This center will help students gain the skills needed for the job market. "It serves as a platform for strengthening existing initiatives," he said.
The forum discusses policy pathways for job creation. It also explores digital innovation and social protection. Climate-smart development is another key area. This focus addresses structural economic problems. It aims to foster inclusive and resilient economies for all Ghanaians. The dialogue is supported by the European Union{\'a}s "E for Impact" project and Fidelity Bank Wa branch.
Economists and experts shared critical insights. Professor Joshua Yindenaba Abor warned about economic growth not always benefiting everyone. He suggested empowering small businesses. He also stressed improving digital access and social safety nets. Green industrial policies are important for the environment.
Policy experts discussed structural economic limits. Mr. Puo-Ire Prosper from the Social Investment Fund spoke about protecting vulnerable people. He emphasized the need for inclusive economic policies. Mr. Nicodemus Naamwin-Beter Dery from the National Apprenticeship Programme discussed Ghana{\'a}s {\'a}digital dividend paradox.{\'a} He pointed out that more people use the internet. But this does not always lead to jobs. The government plans to train 500,000 people. This will improve skills and formalize training.
Mr. Eric Z. Banye focused on transitioning to a green economy. This will protect Ghana from climate shocks like floods. He called for better coordination among government departments. Integrated policies are needed. These should include local green finance and investing in people.
The implications of this dialogue are significant. It could lead to new job creation strategies. These might boost the Ghanaian economy. Policymakers will use the action-oriented briefs. These briefs will guide future economic planning. The success of these policies will be measured by job growth. This process will take time and sustained effort from all involved parties.