Question

Identify and explain five economic and labour market measures that can be adopted by the government...

Identify and explain five economic and labour market measures that can be adopted by the government of ghana in the post-COVID19 economic recovery

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Answer #1

Answer:
Five economic and labour market measures that can be adopted by the government of Ghana for economic recovery post COVID-19 are as follows:

  • Investment in sustainable infrastructure : Government should start investing more on sustainable infrastructure projects which not only helps in development of the economy but provide jobs to the public so demand and supply will remain in balance.
  • providing economic stimulus to small and medium scale industries and common public : As most of the small and medium scal industries are mostly affected by this pandemic and lockdown, stimulus package should be relaesed for small and medium scal industries so that they can recover themself and helps in economic development of the country. If they starts collapsing whole economy will get collapse.
  • Focusing on technology : Government should focus on technology and using it to increase productivity, using latest equipments in factories and agriculture which will increase the productivity and GDO of the country.
  • Promoting exports among the industries Ans saving local businesses: Government should promote export of goods and services which are abundant in country by providing them support in the form of subsidy at the same time saving local businesses by adding tarrifs on international goods.
  • Providing employment to the people : To increase the employment of the country various projects should be taken by the givernment, public private partnership projects can also be taken which will help to get economy up and running very easily.

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