Opinion: Effects of public holidays on Ghana's economy

Opinion: Effects of public holidays on Ghana's economy

 This year alone, Ghana will be taking thirteen working days off as public holidays as eight holidays have already been spent. But what remains the effects of these holidays to the productivity of Ghana?

Ghana remains one of the African economies with the most number of public holidays that gets one wondering how dire the spate of these holidays could have on the economic prospects of the country.

Legal practitioner, Ace Ankomah argues that the number of public holidays in Ghana has the greatest potential of affecting the West African economy stating that if nothing is done to curb the situation, Ghana's national development could be impeded.

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There remains one main argument by Ace Ankomah, which is the point that most holidays in Ghana are similar and that could equally be merged to a single holiday to save time and productivity citing the AU Day  and Founders Day well as the Farmers Day and May Day as examples.

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If you did not know, Ghana is documented to lose close to 7 billion cedis worth of work productivity to public holiday and with an economy said to be below the upper middle-income bracket there remain concerns over whether or not the nation should revise its decision on the sheer attention drawn to public holidays.

The president uses the discretion to declare holidays more than the regular holidays defined for him by Parliament.

Source: YEN.com.gh

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