Tue, 18 Jun 2024 Article

Ghanaian youth: Navigating survival through MTN loans and betting

By Charles McCarthy
Ghanaian youth: Navigating survival through MTN loans and betting

Ghana, often referred to as the Eldorado of Africa, is home to a youth population that is anything but lazy. We are a generation that is studious, industrious, willing, and hardworking. Yet, despite our determination and readiness to do whatever it takes to keep body and soul together, a lack of opportunities has relegated many of us to the precarious lifelines of sports betting and MTN quick loans for survival. This dependency paints a troubling picture of a generation striving to survive, often owing money in advance, with little hope of breaking free from this cycle of financial strain.

In Ghana, the youth are frequently relegated to menial and manual jobs, positions that in other countries are often reserved for immigrants. This reality challenges the long-held belief that education is the key to success. For many young Ghanaians, the pursuit of higher education does not guarantee a stable future. Instead, relocating abroad appears to be a more viable option for those seeking financial stability and growth.

The Gamble for Survival
Sports betting has become a ubiquitous coping mechanism among the youth. The lure of quick cash, however uncertain, offers a glimmer of hope in a landscape where traditional employment opportunities are scarce. Simultaneously, MTN quick loans provide immediate financial relief, albeit with the heavy burden of debt. This cycle of borrowing and betting underscores a broader issue: the lack of sustainable economic opportunities for young people in Ghana.

Education: A Double-Edged Sword
Education in Ghana is increasingly seen as a double-edged sword. While it is promoted as a pathway to success, the reality is far more complex. The current educational system, with its emphasis on junior high and senior high school, fails to equip students with employable skills. For those who manage to pursue higher education, the job market presents another set of challenges. Employers demand a first degree coupled with a minimum of five year’s experience, often with an age limit of 25. This paradox leaves many young graduates in a catch-22 situation: where does one gain experience without first being given an opportunity?

The Desperate Search for Better Opportunities

Faced with limited prospects at home, many young Ghanaians embark on perilous journeys across deserts and seas in search of a better life. The desperation to escape poverty leads them to risk their lives, hoping to find opportunities abroad that remain elusive in their homeland.

Untapped Potential: Natural Resources and Education

Ghana is blessed with abundant natural resources, including fertile land, vast seas (the Blue Economy), and minerals such as gold, diamonds, bauxite, manganese, and lithium. Yet, the country struggles to convert these resources into tangible economic opportunities for its youth. The universities, which should be incubators of innovation and development, often fall short of providing practical solutions for utilizing these resources.

A Call to Action
To truly empower the youth, there needs to be a concerted effort to add value to Ghana's natural resources and create meaningful employment opportunities. This involves a reimagining of the educational system to focus on practical, employable skills and fostering an entrepreneurial spirit. The government and private sector must collaborate to leverage the country's rich resources, ensuring that young Ghanaians can build a stable and prosperous future.

The struggles of the Ghanaian youth are not just individual hardships; they reflect a systemic failure to provide opportunities and support. It's time for a paradigm shift that acknowledges the potential of the youth and invests in their future. By harnessing the country's natural wealth and revamping the educational and employment landscape, Ghana can transform the narrative from one of survival to one of thriving. The youth are not just the future leaders; they are the present, and their potential must be realized today.

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Started: 02-07-2024 | Ends: 31-10-2024