A staggering 65% of young Ghanaians aged 15-24 are struggling with unemployment, according to the 2023 Ghana Human Development Report (GNHDR).
Despite a decade of strong economic growth, the informal sector remains dominant, accounting for 75% of the workforce. However, this sector often provides unstable and low-income jobs, contributing significantly to widespread underemployment.
The report, released by the United Nations Development Programme (UNDP) in collaboration with the Ghana Statistical Service (GSS) and the National Development Planning Commission (NDPC), highlights the far-reaching implications of unemployment on Ghana’s long-term development goals and human development.
Themed “The Future Value of Work in Ghana: Pathways to Sustainable Jobs,” the report urges investments in human capital and infrastructure to bridge the gap between current opportunities and the future job market.
UNDP Resident Representative in Ghana, Angela Lusigi, emphasized the critical need for these investments.
“For Ghana to achieve its long-term development goals and reduce unemployment, it is crucial to invest in both building human capital as well as enhancing access to technology and digital infrastructure for all.
“This will create a conducive environment for sustainable job creation and economic growth,” she stated.
The report underscores the interconnectedness of work and human development, calling for a reimagining of academic programs to include science, technology, engineering, arts, and mathematics (STEM/STEAM) education and entrepreneurial training, preparing the youth for future job markets.
Director-General of the NDPC, Kodjo Esseim Mensah-Abrampa, noted, “By investing in infrastructure and promoting entrepreneurship, Ghana can harness the potential of its youth and informal sector, driving socio-economic transformation and job creation.”
Government Statistician, Prof. Samuel Kobina Annim, commented, “The findings from the report provide crucial insights into the nexus between work and human development, urging stakeholders to adopt policies that foster inclusive growth and sustainable job creation.”
The report recommends simplifying regulations and providing targeted training to formalize the informal sector, creating more stable job opportunities.
Furthermore, efficient and reliable infrastructure in energy, transport, water, ICT, and housing is fundamental for the future of work.
The GNHDR’s findings and recommendations offer a roadmap for Ghana’s socio-economic transformation.
Its implementation will require the collective effort of all stakeholders, including the government, private sector, civil society, and individuals.
- GRA Customs Division seizes 53 pistols, 74 magazines, and 65 rounds of live ammunition - 21 November 2024
- New BoG Head Office can accommodate 2,500 Staff - 21 November 2024
- Thursday November 21 2024 Newspaper Headlines - 21 November 2024