The informal sector remains dominant in Ghana’s labor market, employing a substantial 75% of the workforce. However, these jobs are often unstable and low-paying, contributing significantly to widespread underemployment.
The 2023 Ghana Human Development Report, published by the United Nations Development Programme (UNDP) in collaboration with the Ghana Statistical Service and NDPC, proposes several interventions to address these challenges.
It highlights the persistently high youth unemployment rate, with 65% of young people aged 15-24 experiencing joblessness, posing a critical obstacle to the nation’s future development.
Addressing these issues is paramount for Ghana’s long-term development goals, necessitating strategic investments in human capital, technology, and digital infrastructure to foster sustainable job creation and inclusive economic growth.
The report, titled “The Future Value of Work in Ghana: Pathways to Sustainable Jobs,” advocates for a holistic approach to align current employment opportunities with the evolving job market. It stresses the need for educational reforms that include STEM/STEAM education and entrepreneurial training, equipping youth with essential skills for future employment.
To effectively implement these recommendations, the report calls for collaborative efforts involving the government, private sector, civil society, and individuals.
As Ghana approaches significant milestones like the Sustainable Development Goals (SDGs) by 2030 and its centenary of independence in 2057, establishing a national consensus on long-term development plans becomes imperative.
This approach aims to ensure that every citizen enjoys the benefits of decent work and improved living standards.