Earnings increased at a slower pace than productivity growth – GSS

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Statistical Service’s (GSS) first edition of the “National Report on Productivity, Employment, and Growth” has revealed that average earnings in Ghana increased at a slower pace than productivity growth.

The report also showed that sub-sectors of the economy with the highest earnings growth relative to productivity include utilities, construction, and tourism. “Earnings growth has been slower relative to productivity in the more informal sector, such as household agriculture and trade and repair services,” it said.

The report looked at statistics on labour and total productivity trends from 1991 to 2022.

Source: newsthemegh.com