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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Ghana Statistical Service (GSS) has revealed that while employment opportunities exist in Ghana, they are insufficient to absorb the rising number of job seekers.
The new report by the GSS, titled National Report on Productivity, Employment, and Growth, indicates that the employment rate, measuring the economy’s labour absorption capacity, declined from 73.9 percent in 2000 to 55.7 percent in 2021.
“This suggests that even though the Ghanaian economy is creating employment opportunities, this is not sufficient to absorb the growing working-age population,” the report stated.
Source: newsthemegh.com