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Expanding job opportunities in Ghana

Author: Maddalena Honorati; Sara Johansson de Silva
Publisher: Washington, District of Columbia : World Bank Group, [2016] ©2016
Series: Directions in development (Washington, D.C.)., Human development.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Ghana was, until very recently, a success story in Africa, achieving high and sustained growth and impressive poverty reduction. However, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and making it more inclusive. Most of the new jobs that have been created in the past decade have been in low-earning, low-productivity trade services. Macroeconomic instability, limited  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Honorati, Maddalena.
Expanding job opportunities in Ghana.
Washington, DC : World Bank Group, [2016]
(OCoLC)953843951
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Maddalena Honorati; Sara Johansson de Silva
ISBN: 1464809410 9781464809415 1464809429 9781464809422
OCLC Number: 1097104915
Description: 1 online resource (163 pages) : color illustrations, color map
Series Title: Directions in development (Washington, D.C.)., Human development.
Other Titles: Directions in DevelopmentDirections in Development - Human Development
Directions in Development;Directions in Development - Human Development
Responsibility: Maddalena Honorati and Sara Johansson de Silva.

Abstract:

Ghana was, until very recently, a success story in Africa, achieving high and sustained growth and impressive poverty reduction. However, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and making it more inclusive. Most of the new jobs that have been created in the past decade have been in low-earning, low-productivity trade services. Macroeconomic instability, limited diversification and growing inequities in Ghana's labor markets make it harder for the economy to create more jobs, and particularly, better jobs. Employment needs to expand in both urban areas, which will continue to grow rapidly, and rural areas, where poverty is still concentrated. The current fiscal and economic crisis is heightening the need for urgent reforms but limiting the room for maneuver and increasing pressure for a careful prioritization of policy actions. Going forward, Ghana will need to consider an integrated jobs strategy that addresses barriers to the business climate, deficiencies in skills, lack of competitiveness of job-creating sectors, problems with labor mobility, and the need for comprehensive labor market regulation. Ghana needs to diversify its economy through gains in productivity in sectors like agribusiness, transport, construction, energy, and information and communications technology (ICT) services. Productivity needs to be increased also in agriculture, in order to increase the earnings potential for the many poor who still work there. In particular, Ghana's youth and women need help in connecting to these jobs, through relevant skills development and services that target gaps in information about job opportunities. Even with significant effort, most of Ghana's population will continue to work in jobs characterized by low and fluctuating earnings for the foreseeable future, however, and they will need social safety nets that help them manage vulnerability to income shortfalls. More productive and inclusive jobs will help Ghana move to a second phase of structural transformation and develop into a modern middle-income economy.

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