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Monday, April 22, 2024

Nearly 80% of Ghana’s youth are unemployed – Barker-Vormawor –

Private legal practitioner, Oliver Barker-Vormawor, has claimed that approximately 80% of the country’s youth find themselves without gainful employment.

Taking to the X platform he wrote “I don’t think you heard me the first time, nearly 80% of Ghana’s youth are unemployed oo,”.
The high unemployment rate, particularly among the youth, is a cause for worry, prompting calls for urgent intervention from both the government and private sector.
Recent data indicates that the lack of employment opportunities has left a significant portion of Ghana’s youth struggling to secure stable jobs.

This concerning trend poses challenges not only to individual livelihoods but also to the overall economic development of the country.

Experts and analysts attribute the surge in youth unemployment to various factors, including economic downturns, inadequate job creation initiatives, and the impact of global events on the local job market.

The country’s average unemployment rate has surged to 14.7 percent in the first three quarters of 2023, marking a concerning rise, according to data from the Annual Household Income and Expenditure Survey Quarter Three Labour Bulletin by the Ghana Statistical Service (GSS).

Specifically, the number of unemployed youth aged 15 to 35 has increased from approximately 1.2 million to over 1.3 million during this period. Notably, the unemployment rate among females consistently surpasses that among males.

The survey reveals that the number of jobless youth experienced a slight decline only in the second quarter of the previous year, emphasizing the persistent challenge of unemployment.

An alarming trend is observed in the significant rise in the unemployment rate among females between the fourth quarter of 2022 and the first quarter of 2023, resulting in a widened gender gap in unemployment compared to 2022.

In the labor force, approximately 440,000 individuals joined between 2023 Q1 and 2023 Q3, with over 60.0 percent finding employment during this period. Notably, consistently more females than males have secured employment, with the difference averaging around 600,000 and 900,000 for the years 2022 and 2023, respectively. These statistics shed light on the complexities of the current employment landscape, urging a closer examination and strategic interventions to address the growing unemployment challenges.

tigpost.co

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