After a year widely described as a comeback for the economy, data from the Bank of Ghana suggests the recovery may now be finding its way into the labour market.
In October 2025, advertised vacancies in selected print and online media rose to 3,248, marking a 14 percent year-on-year increase and a month-on-month rise from September. On a month-on-month basis, job postings also rose by 14.7 percent, up from 2,831 vacancies recorded in September.
While the cumulative total of advertised jobs for the first 10 months of the year stood at 30,185, virtually unchanged from 30,218 over the same period in 2024, the recent spike points to growing employer confidence as macroeconomic conditions improve.
While we track the hunt for new talent, the existing private sector workforce is proving its resilience. Total private sector workers’ contributions to the SSNIT Pension Scheme (Tier-1) surged to GH¢527.17 million in September 2025, a 14.5 percent increase over the previous year.
On a cumulative basis, the first three quarters of 2025 saw these contributions grow by 22.3 percent, reaching a staggering GH¢4,561.01 million.
This growth is backed by a steady rise in the number of active contributors, which hit 1,089,332 in September, up 3.7 percent year-on-year. These figures highlight a private sector that is not only growing in contribution value but is also expanding its base of formal employees.
The trend mirrors broader economic signals — falling inflation, a strengthening cedi, and steady economic growth — all of which appear to be easing pressure on businesses and encouraging hiring.
These figures suggest that while unemployment remains elevated, the formal private sector continues to expand both in value and in workforce size.
The key question now is whether this momentum can be sustained into 2026, turning Ghana’s comeback into lasting job creation rather than short-lived optimism.
