• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

World Bank Backs Ghana’s Ambitious Growth and Jobs Strategy to Tackle Youth Unemployment

4 months ago
in Banking & Finance, Business, Economy, Editor's pick, Features, General, highlights, Home, home-news, latest News, Markets, News
2 min read
0 0
0
80
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

World Bank Backs Ghana’s Ambitious Growth and Jobs Strategy to Tackle Youth Unemployment

The World Bank has pledged its support to Ghana in the implementation of a new Growth and Jobs Strategy, a wide-ranging initiative aimed at generating employment opportunities for the over 500,000 young people who enter the country’s labour market each year.

This commitment was made following a high-level dialogue held at the Bank’s headquarters in Washington, D.C., between Anna Bjerde, Managing Director of Operations at the World Bank, and Ghana’s Finance Minister, Dr. Cassiel Ato Forson, on the sidelines of the 2025 IMF-World Bank Spring Meetings.

The strategy, still in its design phase, seeks to stimulate inclusive economic growth through targeted interventions in skills development, entrepreneurship, and job creation. It marks one of the most coordinated efforts in recent years to address Ghana’s youth unemployment crisis, an issue that has long posed both economic and political risks to the country’s development trajectory.

“This initiative reflects our shared priority of unlocking opportunities for young people,” said Bjerde. “We are proud to work with Ghana on a strategy that will create jobs and build a stronger, more resilient economy.”

Ghana’s labour market has seen a surge in unemployed and underemployed youth in recent years, with formal sector job creation lagging significantly behind population growth. According to the Ghana Statistical Service, youth aged 15–35 represent nearly 40% of the unemployed population.

Finance Minister Forson described the World Bank’s involvement as “a major step forward” in efforts to offer sustainable livelihoods to Ghana’s youth. “This partnership will not only focus on job creation but will ensure the quality and sustainability of those jobs,” he noted, adding that the initiative would prioritise support to growth-enabling sectors such as agriculture, manufacturing, and digital services.

RelatedPosts

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

BoG Designates Digital Credit Services as Non-Bank Financial Service

The Bank is expected to provide both financial and technical assistance, including analytics, programme design expertise, and performance monitoring tools. A portion of the funding will likely be channelled through results-based financing to ensure delivery on agreed benchmarks.

Analysts say the success of the programme will depend heavily on policy coherence, private sector participation, and the government’s ability to reform regulatory bottlenecks that often stifle entrepreneurship and job growth.

“The World Bank’s backing gives this strategy significant credibility, but the test will be in its implementation,” said Dr Kwame Asamoah, a labour economist at the University of Ghana. “Youth unemployment is not just about numbers; it’s about creating pathways to meaningful work.”

The Ministry of Finance is expected to unveil a draft framework of the Growth and Jobs Strategy in the second half of 2025, with pilot implementation projected to begin in early 2026.

The initiative comes amid broader discussions between the Government of Ghana and development partners on how to accelerate post-debt restructuring recovery and promote inclusive economic transformation.

Tags: and GhanaAnna BjerdeManaging Director of Operations at the World BankWorld Bank Backs Ghana’s Ambitious Growth and Jobs Strategy to Tackle Youth Unemployment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition

Brussels Airlines Adds 5 More A320neo Aircraft to its Fleet

Bog Governor Hints at $4bn Inflows From COCOBOD Financing Deal to Support Cedi

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia

Trending

Features

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

August 29, 2025

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle Manchester United manager Ruben Amorim has candidly...

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

August 29, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

BoG Designates Digital Credit Services as Non-Bank Financial Service

August 29, 2025

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

August 29, 2025

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.