• 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 Features

World Bank Warns Ghana of Mounting Jobs Crisis, Urges Productivity-Led Reforms

3 weeks ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
138
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

World Bank Warns Ghana of Mounting Jobs Crisis, Urges Productivity-Led Reforms

The World Bank has cautioned that Ghana risks worsening socioeconomic challenges if urgent measures are not taken to expand productive job opportunities for its growing youth population.

In its 2025 Policy Notes titled “Transforming Ghana in a Generation”, the Bretton Woods institution observed that although public sector jobs remain attractive to job seekers due to wage premiums, the sector can only absorb a limited fraction of the labour force. As a result, most Ghanaians remain trapped in underemployment, largely in agriculture and informal service sector jobs.

The Bank underscored the scale of the challenge, noting that about 500,000 youth enter the labour market annually, with close to seven million expected to join by 2030.

“Despite slower but continued increases in GDP per capita, poverty reduction paused after 2012,” the report stated. Between 2012 and 2016, poverty at the national absolute poverty line dropped only slightly from 24.2% to 23.4%, as growth ceased to be pro-poor. Consumption for the bottom 40% of the population stagnated, with the bottom 10% experiencing a 5% decline.

According to the Bank, the growth elasticity of poverty has weakened significantly, driven by limited job opportunities in high-productivity sectors and a capital-intensive industrialisation model that has curtailed incentives for households to invest in education and skills.

The 2025 National Economic Dialogue has already recognised the urgent need to ‘reset’ the economy, recommending governance and institutional reforms alongside broad macroeconomic, structural, and social policy measures.

RelatedPosts

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

The World Bank stressed that the government must focus on medium-term strategies that deliver early wins to consolidate consensus around reforms. Otherwise, Ghana’s current socioeconomic pressures could threaten social cohesion, especially given its youthful demographic.

“The primary focus should be on generating productive and quality jobs. A comprehensive productivity and job strategy is needed to foster a business-friendly environment and encourage private sector investment, thereby creating quality jobs and unlocking the private sector’s potential and competitiveness. At the same time, the current and future workforce needs adequate skill formation, vital to realising the vision of a 24-hour economy,” the Bank added.

Tags: Urges Productivity-Led ReformsWorld BankWorld Bank Warns Ghana of Mounting Jobs Crisis

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

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Trending

Business

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

October 22, 2025

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC Chair of the Technical Sub-Committee...

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

October 22, 2025

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

October 22, 2025

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

October 22, 2025

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

October 22, 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.