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Expanding Job Opportunities in Ghana (Directions in Development) (Directions in Development: Human Development) - Maddalena Honorati October 24, 2016 PDF  BOOKS
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Expanding Job Opportunities in Ghana (Directions in Development) (Directions in Development: Human Development)
Author: Maddalena Honorati
Year: October 24, 2016
Format: PDF
File size: PDF 15 MB
Language: English

After years of achieving high growth and impressive poverty reduction, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and improving inclusivity. Most of the new jobs created in the past decade have been in low-earning, low-productivity trade services. Furthermore, macroeconomic instability, limited diversification, and growing inequities in Ghana s labor markets make it harder for the economy to create more and, particularly, better jobs. The current fiscal and economic crisis is heightening the need for urgent reforms while limiting maneuverability and increasing the need to carefully prioritize 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 within job-creating sectors, problems with labor mobility, and the need for comprehensive labor market regulation. Ghana needs to diversify its economy through productivity gains in sectors such as agribusiness, transport, construction, energy, and information and communications technology services. Productivity gains are also needed in agriculture in order to increase the earnings potential of the many poor people who still work in that sector. Ghana s youth and women, in particular, need help connecting to jobs through skills development and by gaining access to information about job opportunities. 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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