• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, January 18, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana’s GDP Soars, But Youth Joblessness Persists— Gov’t Statistician Warns of “Dignity Gap”

M.Cby M.C
July 20, 2025
Reading Time: 3 mins read
Ghana’s GDP Soars, But Youth Joblessness Persists— Gov’t Statistician Warns of “Dignity Gap”

Despite notable economic gains in recent years, Ghana’s Government Statistician, Dr. Alhassan Iddrisu, has issued a sobering warning: the country’s rising Gross Domestic Product (GDP) masks a deeper, more persistent challenge—high unemployment, especially among the youth.

Speaking at the High-Level Political Forum on Sustainable Development in New York, Dr. Iddrisu underscored the paradox of growth without jobs, describing it as a “dignity gap” that threatens the very essence of Sustainable Development Goal 8 (SDG 8): decent work and economic growth.

Dr. Iddrisu began by acknowledging Ghana’s commendable macroeconomic performance. In 2024, the country posted a 5.7% GDP growth rate—significantly higher than the Sub-Saharan African average. Furthermore, inflation has been brought under control, dropping from a record 54% in 2022 to 13.7% by June 2025. These achievements, he said, reflect the resilience of Ghana’s economy in the face of global shocks.

RelatedPosts

“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares

 IMF Gives Ghana a Surprise Thumbs-Up as 2025 Economic Performance Beats Forecasts

IMF Justifies $214M DGPP Losses, Warns Against Holding Losses on BoG Balance Sheet

But the celebration, he cautioned, must be tempered by realism. “Macroeconomic gains are not enough,” Dr. Iddrisu stated. “Unemployment remains high at 14.7%, and youth joblessness exceeds 25%.” The statistician warned that a fixation on headline economic figures risks overlooking the human realities beneath the surface.

The Dignity Deficit: Youth and Informal Sector at the Margins

A critical part of the problem, according to Dr. Iddrisu, is the structural imbalance in Ghana’s labour market. Over 70% of the labour force, he noted, remains trapped in the informal sector—where job security, benefits, and career advancement are virtually non-existent. Women and young people constitute the majority of this informal economy, placing them at a disadvantage in terms of economic mobility and social protection.

“This is not just a jobs gap. It is a dignity gap,” he said. Dr. Iddrisu emphasized that decent work is about more than employment—it is about respect, fairness, and opportunity.

ADVERTISEMENT

To address these challenges, Ghana has embarked on a comprehensive “Reset Agenda,” designed to stimulate employment, enhance skills, and protect vulnerable populations. Key initiatives under this agenda include: The 24-Hour Economy Initiative, which aims to expand economic activity beyond traditional working hours; A US$10 billion “Big Push” infrastructure programme, set to create jobs and modernize public infrastructure; The 1.0 Million Coders Initiative, a bold effort to equip one million young people with digital and coding skills for the future of work.

The government is also embedding employment creation targets into macroeconomic frameworks, including monetary policy, and formalizing previously neglected sectors such as artisanal mining to create safer, regulated job environments.

Data as Compass: The Role of Evidence-Based Policy

However, Dr. Iddrisu stressed that these efforts will only succeed if backed by robust, real-time data. Since 2022, Ghana has started producing quarterly labour statistics—an essential shift from relying on outdated, infrequent surveys. In 2025, the Ghana Statistical Service (GSS) is expected to roll out a national skills mismatch survey to align vocational and technical training with actual labour market demands.

“Our compass for this transformation is data,” he said. “If we are serious about SDG 8, data must be treated as core infrastructure—essential to recovery, not incidental to it.”

With just five years left to reach the 2030 Sustainable Development Goals, Dr. Iddrisu issued a passionate appeal to global leaders: “Let us act, not just commit, in these final five years. The future of work, and the dignity of workers, depend on this action.”

His message resonated strongly with participants at the UN forum, highlighting Ghana’s role as both a cautionary tale and a source of innovation in the global push for inclusive economic growth.

Meanwhile, Ghana’s experience reflects a wider global challenge—how to translate economic growth into equitable, decent work opportunities for all. While the nation’s GDP trajectory offers reason for optimism, its high youth unemployment rates call for urgent, data-driven policy interventions.

READ ALSO: Prof. Asare Blasts National Cathedral Spending After Deloitte Audit

Tags: DataDr. Alhassan IddrisuGDPSDG 8Youth Joblessness
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Ghana’s Mining Sector Injected $5.5 Billion into Economy in 2024

Next Post

Mahama Pledges Massive Infrastructure Boost for Eastern Region

Related Posts

“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares
Economy

“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares

January 16, 2026
IMF Gives Ghana a Surprise Thumbs-Up as 2025 Economic Performance Beats Forecasts
Economy

 IMF Gives Ghana a Surprise Thumbs-Up as 2025 Economic Performance Beats Forecasts

January 16, 2026
Julie Kozack, IMF Director of Communications
Economy

IMF Justifies $214M DGPP Losses, Warns Against Holding Losses on BoG Balance Sheet

January 16, 2026
Mahama Assembles High-Powered Economic Brain Trust to Reset Ghana’s Economy
Economy

Mahama Assembles High-Powered Economic Brain Trust to Reset Ghana’s Economy

January 15, 2026
Ghana’s Economy Faces External Headwinds as World Bank Flags Downside Risks to Global Growth in 2026
Economy

Ghana’s Economy Faces External Headwinds as World Bank Flags Downside Risks to Global Growth in 2026

January 15, 2026
Economic Momentum Builds as Ghana’s Growth Rises to 3.8% in October, GSS Reports
Economy

Ghana’s Economy Shows Steady Recovery with 3.8% Expansion in October, GSS Reports

January 14, 2026
Hon. Kofi Arko Nokoe
Uncategorized

Arko Nokoe Kicks Against VALCO Privatization, Urges for Reforms for Sustainable Benefits

by Bless Banir YarayeJanuary 18, 2026
Extractives/Energy

WAPCo Schedules Gas Pipeline Safety Tests Starting Today

by Prince AgyapongJanuary 18, 2026
Vice President Professor Jane Naana Opoku-Agyemang and Chief Justice, His Lordship Justice Baffoe Bonnie
General News

Vice President Backs Judiciary Reforms to Improve Access to Justice

by Evans Junior OwuJanuary 17, 2026
Arthur Kennedy, Former NPP Flagbearer Aspirant
General News

Arthur Kennedy Demands End to NPP Hypocrisy Amid Frimpong-Boateng’s Expulsion Plot

by Silas Kafui AssemJanuary 17, 2026
GSE Delivers Historic Returns as Composite Index Soars 79.4% in One of Its Best Years Ever
Securities/Markets

Heavy Volume, Limited Winners as GSE Ends Week with Strong Liquidity but Narrow Gains

by M.CJanuary 17, 2026
USA

FAA Warns Of Hazardous Situation In Eastern Pacific, Urges Caution

by Comfort AmpomaaJanuary 17, 2026
Hon. Kofi Arko Nokoe
Vice President Professor Jane Naana Opoku-Agyemang and Chief Justice, His Lordship Justice Baffoe Bonnie
Arthur Kennedy, Former NPP Flagbearer Aspirant
GSE Delivers Historic Returns as Composite Index Soars 79.4% in One of Its Best Years Ever

Recent News

Hon. Kofi Arko Nokoe

Arko Nokoe Kicks Against VALCO Privatization, Urges for Reforms for Sustainable Benefits

January 18, 2026
Tkd2 1 1536x718 1

WAPCo Schedules Gas Pipeline Safety Tests Starting Today

January 18, 2026
Vice President Professor Jane Naana Opoku-Agyemang and Chief Justice, His Lordship Justice Baffoe Bonnie

Vice President Backs Judiciary Reforms to Improve Access to Justice

January 17, 2026
Arthur Kennedy, Former NPP Flagbearer Aspirant

Arthur Kennedy Demands End to NPP Hypocrisy Amid Frimpong-Boateng’s Expulsion Plot

January 17, 2026
GSE Delivers Historic Returns as Composite Index Soars 79.4% in One of Its Best Years Ever

Heavy Volume, Limited Winners as GSE Ends Week with Strong Liquidity but Narrow Gains

January 17, 2026
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address