• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, May 6, 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
in Economy, One Top Story

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 Construction Cost Inflation Extends 11-Month Downward Trend

Dr. Alhassan Iddrisu, Government Statistician

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.

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.

ADVERTISEMENT

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.

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.

ADVERTISEMENT

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

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

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

Inflation Rises to 3.4% After 15-Month Decline
Economy

Inflation Rises to 3.4% After 15-Month Decline

May 6, 2026
Cash Circulating in Ghana’s Economy Hits GH¢83.8bn Despite Cuts
Economy

Cash Circulating in Ghana’s Economy Hits GH¢83.8bn Despite Cuts

May 5, 2026
Hon. John Jinapor with Partners
Extractives/Energy

Gov’t Signs $60Bn Deal with Energy Partners to Boost Upstream Petroleum Production

May 5, 2026
Amin Adam Flags Bank of Ghana Fiscal Time Bomb
Economy

Amin Adam Flags Bank of Ghana Fiscal Time Bomb

May 5, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

, Dr. Kwasi Nyame-Baafi, a Senior Research Fellow at IERPP

Ghana Could Exhaust Gold Reserves by Years if Current Trend Persists – Dr. Nyame-Baafi Warns

May 6, 2026
Sudan Medical Supplies 82

Over 60% Developing Nations Face Water Crisis, Scientists Warn

May 6, 2026
Hon. Emelia Arthur, Minister for Fisheries and Aquaculture Development, with Mr. Lawrence Kannae, Chairman of the Civil Service Council

MoFAD Familiarisation Tour Exposes Need For Internal Reform

May 6, 2026
Charles de Gaulle Aircraft Carrier 1

French Aircraft Carrier Group En Route To South Of Red Sea

May 6, 2026
Supreme-Court Judges

Fourteen CSOs Join Supreme Court Suit Challenging OSP’s Prosecutorial Powers

May 6, 2026
Next Post
President John Dramani Mahama

Mahama Pledges Massive Infrastructure Boost for Eastern Region

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.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

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

Enter your email address