• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, August 19, 2025
  • 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”

July 20, 2025
Stephen M.Cby Stephen M.C
in Economy, One Top Story
0
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

Databank Research Tips Cedi for Tougher Times as Dollar Pressures Build

Foreign Investors Slash Debt Holdings to GH₵13.4bn, But Pump Billions into Stocks

World Bank Projects Ghana’s External Sector Strong on Gold, Remittances 

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.

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
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

[mc4wp_form id="1264"]

Related Posts

Ghanaian Producers Fight Unfair Treatment
Entertainment

Mark Darlington Weighs in on Shatta Wale, MOG Copyright Dispute

August 19, 2025
Families Receive Insignia For Fallen August 6th GAF Heroes
General News

Families Receive Insignia For Fallen August 6th GAF Heroes

August 19, 2025
Mariah Carey Wins Copyright Case Over Christmas Hit
Entertainment

Mariah Carey Reveals Her Verdict on Grammys

August 19, 2025
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
Vaultz Business

MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins

August 19, 2025
UK To Deploy Troops If Peace Deal Holds
UK

UK To Deploy Troops If Peace Deal Holds

August 19, 2025
A Gesture To Convince Others To Accept Fukushima Soil
Asia

Japan Poised To Participate In Security Guarantees For Ukraine

August 19, 2025
Ghanaian Producers Fight Unfair Treatment
Entertainment

Mark Darlington Weighs in on Shatta Wale, MOG Copyright Dispute

by Esther Korantemaa OffeiAugust 19, 2025
Families Receive Insignia For Fallen August 6th GAF Heroes
General News

Families Receive Insignia For Fallen August 6th GAF Heroes

by Silas Kafui AssemAugust 19, 2025
Mariah Carey Wins Copyright Case Over Christmas Hit
Entertainment

Mariah Carey Reveals Her Verdict on Grammys

by Esther Korantemaa OffeiAugust 19, 2025
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
Vaultz Business

MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins

by Stephen M.CAugust 19, 2025
UK To Deploy Troops If Peace Deal Holds
UK

UK To Deploy Troops If Peace Deal Holds

by Lawrence AnkutseAugust 19, 2025
A Gesture To Convince Others To Accept Fukushima Soil
Asia

Japan Poised To Participate In Security Guarantees For Ukraine

by Comfort AmpomaaAugust 19, 2025
Ghanaian Producers Fight Unfair Treatment
Families Receive Insignia For Fallen August 6th GAF Heroes
Mariah Carey Wins Copyright Case Over Christmas Hit
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
UK To Deploy Troops If Peace Deal Holds
A Gesture To Convince Others To Accept Fukushima Soil
[/vc_row_inner]

Recent News

  • Mark Darlington Weighs in on Shatta Wale, MOG Copyright Dispute
  • Families Receive Insignia For Fallen August 6th GAF Heroes
  • Mariah Carey Reveals Her Verdict on Grammys
  • MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
  • UK To Deploy Troops If Peace Deal Holds
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.