Ghana’s quickly increasing youth inhabitants presents a serious alternative for financial progress, however provided that the nation can create the roles to soak up new entrants into the labour market, the World Financial institution has warned.
In its ninth Financial Replace for Ghana, Addressing Labour Market Challenges and Alternatives in Ghana’s Financial Panorama, the Financial institution tasks that the nation’s working-age inhabitants will improve considerably over the following decade.
This demographic surge, it says, may very well be a robust driver of progress if matched with productive employment alternatives.
“A key focus must be on youth and their transition from college to work, making certain they’ve the abilities wanted for a contemporary financial system to offer robust employment alternatives, important for realising the demographic dividend,” stated Kwabena Gyan Kwakye, Economist and lead writer of the report.
The Financial institution emphasises that job-to-job transitions are additionally essential, enabling staff to maneuver into extra productive and sustainable employment.
Agriculture stays a precedence sector for such enhancements, with agro-processing worth chains and out-grower schemes providing pathways to spice up productiveness and resilience.
Ghana’s financial system, in keeping with the report, demonstrated resilience in 2024, rising by 5.7 per cent, and continued to broaden by 5.3 per cent within the first quarter of 2025.
But the World Financial institution cautions that these positive aspects are underneath strain from persistent inflation, excessive rates of interest, and financial challenges that undermined earlier stabilisation efforts.
To harness the demographic dividend, the Financial institution recommends pressing reforms to enhance the enterprise setting, shut infrastructure gaps, and speed up investments in human capital.
It requires focused expertise improvement programmes, particularly for younger individuals, and a complete job creation technique linked to structural transformation.
Robert Taliercio, World Financial institution Nation Director for Ghana, Liberia, and Sierra Leone, burdened that “entrenching fiscal self-discipline, strengthening public monetary administration, and thoroughly managing inflation and change fee volatility will likely be key” to sustaining progress and supporting job creation.
The report urges Ghana to prioritise three coverage avenues: constructing bodily and human capital via infrastructure and expertise funding; enhancing the enabling setting by eradicating structural constraints on corporations; and mobilising non-public capital for sectors with excessive progress and job creation potential.
With out these steps, the Financial institution warns, Ghana dangers lacking the window to show its youth bulge into a robust pressure for financial transformation.
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