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Author: Maddalena Honorati
Publisher: World Bank Publications
ISBN: 1464809429
Category : Business & Economics
Languages : en
Pages : 211
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Book Description
Ghana was, until very recently, a success story in Africa, achieving high and sustained growth and impressive poverty reduction. However, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and making it more inclusive. Most of the new jobs that have been created in the past decade have been in low-earning, low-productivity trade services. Macroeconomic instability, limited diversification and growing inequities in Ghana’s labor markets make it harder for the economy to create more jobs, and particularly, better jobs. Employment needs to expand in both urban areas, which will continue to grow rapidly, and rural areas, where poverty is still concentrated. The current fiscal and economic crisis is heightening the need for urgent reforms but limiting the room for maneuver and increasing pressure for a careful prioritization of 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 of job-creating sectors, problems with labor mobility, and the need for comprehensive labor market regulation. Ghana needs to diversify its economy through gains in productivity in sectors like agribusiness, transport, construction, energy, and information and communications technology (ICT) services. Productivity needs to be increased also in agriculture, in order to increase the earnings potential for the many poor who still work there. In particular, Ghana’s youth and women need help in connecting to these jobs, through relevant skills development and services that target gaps in information about job opportunities. Even with significant effort, most of Ghana’s population will continue to work in jobs characterized by low and fluctuating earnings for the foreseeable future, however, and they will need social safety nets that help them manage vulnerability to income shortfalls. More productive and inclusive jobs will help Ghana move to a second phase of structural transformation and develop into a modern middle-income economy.
Author: Maddalena Honorati
Publisher: World Bank Publications
ISBN: 1464809429
Category : Business & Economics
Languages : en
Pages : 211
Get Book Here
Book Description
Ghana was, until very recently, a success story in Africa, achieving high and sustained growth and impressive poverty reduction. However, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and making it more inclusive. Most of the new jobs that have been created in the past decade have been in low-earning, low-productivity trade services. Macroeconomic instability, limited diversification and growing inequities in Ghana’s labor markets make it harder for the economy to create more jobs, and particularly, better jobs. Employment needs to expand in both urban areas, which will continue to grow rapidly, and rural areas, where poverty is still concentrated. The current fiscal and economic crisis is heightening the need for urgent reforms but limiting the room for maneuver and increasing pressure for a careful prioritization of 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 of job-creating sectors, problems with labor mobility, and the need for comprehensive labor market regulation. Ghana needs to diversify its economy through gains in productivity in sectors like agribusiness, transport, construction, energy, and information and communications technology (ICT) services. Productivity needs to be increased also in agriculture, in order to increase the earnings potential for the many poor who still work there. In particular, Ghana’s youth and women need help in connecting to these jobs, through relevant skills development and services that target gaps in information about job opportunities. Even with significant effort, most of Ghana’s population will continue to work in jobs characterized by low and fluctuating earnings for the foreseeable future, however, and they will need social safety nets that help them manage vulnerability to income shortfalls. More productive and inclusive jobs will help Ghana move to a second phase of structural transformation and develop into a modern middle-income economy.
Author: Maddalena Honorati
Publisher: Directions in Development
ISBN: 9781464809415
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Ghana was, until very recently, a success story in Africa, achieving high and sustained growth and impressive poverty reduction. However, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and making it more inclusive. Most of the new jobs that have been created in the past decade have been in low-earning, low-productivity trade services. Macroeconomic instability, limited diversification and growing inequities in Ghana's labor markets make it harder for the economy to create more jobs, and particularly, better jobs. Employment needs to expand in both urban areas, which will continue to grow rapidly, and rural areas, where poverty is still concentrated. The current fiscal and economic crisis is heightening the need for urgent reforms but limiting the room for maneuver and increasing pressure for a careful prioritization of 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 of job-creating sectors, problems with labor mobility, and the need for comprehensive labor market regulation. Ghana needs to diversify its economy through gains in productivity in sectors like agribusiness, transport, construction, energy, and information and communications technology (ICT) services. Productivity needs to be increased also in agriculture, in order to increase the earnings potential for the many poor who still work there. In particular, Ghana's youth and women need help in connecting to these jobs, through relevant skills development and services that target gaps in information about job opportunities. Even with significant effort, most of Ghana's population will continue to work in jobs characterized by low and fluctuating earnings for the foreseeable future, however, and they will need social safety nets that help them manage vulnerability to income shortfalls. More productive and inclusive jobs will help Ghana move to a second phase of structural transformation and develop into a modern middle-income economy.
Author: Christabel Dadzie
Publisher: World Bank Publications
ISBN: 1464815798
Category : Business & Economics
Languages : en
Pages : 83
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Book Description
Unemployment and underemployment are global development challenges. The situation in Ghana is no different. In 2016, it was projected that, given the country’s growing youth population, 300,000 new jobs would need to be created each year to absorb the increasing numbers of unemployed young people. Yet the employment structure of the Ghanaian economy has not changed much from several decades ago. Most jobs are low skill, requiring limited cognitive or technology know-how, reflected in low earnings and work of lower quality. An additional challenge for Ghana is the need to create access to an adequate number of high-quality, productive jobs. This report seeks to increase knowledge about Ghana’s job landscape and youth employment programs to assist policy makers and key stakeholders in identifying ways to improve the effectiveness of these programs and strengthen coordination among major stakeholders. Focused, strategic, short- to medium-term and long-term responses are required to address current unemployment and underemployment challenges. Effective coordination and synergies among youth employment programs are needed to avoid duplication of effort while the country’s economic structure transforms. Effective private sector participation in skills development and employment programs is recommended. The report posits interventions in five priority areas that are not new but could potentially make an impact through scaling up: (1) agriculture and agribusiness, (2) apprenticeship (skills training), (3) entrepreneurship, (4) high-yielding areas (renewable energy†“solar, construction, tourism, sports, and green jobs), and (5) preemployment support services. Finally, with the fast-changing nature of work due to technology and artificial intelligence, Ghana needs to develop an education and training system that is versatile and helps young people to adapt and thrive in the twenty-first century world of work.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475506597
Category : Business & Economics
Languages : en
Pages : 233
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Book Description
Ghana has pursued several programs to accelerate the growth of the economy. In 1995, the government presented “Ghana: Vision 2020,” aimed at making Ghana a middle-income country in 25 years. Vision 2020 focused on human development, economic growth, rural development, urban development, infrastructure development, and an enabling environment. It was followed by the Ghana Poverty Reduction Strategy. One of the main challenges to economic growth is the unemployment problem. The recent discoveries of oil and gas create tremendous opportunities for stimulating national development.
Author: Boateng, Richard
Publisher: IGI Global
ISBN: 1799826112
Category : Business & Economics
Languages : en
Pages : 695
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Book Description
Technology provides accessibility otherwise unavailable to the people who can benefit from it the most. As new digital tools become less expensive and more widely available, research and real-world cases that examine the union between emergent countries and information systems are essential in determining the next steps for these nations. The Handbook of Research on Managing Information Systems in Developing Economies is a pivotal reference source that explores the effects of technological data handling within developing economies. Covering a broad range of topics such as emerging digital technologies, socio-economic development, and technology startups, this book is ideally designed for software programmers, policymakers, practitioners, educators, academicians, students, and researchers.
Author: Ernest Aryeetey
Publisher: Africa World Press
ISBN: 9780865438446
Category : Business & Economics
Languages : en
Pages : 388
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Book Description
Reviews the performance of the Ghanaian economy for the period 1983 to 1991, aimed at assessing the impact of structural adjustment policies in different areas of the economy.
Author: Rashad McCrorey
Publisher: Fact Sider
ISBN:
Category : Travel
Languages : en
Pages : 386
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Book Description
"Repatriation" delves deep into the journey of returning to one's ancestral homeland, exploring the complexities, challenges, and triumphs of this profound experience. Drawing from his own personal journey and extensive expertise as an entrepreneur, investor, and tourism chief in Ghana, Rashad McCrorey provides a comprehensive guide for those considering repatriation to Africa. With a keen sociological and anthropological lens, McCrorey navigates the cultural, historical, and societal dynamics that shape the repatriation process. From confronting identity issues to navigating bureaucratic hurdles, readers are guided through every facet of the repatriation journey. McCrorey's narrative is rich with insights gained from his experiences living in Ghana since 2020 and his deep understanding of African cultures. Through anecdotes, practical advice, and historical context, he paints a vivid picture of what it means to repatriate to Africa in the 21st century. Whether you're contemplating a permanent move or simply seeking to reconnect with your roots, "Repatriation" serves as an invaluable resource, offering guidance, inspiration, and a roadmap for a meaningful and transformative journey back to the motherland.
Author: Bettina Gehrke
Publisher: Bloomsbury Publishing
ISBN: 1137350016
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
An advanced level edited text that covers key theories of cross-cultural management and helps develop practical solutions to deal with difference in organizations. Focuses on the impact of globalisation on individuals' work life and identity and explores how to manage and lead teams in a globalised context. Includes coverage of emerging markets.
Author: Martin A. Klein
Publisher: Routledge
ISBN: 1136320008
Category : History
Languages : en
Pages : 472
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Book Description
This book brings together a series of new case studies, some by young scholars, others by widely published authors. All are based on original research and designed to enhance our understanding of the process of the abolition of slavery in Africa at the grass-roots level. Part of the studies are on new areas of interest such as the German colonies and the Algerian Sahara. Others throw new light on questions already debated, such as emancipation of the Gold Coast. Some focus on the impact of abolition on particular groups of slaves, such as the royal slaves in Nigeria and concubines in Morocco. Among the themes considered is the role of slaves in their own emancipation, the short and long-term results of abolition, the role of the League of Nations, and the vestiges of slavery in Africa today.
Author: T. S. Jayne
Publisher: Routledge
ISBN: 0429833466
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
Contemporary discussions of Africa’s recent growth have largely interpreted such growth in terms of structural transformation, based mainly on national- and sectoral-level data. However, the micro-level processes driving this transformation are still unclear and remain the subject of debate. This collection provides a micro economic foundation for understanding the particular growth processes at work within the region’s rural areas, and in so doing provides important insights for policy action. The book provides valuable household- and farm-level evidence about the drivers of rural labour productivity, improvements in access to markets, investment in food value chains, and indeed the role of rural economic growth in Africa’s ongoing rural transformation processes. Some of the features of Africa’s ongoing rural transformation are similar to those of agricultural transformation as experienced in Asia and elsewhere. However, other features of Africa’s rural transformation are unique, and pose important challenges for development policy and planning. Together, the studies compiled in this volume provide an updated, evidence-based, and policy-relevant understanding of where African countries are in their developmental trajectories and the region’s prospects for achieving inclusive forms of development over the next several decades. This book was originally published as a special issue of the Journal of Development Studies.
