ADVERTISEMENT
Over 1 million Ghanaians have lost their jobs since 2017 – Report
A statement released by the CSS on Monday said these substantial job losses have been recorded since the start of 2017.
___8982454___2018___10___16___8___Screen-Shot-2015-02-20-at-9.42.57-AM
A statement released by the CSS on Monday said the substantial job losses have been recorded from the start of 2017.
READ ALSO: Freight forwarder sues GRA over CTN as policy begins on Oct. 15Freight forwarder sues GRA over CTN as policy begins on Oct. 15
“The CSS, from its study of the situation, found that over a million individuals who contributed significantly to Ghana’s workforce and also served as breadwinners in their families have had to suffer the misery of job loss,” the statement read.
ADVERTISEMENT
The Centre indicated about four sectors which were hit hardest by the mass job losses in the country.
These include the industrial, banking and mining sectors, as well as the media and services sector workers.
The consequences of these job losses, the CSS said, will affect over three million livelihoods since those affected have families to cater for.
“The socioeconomic impact of these significant job losses on the general economy implies that well over three million livelihoods have been adversely affected given that one job loser can be said to have two dependants, though the empirics could mean worse.
“This also has serious implications for individuals or businesses that provide support services to sectors in which the job cuts are occurring. The overall effect is, aggregate demand is adversely affected, explaining the wave of hardship lamentations being expressed by individuals and businesses across the country. Government revenue performance targets cannot also be met on account of these facts.”
ADVERTISEMENT
READ ALSO: Gov't to reduce mortgage interest rate by 20% - MinisterGov't to reduce mortgage interest rate by 20% - Minister
The Centre warned that the turn of events has the ability to pose “disastrous social implications for crime and security” in the country.
The Centre said government’s failure to provide the needed social protection to citizens could compel them “to resort to crime and other illegitimate modes of registering their frustrations”.
“Recent attacks and chasing away of government officials are a direct consequence of the stated crisis. If nothing is done to abate or reverse this vicious trend, such attacks may become the rule (rather than the exception),” the Centre added.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
Parents will soon beg for their children to enrol in public basic schools -Dr Osei- Adutwum
Government rebrands public basic schools, set to change brown and yellow uniforms
I won’t apologize for ECG Manager's arrest – Ashanti Regional Minister
Trailblazing Prof. Jane Agyemang: The political powerhouse shaking up the NDC!
John Mahama can’t succeed me as President because I defeated him twice – Akufo-Addo
President Biden signs law to potentially ban TikTok if not sold
I won’t be a driver’s mate to John Mahama – Prof. Naana Opoku-Agyeman
‘Dumsor’ challenges will end in a few days – ECG Board Chairman assures Ghanaians