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RADP / Pulse Ghana  >  news  >  business

47% of Ghana's labour force underutilized- ILO Report

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Ghana is not alone, and the ILO says the vast majority of workers in sub-Saharan Africa find themselves in informal or vulnerable employment.

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This is the  combined percentage of the working age population,  that is unemployed or underemployed   and potential workers who are not part of the labour force, that is underemployed and unemployed.

Though the informal economy contributes 50 to 80 per cent of GDP and  60 to 80 per cent of employment, although most of the people employed here are unskilled.

READ MORE:48% of Ghanaian youth jobless - World Bank report

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Additionally, Ghana’s working poverty rose from 23.8% in 2007 to 29.7% in 2015.

This shows there has been little improvement since 2007 and the population of the moderately poor,  that is working individuals living on $1.9 to $3.10 has also grown.

The figure is projected to reach 30 per cent in 2016 and 30.4 per cent in 2017 buoyed by limited formal job opportunities available to the most vulnerable populations such as the poor, women and youth.

The unemployment rate among women rose to 8.5 per cent in 2015 from 8.4 per cent in 2014, while among men it rose from 6.2 per cent in 2014 to 6.4 per cent in 2015. Youth unemployment also rose to 11.1 per cent in 2015, up from 10.9 per cent in 2014.

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