What is the graduate unemployment rate in Ghana?
Sadly, only 10 per cent of graduates in Ghana find work immediately after their mandatory national service, and it takes the remainder about 10 years to secure permanent employment, according to a report by the Institute of Statistics, Social and Economic Research (ISSER).
How many graduates get employed in Ghana?
Data from the Institute of Statistics, Social and Economic Research (ISSER) of the University of Ghana, has revealed that only 10 per cent of graduates find jobs after their first year of completing school.
What is the current unemployment rate in Ghana 2020?
approximately 4.53 percent
Unemployment rate in Ghana 2020 In 2020, the unemployment rate in Ghana was at approximately 4.53 percent of the total labor force. The unemployment rate is the percentage of a country’s labor force that are without jobs but are available to work and actively seeking employment.
What is the current unemployment rate in Ghana 2021?
Unemployment Rate in Ghana is expected to reach 4.60 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Unemployment Rate is projected to trend around 4.40 percent in 2022 and 4.20 percent in 2023, according to our econometric models.
Is unemployment a problem in Ghana?
As elsewhere in Africa, the issue of jobless growth in Ghana has become a major concern, particularly due to rising unemployment among the youth. In fact, in Ghana, manufacturing has performed abysmally, with an average growth rate of 3.2 percent between 2008 to 2017.
How many youths are unemployed in Ghana?
Ghana youth unemployment rate for 2018 was 8.78%, a 0.06% decline from 2017. Ghana youth unemployment rate for 2017 was 8.84%, a 2.49% decline from 2016….Ghana Youth Unemployment Rate 1991-2021.
|Ghana Youth Unemployment Rate – Historical Data|
|Year||% of Total Labor Force Ages 15-24||Annual Change|
How many graduates are unemployed?
What percentage of graduates get a job? The number of graduates in professional roles is 73.9%, and up to 87.7% of graduates get a job. Only 3% of graduates are unemployed, and around 15% are considered to be inactive, meaning neither employed nor unemployed.
What percentage of Ghana is unemployed?
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Ghana unemployment rate for 2020 was 4.53%, a 0.41% increase from 2019. Ghana unemployment rate for 2019 was 4.12%, a 0.04% decline from 2018.
What are the causes of youth unemployment in Ghana?
Youth unemployment causes
- Financial crisis.
- Skills mismatch.
- Lack of entrepreneurship and lifeskills education.
- Lack of access to capital.
- A digital divide.
What are the causes of youth unemployment?
Inadequate education and lack of productivity is costing jobs. Unemployment increases progressively with decreased educational levels; and the education system is not producing the skills for the labour market. Labour supply is affected by the increase in the number of job seekers over the years.
How many graduates get a graduate job?
The number of graduates in professional roles is 73.9%, and up to 87.7% of graduates get a job. Only 3% of graduates are unemployed, and around 15% are considered to be inactive, meaning neither employed nor unemployed.