Statistics on unemployment reduces drastically - Labour Minister reveals

Statistics on unemployment reduces drastically - Labour Minister reveals

- The government’s efforts to reduce unemployment looks promising

- According to the labour minister, the statistics keep declining

- He said the statistics stood at 11.5 per cent in 2015, but has fallen between 3.6 per cent and 7.1 per cent

Minister of Employment and Labour Relations, Ignatius Baffour-Awuah, has revealed that the employment rate recorded in the country is gradually reducing.

According to the minister the country's unemployment stock looks promising since the statistics keeps declining year by year.

He said the statistics stood at 11.5 per cent in 2015, but has fallen between 3.6 per cent and 7.1 per cent.

While addressing a Senior Management Team of the Ministry, Mr Baffour-Awuah said, skills of most of the 20,000 graduates churned out every year by the seven public universities in the country were always not needed to gain jobs in the formal sector.

READ ALSO: GN Bank: Nduom gets new investors; workers locked-up salaries released

He however tasked Agencies and Departments within the Ministry to coordinate and design realistic employment policies and programmes to create jobs.

Mr Baffour-Awuah said his ministry is expected to address the nation on Thursday, August 15, adding that the address would be mostly centred on national pensions.

In other news, Dr. Papa Kwesi Nduom has assured that “new money” would soon be invested in the GN Savings and Loans to boost the company.

READ ALSO: Ghanaians react over sleeping man who looks just like President Akufo-Addo (Photo)

According to him, the financial institution will bounce back within the shortest possible time to meet customers’ demands.

He said more funds will soon be raised through ‘credible potential partners’ to meet the outstanding withdrawal demands of depositors.

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Source: Yen

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