- The World Bank sees job creation as a major challenge for government
- The institute wants the government to address this challenge immediately
- Its report shows that the largest job-creating industry, agriculture, is suffering
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Ghana faces a daunting challenge of creating more and better jobs as 'medium' of jobs within the manufacturing sector, despite commendable growth rates over the years, the World Bank report said.
A report titled ‘Rising Ghana’ shows that the agricultural sector has been declining in terms of labor but is still a major source of employment in the country.
"A rising star, but Ghana's growth path did not straighten out," he said.
The report revealed that the country faces a major production challenge as resource production declines over the past 20 years, while production has declined.
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Similarly, less informal resources have taken over staff but are not producing well. Between 1990 and 2018, the financial services sector recorded a high employment growth rate of 650%.
This was followed by more than 400% government services and business services which grew by almost 400%.
Agriculture and mining have seen low levels of job growth. The report recommended that the country launch a transformation program in its next phase of growth, in order to improve job creation and productivity.