Unemployment in Ghana in 2024 would remain at an average 4.0% of the labour force, Fitch Solutions has stated.
It is expected to be at the same level in 2025 and 2026 respectively.
It pointed out that the unemployment rate in the country has been rising slowly since 2017 and is expected to continue this path over the medium term and beyond.
“The size of the country's labour force is reduced by low life expectancy at around 64.3 years of age, which is itself a result of the low level of government expenditure on healthcare as well as the prevalence of water-borne diseases and chronic illnesses such as HIV/AIDS”, it mentioned.
“A shortage of highly skilled workers also means that employers must import workers from abroad to fill the gaps in the domestic workforce”, it added.
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