The number of people who will be without jobs in Sub-Saharan Africa could reach 2.2 million –about 7.6 percent increase, by 2019, Ghana’s Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, has projected.
According to ISSER, the unemployment numbers for Sub Saharan Africa are expected to increase from 29.1 million to 31.3 million in 2019.
The report, released on Tuesday October 2, indicated that unemployment among the youth; that is, persons between 15 and 24 years of age, remains much higher than among other groups of the labour force in most economies.
It further said the situation is worsened by the trickling effect of previous episodes of slow growth in the global economy.
Again, even though globally the vulnerable employment rate has dropped from 42.9% to 42.5% as at last year, that of developing countries like Ghana still hover at 76.5%.
Already in Ghana, ISSER has proven that it takes an average of ten years to secure a job.
But ISSER is optimistic countries like Ghana could escape the impact of this rather alarming situation through some suggestions it has offered.
ISSER’s Director, Professor Felix Asante believes the government ought to intervene to normalise the employment space.
“Moving beyond 2018 is where the challenge comes; we have identified infrastructure deficit, we also will have to look for money to support the social intervention programs. Revenue to GDP is still not the level that we expect. So, these are the challenges that are confronting the nation and we have to come out with policies and program to move around it,” he added.
The findings have revealed a gradual withdrawal of young people from the labour market due to the difficulty of finding jobs.