Monday, November 11, 2024

Over 30 million to be jobless in Sub-Sahara Africa by 2019

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Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

Researchers in Ghana have predicted that over 30 million people in Sub-Saharan Africa will remain jobless by 2019.

Currently some 29.1 million people are estimated to be without jobs in the region. That number is expected to increase by some additional 2.2 million by next year.

Researchers at Ghana’s Institute of Statistical, Social and Economic Research (ISSER) say the unemployment rate could worsen by some 7.6 percent from next year.

Director of the Institute Professor Felix Asante told reporters in Accra that the slow growth in the global economy is a major factor for this trend.

Asante says his outfit’s recent study shows that unemployment among young people between ages of 15 and 24 remains high.

The researcher say in Ghana, it takes an average of ten years for people to to secure a job.

ISSER is however optimistic countries like Ghana could escape the impact of this rather alarming situation with proper planning.

“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,” Asante said.

He says “revenue to GDP is still not the level that we expect. We have to come out with policies and program to move around it.”

 

 

Source: Africafeeds.com

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