Improving Skills Development in the Informal Sector by Arvil V. Adams; Sara Johansson de Silva; Setareh Razmara

Author:Arvil V. Adams; Sara Johansson de Silva; Setareh Razmara
Language: eng
Format: epub
Publisher: The World Bank

Sources: World Bank 2009, 2010.

Note: GDP = gross domestic product.

With half the workers engaged in low-productivity farming, high rural poverty rates, and continued expansion of the working-age population, Ghana still faces important social and economic challenges for the future (table 5.1). Strong achievements—solid economic performance, stable economic management, improved access to education—need to be reinforced with further reforms to improve productivity and earnings and to facilitate worker access to better-earning sectors. Improving skills is one of the key pillars of strengthening productivity of small enterprises and individual workers and for raising Ghana’s competitiveness. Although access to formal education has increased, a majority of Ghanaian youth still enter the labor market without having completed basic levels of education. Increasingly, they are engaged in small-scale, informal activities in the nonfarm sector. Without a massive expansion of the formal sector work, the nonfarm informal sector will likely be increasingly important for employment. Better preparing youth and adults for these jobs requires a deeper understanding of the characteristics of this sector, the links between earnings and the sector, and how skills affect earnings indirectly and directly, as well as the options for strengthening the supply of skills.

Table 5.1 Key Indicators, Ghana

Indicator

Percentage

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