“It is not always the case that when GDP grows, it means we are creating jobs. In the last two years that there has been relative macroeconomic stability, GDP growth has been led principally by growth in output of the oil and gas sectors while the industrial sector keeps declining. “…available data actually indicate that the industrial sector is actually experiencing a decline in its share of total employment. “This partly explains why despite the ‘impressive’ GDP growth rate, formal employment has decreased and informal employment has sharply increased its share of total employment,” it added. It said GDP growth “must mean something” for the creation of decent jobs, decent housing, improved nutrition, better healthcare, improved quality of education, and improved sanitation facilities.

Source: GhanaWeb April 08, 2019 14:58 UTC