{"id":21205,"date":"2014-05-28T13:07:14","date_gmt":"2014-05-28T13:07:14","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=21205"},"modified":"2014-05-28T13:07:14","modified_gmt":"2014-05-28T13:07:14","slug":"labor-market-structure-to-blame-for-low-umeployment-rate-labor-economist","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/05\/labor-market-structure-to-blame-for-low-umeployment-rate-labor-economist\/","title":{"rendered":"Labor market structure to blame for low umeployment rate – Labor Economist"},"content":{"rendered":"

Labor Economist and Professor at the University of Ghana[UG], \u00a0Dr William Boateng has cited the structure of the Ghanaian labor market and neglect of the informal sector for the low\u00a0unemployment rate.<\/p>\n

Ghana\u2019s unemployment rate is currently pegged at 3%. This is according to the Ghana Statistical Service.<\/p>\n

Many have questioned the figure with some saying the figure does not represent the true levels of unemployment in Ghana.<\/p>\n

But speaking on the \u00a0Citi BreakFast Show,<\/strong> Dr Boateng disclosed that \u201cunemployment in Ghana you may think it is low but it depends on the structure of the labor market,\u201d<\/p>\n

He further added that, \u201cThe labor market in Africa doesn\u2019t give room for people to be in the informal sector, and therefore if somebody comes out of school the person is actually seeking work and the person is not getting a job, the informal sector is so limited that he cannot go there and seek refuge and therefore he will remain unemployed\u201d<\/p>\n

\u201cWhen you come to Ghana you will realize that if somebody finishes Junior high school[J.H.S] and is looking for work, and he is not getting it, because the minimum qualification for entering the formal sector is secondary education\u201d \u2013 he noted<\/p>\n

He concluded by saying that \u201cWe don\u2019t actually have the institutions and the law to get all these things covered, even if we cannot conduct surveys for the informal sector to cover everybody.\u00a0In the\u00a0formal sector we should be able to do something, all registered establishments \u00a0should be asked to provide data on people employed, retired also that even if we cannot cover people in the informal sector we have the formal sector covered.\u201d<\/p>\n

 <\/p>\n

By: Benjamin Epton Owusu\/Citifmonline.com\/Ghana<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Labor Economist and Professor at the University of Ghana[UG], \u00a0Dr William Boateng has cited the structure of the Ghanaian labor market and neglect of the informal sector for the low\u00a0unemployment rate. Ghana\u2019s unemployment rate is currently pegged at 3%. This is according to the Ghana Statistical Service. Many have questioned the figure with some saying […]<\/p>\n","protected":false},"author":14,"featured_media":21209,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[38,17],"yoast_head":"\nLabor market structure to blame for low umeployment rate - Labor Economist - Citi 97.3 FM - Relevant Radio. 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