Ghana’s informal sector employs nearly 80% of the workforce but contributes only 27% of GDP, highlighting a major productivity gap, according to the first edition of the National Report on Productivity, Employment, and Growth, released by the Ghana Statistical Service (GSS).
The report warns that despite providing livelihoods for the majority of workers, the informal sector remains plagued by low productivity, underemployment, and stagnant wages, posing a significant challenge to economic growth.Eco-friendly travel packages
According to the report, labour productivity grew by an average of 3.2% annually between 1991 and 2019, with key gains concentrated in capital-intensive sectors such as mining and finance.
The manufacturing sector recorded a 14% productivity increase between 2013 and 2022, yet employment grew by only 2.5% in the same period, reflecting slow industrial expansion.
Source:Mybrytfmonline.com
