Youth, join this forum to reclaim your success! Knowledge is POWER!
Ernest Bediako is just under 30 years old and has mastered building ethical wealth! You don’t want to miss this! And Caroline will touch on the Biblical principles that should guide you as you build ethical wealth.
According to the United Nations, Africa is expected to double its population by 2050, from 1 billion to nearly 2.4 billion inhabitants. Approximately half of this population will be less than 25 years old, which may mean that many countries will not have the capacity to provide opportunities for youth in the job market. The World Bank also concludes that young people represent 60% of the unemployed population in Africa, and even among those who do have a job, the vast majority is in the informal economy. Approximately, 69% of the unemployed in Ghana are young people between 15 and 34 years of age. In addition, only 39% of youth are employed, and 14% are unemployed.
Although several interventions have been developed by the government of Ghana to address youth unemployment, many of their programs have failed to reach their goals. Youth in Ghana have aspirations of securing dignified employment, and want to be supported to advance their career goals. Furthermore, employed youth face challenges around moving between jobs due to short-term contracts, poor organizational culture, lack of professional development and career advancement, and low pay and high workload. This often results in transition from formal employment to the informal economy (e.g. uber, mobile money agent, etc) or simply unemployment.
Without urgent action, high unemployment rates could result in poor mental health, social protest and forced mobility among youth. Youth in Africa need help with being prepared for the labor market, and to succeed. A holistic, innovative, data-driven and pragmatic approach is needed to solve the youth employment challenges that Ghana faces.