Structural Transformation and Labor Market Performance in Ghana

Dhushyanth Raju

No 154568, Jobs Group Papers, Notes, and Guides from The World Bank

Abstract: Structural transformation can spur economic growth and development if it increases overall productivity growth. A labor market environment that enables workers and enterprises to transition smoothly across sectors and into more productive economic pursuits can enhance the effect of structural transformation on economic growth. This study examines Ghana's recent record of structural transformation and labor market performance. Based on the findings, the study proposes ways to further transform the country's economy, in a way that stimulates stronger, sustained growth and produces gainful, productive, and inclusive private employment. The COVID-19 (coronavirus) pandemic and associated global economic crisis have posed a substantial setback to Ghana's economic progress and plans, but these challenges also underscore the need for structural transformation that can both strengthen economic performance and improve labor conditions and outcomes.

Keywords: youth; transition from school to work; employment in the services sector; cost of production due; Labor Market; labor productivity; labor market performance; labor force participation rate; informatio n and communication technology; average for sub-saharan africa; quality of education service; total factor productivity growth; lower level of education; complete secondary education; Micro and Small Enterprises; labor market indicator; national income; wage employment; population subgroup; productivity gain; Agriculture; movement of worker; share of employment; investment and development; return to education; employment rate; overall poverty line; wage employment growth; labor market participation; global value chain; modern economic growth; labor market structure; terms of education; agriculture and service; youth unemployment rate; flat panel display; employment in agriculture; other human development; social protection system; diversification of export; average monthly earnings; natural gas discovery; ratio of women; growth and development; natural resource curse; share of investment; distribution of wage; civil society participation; employment in industry; aggregate productivity growth; privileges and immunity; participation of woman; children under age; real exchange rate; low labor productivity; loss of employment; foreign direct investment; goods for export; depth of poverty; level of employment; loss of income; global economic crisis; machinery and equipment; growth in trade; contribution of industry; decline in remittance; agriculture and industry; east asian miracle; loss in revenue; measure of use; per capita income; adult equivalent consumption; household and individual; share of wage; labor market condition; urban resident; manufacturing sector; average returns; dutch disease; labor condition; working-age population; new product; education attainment; industrial sector; rural area; labor earning; economic diversification; oil production; in school; sectoral distribution; self-employment opportunity; capital accumulation; rural resident; recent years; nonfarm enterprise; average earning; manufactured goods; work status; business service; crude petroleum; minimum wage; financial capital; cocoa bean; overall employment; statistical service; low share; environmental sustainability; enterprise survey; manufacturing enterprise; average productivity; recent past; wage earnings; high share; private employment; relative price; production increase; oil discovery; test score show less (search for similar items in EconPapers)
Pages: 103 pages Creation-Date: 2020-11-24
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https://openknowledge.worldbank.org/handle/10986/34849

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Working Paper: Structural Transformation and Labor Market Performance in Ghana (2020)
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