Structural Transformation and Labor Market Performance in Ghana
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...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/755321606255985947/Structural-Transformation-and-Labor-Market-Performance-in-Ghana http://hdl.handle.net/10986/34849 |
| Summary: | 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. |
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