GOVERNMENT MAKES STRIDES TO ADDRESS UNEMPLOYMENT
The Minister for Employment and Labour Relations, Hon. Ignatius Baffour Awuah, says President Nana Addo Dankwah Akuffo Addo – led administration has made significant strides in addressing the issue of unemployment in Ghana.
According to him, between January 2017 and March 2018, government was able to facilitate the creation of 1,096,414 jobs both in the public and private sectors through various interventions.
Hon. Ignatius Baffour Awuah stated this in his introductory remarks when His Excellency, Nana Addo Dankwah Akuffo Addo launched the Nations Builders Corp Programme (NABCO) on “Workers Day” on Tuesday,1st May, 2018 at the Kwame Nkrumah University of Science and Technology in the Ashanti Region.
Speaking, the Hon. Minister said youth unemployment has become one of the most critical challenges of our national life, citing for example the issue of graduate unemployment. He noted that the urgency to create jobs for the teeming graduates has become paramount considering the survey conducted by the Institute of Statistical Service and Research (ISSER) that less than 10% of graduates find jobs after their national service.
The research further revealed that it takes up to 10 years for a large number of graduates to secure decent employment as a result of varied challenges ranging from lack of employable skills, inadequate capital for entrepreneurship, low capacity of industry to absorb growing labour force among others.
According to the Hon. Minister, further statistics revealed from the Labour Force Survey conducted by the Ghana Statistical Service in 2015 and launched in 2017, rate unemployment as at the end of 2015 at about 11.9% of the Labour Force. It shows that whilst 25.9% of the unemployed are youth, about 11.7% of the employed population are under employed.
This, according to the Hon. Minister, confirms the ISSER Report alluding to unemployment as the highest among school leavers especially in the early years after national service.
The Hon. Minister remarked that the launch of NABCO on Workers Day is no coincidence but signifies the huge importance that the President attaches to the issue of job creation and decent work.
He added the emergence of NABCO cannot be more timely and accurate as it addresses the frustration, confusion and the lack of hope and direction for the youth.
NABCO is a major government initiative aimed at addressing graduate unemployment. Under NABCO, One Hundred Thousand graduates are expected to be recruited, trained and deployed to different Public Sector Agencies and Private Sector companies under different terms and conditions.
NABCO is into seven modules. The modules are Civic Ghana, Heal Ghana, Enterprise Ghana, Digitize Ghana, Revenue Ghana, Feed Ghana and Educate Ghana.
Graduates employed under NABCO will have three years contract and will each receive an allowance of GHC 700.00.
The NABCO programme is being executed under the leadership of the Vice- President, Dr. Alhaji, Mamud Bawumi.
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