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Structural Transformation and Labor Market Performance in Ghana

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  • Nxumalo, Mpumelelo Author-Name: Raju, Dhushyanth

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.

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  • Nxumalo, Mpumelelo Author-Name: Raju, Dhushyanth, "undated". "Structural Transformation and Labor Market Performance in Ghana," Jobs Group Papers, Notes, and Guides 154568, The World Bank.
  • Handle: RePEc:wbk:jbsgrp:154568
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    Cited by:

    1. Glenn P. Jenkins & Richard Sogah & Abdallah Othman & Mikhail Miklyaev & Çağay Coşkuner, 2023. "Estimation of the Economic Opportunity Cost of Labour: An Operational Guide for Ghana," Sustainability, MDPI, vol. 15(14), pages 1-21, July.
    2. Saumik Paul & Dhushyanth Raju, 2024. "Mining spillovers and the formal-informal duality in manufacturing and services," WIDER Working Paper Series wp-2024-6, World Institute for Development Economic Research (UNU-WIDER).

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    Keywords

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