The African Development Bank (AfDB) indicates that Ghana's youth unemployment rate was 7.16% in 2023, with the issue being particularly severe among individuals aged.

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The bank's revised 2024 Africa Economic Outlook emphasizes that unemployment is notably higher among women in this age bracket compared to men.

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The report observes a slight rise in multidimensional poverty, increasing from 46% in 2017 to 46.7% in 2022, primarily due to the ongoing effects of the Covid-19 pandemic.

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The figures show that female youth unemployment reached 36.7%, while the rate for males was 29.3%.

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The increasing youth unemployment in Ghana is a growing concern, prompting demands for enhanced structural transformation.

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The report highlights that productivity in the services sector, the largest employer, has stagnated, while improvements in industry and agriculture remain minimal.

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Employment in agriculture dropped from 53.9% in 2007 to 29.8% in 2019.

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Conversely, the industry's share rose from 14.1% to 21.0%, and the services sector's share increased from 31.9% to 49.2%.

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The AfDB recommends several strategies to expedite Ghana's structural transformation. These include improving competitiveness by resolving infrastructure challenges, accelerating agro-industrialization through skill development and value addition, and fostering private sector expansion.

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Furthermore, the report stresses the necessity of a strong policy framework to support technology adoption and innovation.

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