Ghana’s Employment and Opportunity ranked 107 out of 183 countries in Global Youth Development Index
Nana Addo Dankwa Akufo-Addo
According to the Global Youth Development Index Update 2023, Ghana’s employment and opportunity has been ranked as the 107th out of 183 countries.
This statistics was stated in the 2023 Global Youth Development Index Update Report.
Analyzing the employment and opportunity ranks, the document explained that
“The Employment and Opportunity domain recorded the largest average improvement from 2010 to 2022, rising by 6.1 per cent. Worldwide, 155 countries improved and 28 deteriorated. Myanmar had the largest improvement, followed by Armenia, Vietnam, the Marshall Islands and Russia. Niger had the largest deterioration, followed by Afghanistan, Angola, Laos and Rwanda.
“Progress in this domain was driven largely by a 52.1 per cent improvement on the account indicator score, which measures access to bank accounts and
the financial system, including mobile money. Figure 4.3 shows the average 2010 and 2022 scores in Employment and Opportunity, as well as on each of its
component indicators.
“The second most improved indicator in this domain was adolescent fertility, which improved by 5.9 percent between 2010 and 2022, indicating that fewer young women are getting pregnant before age 20. Early pregnancies can limit young women’s opportunities to achieve financial independence and pursue a career. Progress on this indicator is a positive sign for economic progress and greater gender equality.
“The underemployment indicator showed moderate change, with the global average improving by just shy of 2.0 per cent. The share of youth not in education, employment or training (NEET) was the one Employment and Opportunity indicator to register a deterioration since 2010, with the score declining by a little over 0.8 per cent. On the whole, the domain results suggest that more young people around the world are poised for economic independence, but rates of formal and full economic engagement tend to move slowly.
“Employment and Opportunity improved in all nine world regions, as Figure 4.4 shows. South America registered the largest improvement, followed by Russia and Eurasia, and North America, with all three recording improvements of more than 8.0 per cent in average domain score. The rest of the world saw more modest improvements, ranging from 6.82 per cent in the Asia-Pacific region to 3.14 per cent in sub-Saharan Africa”
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SOURCE: Coverghana.com.gh
