Mr Ignatius Baffour-Awuah, the Minister of Employment and Labour Relations,
has said the rate of unemployment in the country has reduced from 11.9 per cent
in 2015 to 7.1 per cent in 2019.

The decline, he
said, was partly as a result of government’s flagship programmes and policies
interventions conceptualised in the Coordinated Programme for Economic and
Social Development Policies and the National Medium-Term Development Frame.

Mr Baffour-Awuah,
who was speaking at the meet-the-press series, said the interventions include:
‘Planting for Food and Jobs’, ‘Rearing for Food and Jobs’, ‘One-District-One-Factory’,
Revamping Vocational Skills Training and Modules under Youth Employment Agency
and the Nations Buildings Corps.

He said during the
period under review, a total of 611, 397 new jobs were created in the formal
sector.

Out of this figure,
Mr Baffour-Awuah noted, that the Ministries, Departments and Agencies accounted
for 343, 458 new jobs while the formal private sector created an estimated
267,939 new jobs.

He said there has
been a relatively stable and peaceful industrial atmosphere since January 2017
and applauded employers and the leadership of respective labour unions for
their support, patience and tolerance in the handling all labour disputes.

Mr Baffour-Awuah
said the informal economy continues to dominate the labour market with 85 per
cent of employment with the formal sector accounting for the remaining 15 per
cent.

He said the public
sector formed seven per cent while the private formal sector commands eight per
cent.

On pensions, he
said, out of the 16.9 per cent contributing family workers, 13.1 per cent were
in agriculture while the remaining 3.8 per cent were in non-agricultural
activities.

As at December,
2018, he said, the Active Worker Population recorded on the Tier 1 was more
than 1.53 million.

He said “new
members enrolled onto the SSNlT Scheme increased from 281,303 in 201 7 to
611,397 as at May 2019, at an average growth rate 46.8 per cent.” 

As part of efforts
to sanitize the operations of SSNlIT, Mr Baffour-Awuah said, government
embarked on an exercise in February to identify and eliminate “ghost”
pensioners from the SSNlT payroll.

The move, he said,
has led to the deletion of 6,311 “ghost” pensioners from the SSNlT
payroll, saving the Trust over GH¢43.8 million as at the end of May 2019.

Source: GNA



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