The unemployment rate in Ghana in 2025 is expected to remain at an average of 4.0% of the labour force, maintaining this level over 2026.
According to Fitch Solutions, the unemployment rate has been rising slowly since 2017 and is expected to continue this path over the medium term and beyond.
It said the size of the market’s labour force is reduced by low life expectancy at around 64.3 years of age, which is itself a result of the low level of government expenditure on healthcare as well as the prevalence of water-borne diseases and chronic illnesses such as HIV/AIDS.
It added that a shortage of highly skilled workers also means that employers must import workers from abroad to fill the gaps in the domestic workforce.
Meanwhile, the UK-based firm said the broader economic challenges confronting households and consumers stem from weak real purchasing power.
It said although inflationary pressures have largely eased in many markets, price levels remain high, and many households have not yet experienced real wage growth sufficient to restore purchasing power to their pre-2022-2024 inflationary shock levels.
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