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Kester Aburam Korankye, Washington, D.C.
Business News
The World Bank has pledged to assist Ghana in addressing its youth unemployment crisis by supporting a new growth and jobs strategy designed to generate employment opportunities for more than 500,000 young people entering the job market each year.
The commitment was made during a high-level meeting between the World Bank’s Managing Director of Operations, Anna Bjerde, and Ghana’s Finance Minister, Dr. Cassiel Ato Forson, at the Bank’s headquarters in Washington, DC today.
The discussions centred on collaborative efforts to design and implement the strategy, which prioritises job creation, skills development, and inclusive economic growth to absorb the increasing number of job seekers.
Ms. Bjerde stated, “This initiative reflects our shared priority of unlocking opportunities for young people. We are proud to work with Ghana on a strategy that will create jobs and build a stronger, more resilient economy.”
Dr. Forson expressed gratitude for the support, stressing the need for bold and targeted measures to tackle unemployment. “This partnership is a major step forward in our efforts to provide decent and sustainable jobs for our youth,” he said.
The initiative comes at a critical time as Ghana seeks to harness its youthful population for economic transformation. The World Bank’s backing is expected to bolster government efforts in fostering entrepreneurship, enhancing vocational training, and stimulating private sector growth to meet the demands of the expanding labour force.