The Dean of the University of Ghana Business School (UGBS), Professor Justice N. Bawole, spoke on the youth unemployment conundrum plaguing the minds of many Ghanaians at the inauguration ceremony of the Bono East Advisory Committees, on June 11, 2021.
According to a World Bank report published in September 2020 titled “Youth Employment Programs in Ghana: Options for Effective Policy Making and Implementation”, “Ghana is faced with 12% youth unemployment and more than 50% underemployment, both higher than overall unemployment rates in Sub-Saharan African countries”. The report also stated “agribusiness, entrepreneurship, apprenticeship, construction, tourism, and sports as key sectors that can offer increased employment opportunities for the Ghanaian youth”. Pierre Frank Laporte, World Bank Country Director for Ghana, Liberia, and Sierra Leone, stated that “Ghana's youth employment challenge is vast and requires an all-round, deliberate, and consistent response. Considering the options outlined in this report, future youth employment policy planning should not only address youth unemployment but should also build the human capital needed to sustain Ghana’s economy.”
As Chairman of the Bono East Business Development & Industrialisation Advisory Committee, Professor Bawole was confident that the Bono East Region could be one of the gateways to job creation and unemployment reduction in the country. He remarked that “the Bono East Region has what it takes to address the high youth unemployment situation in the country”. He further noted that the region offers many job opportunities in the agricultural sector and these job opportunities will manifest through making investments in the region.
Professor Bawole assured participants during the inauguration ceremony that he and his committee members will work towards branding the Bono East Region as the ideal destination for investment, business, education, and other aspects of human development. He however, indicated that security in the region will need a significant boost to shore up investor confidence in the region’s potential.
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