Tag Archives: ProductivityGrowth

Ghana’s overreliance on mining sector hinders economic progress – experts warn

Ghana's overreliance on mining sector hinders economic progress - experts warn

Ghana’s economic growth remains heavily dependent on the mining and oil sectors, raising concerns about the country’s slow structural transformation and limited job creation, experts have said. Speaking at the launch of the Productivity, Employment and Growth Report in Accra on February 24, 2025, Government Statistician Prof. Samuel Kobina Annim stressed the need for Ghana to rethink how labour and capital are combined across all sectors. He noted that while productivity has improved over the past three decades, much of the growth has been driven by extractive industries, which contribute significantly to GDP but create few jobs. “The data shows that while productivity has increased, much of this progress is confined to the mining sector, which does not generate enough employment opportunities,” he said. “If Ghana wants to double its