Creating career prospects for university graduates through the reformation of the informal sector in Ghana to achieve decent work for all. A case study of graduates working in the informal sector within the Kumasi Metropolis
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2024-08-01
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en
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Africa has always been at the centre of developmental controversies by international organizations. Many theories and recommendations have been thrown to the region to solve its never-ending developmental dilemma. One of the reoccurring issues in the continent is the structure of informal economies and its impact on economic growth. As iterated by Koto (2015), the informal sector accounts for a large portion of most developing countries' economic activities—outside the purview of regulated economic activity. The informal sector is a labour economy encompassing of economic activities that operate without state regulations and protection. It is noted to have many opportunities and quite lucrative if ventured into it. With the increasing rate of graduate unemployment in Ghana and the inability of the formal sector (both private and public) to employ most university graduates, the informal sector can be considered as one of the labour entities to help solve this canker. However, it has issues of its own, that is the negative perceptions attached to it (a place for the uneducated) and less accessibility to financial resources which affects the income earned by the individuals working in this sector. Therefore, this study aimed at understanding how the informal sector can contribute to reducing graduate unemployment if reformed. This is because, it is believed that the informal sector has many career opportunities for individuals including university graduates.
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Faculteit der Managementwetenschappen