After a year widely characterised as an economic comeback, data from the Bank of Ghana indicates that the recovery may now be translating into gains within the labour market.
In October 2025, advertised job vacancies across selected print and online platforms climbed to 3,248, representing a 14 per cent year-on-year increase and a notable rise from September. On a month-on-month basis, postings grew by 14.7 per cent, up from 2,831 vacancies recorded the previous month.
Although the total number of advertised jobs for the first 10 months of the year reached 30,185—virtually unchanged from the 30,218 recorded over the same period in 2024—the recent uptick signals improving employer confidence as macroeconomic conditions stabilise.
Beyond new hiring, the existing private sector workforce is showing resilience. Contributions by private sector workers to the SSNIT Tier-1 pension scheme rose to GH¢527.17 million in September 2025, marking a 14.5 per cent increase compared to the same period last year.
Cumulatively, contributions for the first three quarters of 2025 jumped by 22.3 per cent to GH¢4,561.01 million, supported by a steady rise in the number of active contributors. In September, active contributors reached 1,089,332, reflecting a 3.7 per cent year-on-year increase.
Together, these indicators point to a formal private sector that is expanding both in workforce size and in contribution value. The trend aligns with broader economic improvements, including easing inflation, a strengthening cedi and sustained economic growth, which appear to be reducing pressure on businesses and supporting employment.
While unemployment remains high, the data suggests that the formal private sector continues to grow. The critical question now is whether this momentum can be maintained into 2026, transforming Ghana’s economic rebound into sustained and meaningful job creation rather than temporary optimism.
