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Number of advertised jobs fell by 5.3% in 2022 – BoG

Source the Ghana Report

The Bank of Ghana (BoG) has revealed that the total number of advertised jobs in selected print and online media in 2022 fell by 5.3% to 32,651.

This is against the 34,484 recorded in 2021.

The data on advertised jobs partially gauges labor demand in the economy.

But the number of jobs advertised increased in December 2022 compared to a year ago.

According to the Bank of Ghana, 3,277 job adverts were recorded as compared with 2,588 for the same period in 2021, an increase of 26.6% year-on-year.

On a month-on-month basis, the number of job vacancies in December 2022 went up by 17.9% from the 2,779 jobs advertised in November 2022.

Background

In December 2022, BoG disclosed that the number of jobs advertised in selected print and online media increased in October 2022 relative to what was observed in October 2021.

According to data from the apex bank, 3,055 job adverts were recorded compared to 2,734 for the same period in 2021, indicating an increase of 11.7% year-on-year.

On a month-on-month basis, the number of job vacancies in October 2022 went up by 17.0% from the 2,611 jobs advertised in September 2022.

Cumulatively, for the first 10 months of 2022, the total number of advertised jobs declined by 9.5% to 26,595 from 29,380 recorded during the same period in 2021.

The data also indicate that private-sector  Social Security and National Insurance Trust (SSNIT) contributions declined.

The total number of private sector SSNIT contributors, which partially gauges employment conditions, declined marginally to 881,139 in September 2022, compared with 881,325 for the same period in 2021.

On a month-on-month basis, the total number of private sector SSNIT contributors decreased by 3.8% from the 915,582 individuals recorded in August 2022.

Cumulatively, for the first three quarters of 2022, the total number of private sector contributors increased by 8.5% to 8,411,419 from 7,750,950 recorded over the corresponding period in 2021.

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