The government on Monday inaugurated a National Employment Coordinating Committee to formalize the informal economy.

The Committee will assess the job creation potential of government policies and interventions and assist the Ministry of Employment in setting up an automated labor market information system.

The committee comprised of representatives from 38 government ministries, departments and agencies, and chaired by the Minister of Employment and Labor Relations, is also responsible for harmonizing the impacts of employment policies, programs and projects for maximized results. and to provide policy oversight for the working employment sector. group.

In order to effectively manage the employment sector, Mr. Ignatius Baffour-Awuah, Minister of Employment and Labor Relations, said that concerted efforts are needed to monitor and coordinate the productive sectors and generate timely reports to guide decision makers.

He said that the Ministry of Employment was facing difficulties in its efforts to harmonize the activities of the sectors.

This has therefore led to difficulties in providing credible figures or data on employment, establishing backward and forward linkages and consolidating impacts.

Mr. Baffuor-Awuah said the committee should achieve a national employment target, a sector employment target, commission an impact assessment of key government policies, establish a sector employment task force and , if necessary, appoint a sub-committee to carry out specific tasks to be examined. members.

Often he said that the focus was on the public sector when it came to employment, while each section of the public space had a link to the private sector.

The cost of the committee should be covered by the budget allocated for the implementation of component 3.3 of the Ghana Jobs and Skills Project sponsored by the World Bank and an annual budget allocation would also be allocated to the ministry to support operations. of the committee.

Mr. Dode Seidu, a Frontier Market Advisor, in an overview of employment interventions and the need for coordination, said that according to the World Bank, the employment scene in Ghana was uncoordinated and fragmented , with overlapping mandates of stakeholder institutions.

A lack of synergy has limited the effectiveness, efficiency and overall impact of programming, he said. He explained that job creation was multi-sectoral as no single institution, agency or sector could create jobs on its own.

Without coordination, Seidu said all job creation efforts may not have a meaningful impact and it makes data readily available to help with policy-making, education planning, career guidance and the development of business strategies. Dr. Kenneth Ashigbey, Chief Executive of the Ghana Telecommunications Chamber, who represented the Federation of Private Enterprises at the inauguration ceremony, implored the public and private sectors to work in harmony while using technology as the primary tool.

Speaking on the informal sector and how it has met with little or no recognition in the world of work, he said: “We as a people need political intervention and a paradigm shift towards the sector.

We need to start thinking about them differently to address the shortcomings that exist within the sector because they create the most job opportunities for our people.”

The advent of big data, artificial intelligence and digitalization, said Dr Ashigbey, gave the task force the opportunity to position itself well where it had been placed by the economy.

“Let’s make the informal sector ‘sexy’ so that people finish their studies and want to enter these sectors because they know they can create opportunities there for others to contribute effectively to economic growth” , he advised.

Dr Ashigbey said some actors in the informal sector do not contribute to taxation because of how society has perceived them in the past, adding: “We should look at them well and structure policy interventions and guidance in a way to maximize the impact on both the economy and the individual Ghanaian.