Editta Milani

WEBS: Axis Human Capital Group Supports Ghana’s ContinuedGrowth

Webs| Ghana, Africa - AxisHuman Capital, a recruitment group based in Africa, supports Ghana’scontinued growth and development in its economy.

According to the African EconomicOutlook, the country remains positive with projected GDP growth of 8.3%.Moreover, Ghana’s government statistics added that the value of goods andservices produced in the 3rd quarter of 2014 grew by 0.7% compared to the 2ndquarter of 2014.

The growth drivers of 2014 are the following:

· Livestock – 17.9%

· Finance and Insurance Activities – 6.4%

· Fishing – 6.4%

· Electricity - 6.4%

Africa’s growth and developmentincreased by 5.1% in the 3rd quarter of 2014 compared to the review of data in2013. The Industry sector recorded the highest growth of 8.1%, the AgricultureSector followed with 4.4%, while Services recorded a growth rate of 3.5%.

This may be the reason thatTrading Economics data in 2014 states that in the three months to September,quarterly changes reflect an increase in employment and decrease inunemployment rate. Increases in employment were observed in both the formal andthe informal sectors. Employment increased by 16,000 in the Agriculturalindustry. Compared to a year earlier, employmentincreased by 81,000.

Just like in Jakarta, Indonesia,Kuala Lumpur in Malaysia and Hong Kong, which have now been reported toincrease in their employment rate, this is largely due to increases in theformal and the informal sectors that grew by 134,000 and 85,000 jobsrespectively in third quarter of 2014.

Although Africa, as a whole,still remained to be recorded to have the highest unemployment rate in theworld, Ghana’s development has triggered hope among its fellow Africancountries in the possibility of slow growth towards economic success. Afterall, the continent is home to a third of planet’s mineral reserves, a tenth ofthe oil and it produces two-thirds of the diamonds. Investors have believedthat the contine