The Minister of Employment and Labour Relations, Ignatius Baffour Awuah has stated that a total of 11,657 jobs were lost following the outbreak of Coronavirus in the country.
According to Mr Awuah, results from a market survey of about 40,040 people, revealed that various institutions had reacted differently in an attempt to contain the economic impact of the pandemic on their businesses.
“The impact of Covid-19 resulted in 11,657 job losses representing 26.5% of workers that were interviewed. The incidence of job losses was highest among micro-sized enterprises, i.e 36% and lowest in large-scale establishments, 23%,” he said.
Some businesses opted to run shifts, others laid off casual workers or combined both measures and some still were forced to institute pay cuts in the salaries of their employees.
Speaking at a press briefing in Accra on Wednesday, he indicated that although there was no record of job losses in the public sector, many private sector employees had lost their jobs.
Mr Awuah explained that in some cases companies opted to reduce the salaries of its workers versus an outright redundancy.
The Minister stated that there was a 50% reduction in earnings in the entertainment and events industry by about 1,982 business.
However, he noted that the least affected were employees in the finance and shipping sub-sector.
A total of 16,685 out of the 44,040 (40%) workers surveyed suffered pay cuts. Workers in construction, entertainment, events and other sectors also suffered pay cuts.
However, he said about 2849 jobs, representing 24% of job losses, have been restored after the ease of Covid-19 restrictions.
Latest Stories
-
Paris 2024: Opening ceremony showcases grandiose celebration of French culture and diversity
3 hours -
Spectacular photos from the Paris 2024 opening ceremony
4 hours -
How decline of Indian vultures led to 500,000 human deaths
4 hours -
Paris 2024: Ghana rocks ‘fabulous fugu’ at olympics opening ceremony
4 hours -
Trust Hospital faces financial strain with rising debt levels – Auditor-General’s report
5 hours -
Electrochem lease: Allocate portions of land to Songor people – Resident demand
5 hours -
82 widows receive financial aid from Chayil Foundation
5 hours -
The silent struggles: Female journalists grapple with Ghana’s high cost of living
5 hours -
BoG yet to make any payment to Service Ghana Auto Group
5 hours -
‘Crushed Young’: The Multimedia Group, JL Properties surprise accident victim’s family with fully-furnished apartment
6 hours -
Asante Kotoko needs structure that would outlive any administration – Opoku Nti
7 hours -
JoyNews exposé on Customs officials demanding bribes airs on July 29
7 hours -
JoyNews Impact Maker Awardee ships first consignment of honey from Kwahu Afram Plains
8 hours -
Joint committee under fire over report on salt mining lease granted Electrochem
8 hours -
Life Lounge with Edem Knight-Tay: Don’t be beaten the third time
8 hours