Audio By Carbonatix
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.Â
Latest Stories
-
Barcelona move a dream for Gordon ‘since he was three’
2 hours -
US judge orders Trump’s name be removed from Kennedy Center
2 hours -
Multiple artists drop out of US Freedom 250 concert
2 hours -
Trump holds meeting to make ‘final determination’ on Iran deal
2 hours -
All 6 MPC members voted for policy rate hold of 14%, citing inflation outlook concerns
2 hours -
Arsenal’s Timber fit to start Champions League final
3 hours -
Real Madrid named football’s most valuable club
4 hours -
The Visionary Rhythms Band to share their story on E Vibes this weekend
4 hours -
Nana Ajoa Amowah II distributes sanitary pads; champions fight against menstrual stigma
4 hours -
Newsfile to discuss NITA Bill, xenophobia concerns and 2023 African Games
4 hours -
Ghana farmers’ burning practices fuel growing air pollution and environmental crises
4 hours -
Unrivalled thrills, unmissable action: An epic sporting weekend
4 hours -
Mfantsipim launches 150th Anniversary Awards and Fundraising Dinner
4 hours -
TreeAid Ghana in partnership with Nviron Hive launch land restoration and livelihood project
5 hours -
Ashanti Region GJA urges journalists to protect ethics and public trust above politics
5 hours