The total number of private sector SSNIT contributors, which partially gauges employment conditions, improved by 2.7 percent to 1,007,341 in May 2024, according to the Bank of Ghana’s Monetary Policy Report.

This compares to 980,808 for the same period in 2023.

Cumulatively, for the first five months of 2024, the total number of private sector contributors increased by 4.8 percent to 5,063,676, from 4,829,487 recorded over the corresponding period in 2023, the report noted.

Additionally, the number of jobs advertised in selected print and online media, which partially gauges labor demand in the economy, remained largely unchanged in June 2024 compared to the same period a year ago.

In total, 2,968 job adverts were recorded, compared to 2,993 for the same period in 2023.

For the first half of 2024, the total number of advertised jobs increased by 2.4 percent to 17,278, from 16,866 recorded during the same period in 2023.