Skills and knowledge are the driving forces of economic growth and social development for any country. Countries with higher and better levels of skills adjust more effectively to the challenges and opportunities of world of work.
Skill development is one of the essential ingredients for Ghana’s future economic growth as the country transforms into a diversified and internationally-competitive economy. Skill development is going to be the defining element in Ghana’s growth story.
Job creation and skills development transfer competitiveness of employees in businesses hence creating new innovations. This is especially useful in the technology industry,
which faces constant improvements and new innovations and thus encourages transfer of skills among new and older employees. This transfer of skills results in acquisition of knowledge in critical matters and thus enhances technology that leads to development in businesses.
There is variety of programmes available to instill in the youth necessary skills for the job market. The training provided to develop work skills in youth is vital for the development of youth leaders, who are useful to businesses in terms of new innovations. Additionally, it is a recovery strategy to develop and support troubled youth, such as juvenile offenders, drug abusers, and teen parents.
Skills training transfer leads to development of informal apprenticeship, which individuals learn on-the-job and share experiences and new ideas. This should be an addition to formal training, thus building entrepreneurial skills and effectively preparing prospective candidates for other job market.