The Labour Market in Ghana: Continuity and Change in The Fourth Republic (1992–2016)

Abstract

The labour market in any economy links the labour supply by workers to the demand of labour by employers through the wage rate. Through this mechanism, wage workers are allocated to the various sectors of the economy for the production of goods and services to satisfy human wants. Favourable institutional arrangements for wage workers in the labour market lead to high levels of productivity which results in high economic growth hence high standards of living. This paper seeks to examine the changes in the labour market for the period 1992 to 2016 that were occasioned by legislations during the period. It further analysis the effectiveness of the enacted legislations in reducing disputes in the labour market. The authors employed qualitative research strategy based on the use of both primary and secondary sources for the study to provide a historical narrative about links between labour supply and labour demand and how the linkage has been managed using statutes