Skip to main content

Africa’s economies must restructure to address inequality and unemployment – Raila Odinga


Candidate for the African Union Commission Chairperson position in the 2025 elections and a former Prime Minister of Kenya, Raila Odinga, has called for a restructuring of the Africa’s economies, stressing the need to address deep-seated inequality and rising unemployment.

Raila Odinga wants inclusive policies designed that promote job creation and reduce systemic inequalities.

Speaking at the opening ceremony of the 45th Session of the Organisation of the African Trade Union Unity (OATUU) Council Meeting in Accra, Raila Odinga said Africa must avoid an economic system which disproportionately favors small elite while leaving the majority, particularly the working class, in perpetual struggle.

Citing an African Development Bank report which indicated that Africa will account for eleven of the world’s 20 fastest-growing economies this year and set to remain the second-fastest-growing region after Asia ,the former Kenyan Prime Minister called for an all inclusive economy that benefits all.

Despite the positive trajectory however, Africa is at a crossroads. Our unemployment rate of 6.3 per cent is unsustainable. The informal sector constitutes 83.1 per cent of the economy, another unsustainable reality. Working poverty – the proportion of the employed population living in poverty despite being employed-stands at 29 per cent on the continent.

“Our work is therefore cut out for us. We have to create jobs for those looking for work. We have to begin the business of manufacturing in Africa and create good middle-class jobs. But it is not just about the middle class. We have to restructure our economies to avoid a situation in which a few people at the top do extremely well while ordinary workers struggle at the bottom and see their wages stagnate at unhelpful levels.

So we have the challenge of ensuring that as Africa takes a positive economic trajectory, everybody is participating in and benefitting from growth. That means ensuring that everybody who works hard gets paid a decent wage with decent benefits and that employers and investors are given the right environment to get fair returns from their investment,” Raila Odinga said.

Secretary-General of the Trades Union Congress (TUC) Ghana, Joshua Ansah, on his part called on African governments to intensify efforts to create decent work environments, ensure fair compensation, and provide robust social protection for workers across the continent.

As we convene today, we’re reminded of the immense challenges facing African workers. The scourge of poverty, inequality, and exploitation continues to afflict our communities. Climate change, precarious work, and limited access to social protections threaten the very fabric of our societies. Yet, we remain resolute in our pursuit of a better future for all. In our quest for social justice, we must focus on decent work and fair wages, ensuring that all workers enjoy safe working conditions, fair compensation, and social protections,” he emphasized.

Comments

Popular posts from this blog

UK-Ghana Trade & Investment Summit: Trade Resource Centre to help businesses maximise UK-Ghana trade opportunities

 In a significant boost to UK-Ghana trade and investment relations, the UK-Ghana Chamber of Commerce (UKGCC), in partnership with the UK-Ghana Jobs and Economic Transformation (JET) Programme, has launched the UK-Ghana Trade Resource Centre, a practical market-access platform designed to help businesses identify opportunities, navigate export requirements and build commercial partnerships between Ghana and the United Kingdom. The UK and Ghana enjoy strong trade relations, with total bilateral trade reaching approximately £1.6 billion in the year to Q1 2026. Yet, despite this progress, significant untapped opportunities remain for businesses in both countries. The Trade Resource Centre has been established to help bridge information gaps, connect businesses with the right partners, and support firms to take greater advantage of opportunities under the UK-Ghana Trade Partnership Agreement. The launch formed one of the major outcomes of the UK-Ghana Trade & Investment Summit 2026,...

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

 NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...