Journal of Information Technology & Software Engineering
Open Access

Abstract

Forex Trading as an Information Technology Tool to Mitigate Rising Unemployment in Ghana

Justice Aning*, Afful Ekow Kelly, John Kwao Dawson and Agyenang Babu Benjamin

Youth unemployment in Ghana is exceptionally high, with negative psychological, social, occupational and financial consequences. The focus of this paper is on the causes and consequences of youth unemployment in Ghana. In addition, the paper discusses forex trading as a Technical and Vocational Education and Training Programme (TVET) in Ghana. Conclusions were reached and recommendations was made on how TVET can help reduce youth unemployment in Ghana, including the following: Graduates of the programs should be encouraged to start their businesses by providing them with soft loans and or microcredit. Furthermore, suppose the expected outcome of employment creation is to be achieved. In that case, forex trading must be introduced as part of a technical and vocational educational course. National service personnel must go through during their service time so that unemployment can be reduced. With the global economic outlook being grim, I can only see things getting worse for our Ghanaian youth, which is why knowledge-based academic credentials must give way to skills-based training like forex trading.

Published Date: 2021-12-14; Received Date: 2021-11-23