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Economic and educational reform policies in Ghana have adversely affected the informal sector where most technical and vocational education and training (TVET) graduates seek employment and income. This situation has prompted reform of the TVET system aimed at employment creation through self-employment, income-generation and poverty alleviation. In this chapter, the author examines how this reform may reduce poverty and unemployment among vocational education and training graduates. A brief survey of the consequences of economic and educational reforms for vocational graduates is presented. The author then analyses the new competency-based policy along with research into the vocational experiences of graduates and suggests that the new training policies and reforms are addressing the right issues. However, challenges related to the quality of training, the development of a demand-driven strategy in terms of the output of graduates, and post-training support mechanisms, must be overcome to ensure the relevance of training to labour market needs.