Poverty Reduction in Ghana: Progress and Challenges

Ghana’s strong economic growth in the past two decades helped cut the country’s poverty rate in half, from 52.6% to 21.4% between 1991 and 2012. This is based on Ghana’s national poverty line. But according to the newly released “Poverty Reduction in Ghana: Progress and Challenges,” report, sustained poverty reduction requires a commitment to reducing inequality and improving access to opportunities for all citizens.

A more diversified economy and better educated skilled labor has driven growth, but growing inequality in consumption, regional disparities and a deteriorating macroeconomic environment pose challenges. Policies to stimulate the private sector, improve infrastructure and improve access to opportunities can consolidate Ghana’s middle income status.

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Source & Copyright: World Bank