Ghana’s poverty rate drops

File Photo of a family in rural Ghana

Ghana’s poverty rate has reduced from 53% in 1991 to 25% in 2012 according to a World Bank report.

The report showed that provision of roads and electricity was key to poverty reduction, also finding that that Ghanaians in the agriculture sector were poor yet their counterparts in the private sector accumulated wealth.

While the World Bank’s Country Partnership Framework is due in 2019, Tomomi Tanaka; contributor to the report and a geospatial analyst, noted the three regions in northern Ghana had seen an improvement in their lives with the country meeting the Millennium Development Goals (MDGs) 1.

She said roll out of infrastructural projects, electricity and good roads helps lift folks out of poverty while droughts and soil degradation wreak havoc on the population.

Ghana is projected to be part of upper-middle income countries in 20 years. Upper-middle income countries have a per capita GDP of between 3,500 to 7,000 with countries; Algeria, Belarus, Colombia, Dominican Republic, Ecuador, Jordan, Paraguay and Peru attaining the status.

Ghana, the study says can further reduce poverty rate in 25 years.

Spatial analysis is an approach to applying statistical analysis and other analytic techniques to data which has a geographical or spatial aspect.

By: Michael Eli Dokosi/goldstreetbusiness.com