About 25% of Ghanaians are below the poverty line - Statistical Service report
Business & Economy section is brought to you by Jiji.gh — #1 Ghanaian online marketplace
Visit website

About 25% of Ghanaians are below the poverty line - Statistical Service report

According to a survey by the Ghana Statistical Service (GSS), close to 7 million Ghanaians cannot afford $1 or GHC 4.8 a day.

The Ghana Statistical Service (GSS) has released a report on the story poverty and inequality in the country. According to the conclusions of the report, about 25% of the population (about 6.8 million people) cannot afford GHC 4.8.

The report was titled "Trends on Poverty and Inequality". It states that about 2.4 million are rated as extremely poor because they cannot afford to spend GHC 2.69 on a daily basis.

The idea to gauge the minimum daily spending at GHC 4.8 is an adjustment for the dollar to cedi rate. Ghanaian authorities and most other governments measure poverty by people's ability to spend a dollar a day.

READ ALSO: Accra Mall to explode in fuel tanker explosion on September 20 - Eagle Prophet warns

The period taken under review in the report were the years 2016 and 2017.

This means that the lot of Ghanaians falling below the poverty line cannot afford GHC 1,760 a year. To put this into a social context, these people cannot afford the iPhone model of two years ago even if it had to take them the whole of this year.

The report also cites that: "The three northern regions contribute more than 40 per cent to national poverty. In Ghana, growth has remained the engine of poverty reduction.

In the absence of inequality, poverty reduction will have been larger."

READ ALSO: I married Dr Kweku Oteng out of love and his humility – Akua GMB

While the Upper West Region was cited as the poorest, the Greater Accra Region is seen as the place with the least amount of poor people.

Ghana News Today: Kofi Annan Burial Ceremony | Yen.com.gh

Subscribe to watch new videos

Your stories and photos are always welcome. Get interactive via our Facebook page.

Source: Yen.com.gh

Mailfire view pixel