Ghana An overview

Ghana - Facts Population: 27 409 893 (2015) Population density (per sq. Km.): 109 Capital: Accra Currency : Cedi (¢) HDI index: 0,579; Rank: 139

Total population (Source: World Bank, 2017)

Economic statistics: GDP per capita (Source: World Bank, 2017)

Annual GDP per capita growth (Source: World Bank, 2017)

Mean income ($/month) Source: World Bank; Povcal, 2017

Poverty measures Source: World Bank, 2017

Poverty measures Source: World Bank, 2017

Poverty measures Source: World Bank, 2017

Inequality measures Source: World Bank, 2017

Conclusions Mean income has risen from 83,02 (1987) to 131,42 (2005) All the different poverty measures ha been reduced in the time period of (1987-2005) Inequality measured by the GINI index has risen from 35,35 (1987) to 42,77 (2005)

Policy recommendation Table B3.1a Country Period Headct. Pov. Grth. Income Elasticity Inequality Elasticity Ghana 1998-2006 -4.33 -6.49 1.84 -4.65 Poverty has been significantly reduced in the above time period. Income elasticity has the most effect on reducing Headcount poverty Inequality elasticity has a positive effect on poverty, so it’s not reducing poverty in 1998-2006.

Policy recommendation Most important aspect of poverty reduction is the growth of income. Inequality has risen a little bit and has also negative impact on the poverty reduction. Importance of governance

References http://thecommonwealth.org/our-member- countries/ghana/economy http://iresearch.worldbank.org/povcalnet/povOnDemand.aspx http://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?end=2015&l ocations=GH&name_desc=true&start=1990