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In January 2021, the GSS published a report called the 'Multi-dimensional Poverty-Ghana'. In this report, a decline in the incidence of poverty and also extreme poverty was found. This made Ghana the first country in sub-Saharan Africa to "achieve the MDGs target of halving extreme poverty in 2006 way ahead of the global deadline of 2015". [22]
According to World Bank, "Poverty headcount ratio at a defined value a day is the percentage of the population living on less than that value a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions."
Poverty in Africa is the lack of provision to satisfy the basic human needs of certain people in Africa. African nations typically fall toward the bottom of any list measuring small size economic activity, such as income per capita or GDP per capita, despite a wealth of natural resources.
Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [29] The country is also the second-largest cocoa producer (after Ivory Coast). [30] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.
The World Bank defines poverty in absolute terms. The bank defines extreme poverty as living on less than US$1.90 per day. [2] , and moderate poverty as less than $3.10 a day. It has been estimated that in 2008, 1.4 billion people had consumption levels below US$1.25 a day and 2.7 billion lived on less than $2 a day.
The causes of poverty may vary with respect to nation, region, and in comparison with other countries at the global level. Yet, there is a commonality amongst these causes. Philosophical perspectives and especially historical perspectives, including some factors at a micro and macro level can be considered in understanding these causes. [1]
Region based education inequality stems in part from region based poverty. For example, the Northern region in Ghana is the poorest, and also the most educationally deprived, with 61.6% of its population having received less than four years of education. [11] Gender inequality is also more stark when interplaying with other factors such as ...
The report finds that over the last 30 years poverty has been reduced for most of the world's population - but this is not the case for the estimated 1.5 billion people living in countries blighted by on-going conflict. Not one low income country suffering from on-going violence has achieved a single Millennium Development Goal. Once mass ...