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Despite these improvements, poverty is still extremely high within the country. [1] Based on the most recent data from 2019, 68.7% of the population is affected by multidimensional poverty and an additional 18.4% vulnerable to it. [2] One of the leading factors in driving down poverty was the expansion of the agricultural sector. [1]
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]
The table below presents the latest Human Development Index (HDI) for countries in Africa as included in the United Nations Development Programme's Human Development Report, released on 13 March 2024 and based on data collected in 2024. [1] As of 2024, all African UN member states are included in the report.
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."
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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.
ETUC expects the number of people experiencing “holiday poverty” to rise further in 2023 as real wages across Europe decline while the cost-of-living crisis presses on. If history is any hint ...
One of the leading factors in driving down poverty was the expansion of the agricultural sector. [80] Poor farmers have been able to set higher food prices to increase their sales and revenue, but this expansion has come at a cost to the poorest citizens of the country, as they could not afford the higher priced food. [80]