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The NDPC, as a Ghanaian state agency, was established solely to work closely with every President of the Fourth republic of Ghana.The commission is mandated to make provisions for coordinated program of Economic and Social Development policies, which the President of Ghana under the constitution is required to submit to parliament within two years.
At the moment, a number of institutions exist to supervise and regulate water supply and sanitation. The policy framework is based on the Ghana Poverty Reduction Strategy (GPRS). [53] General water sector policies for both rural and urban areas are set by the Water Directorate within the Ministry of Water Resources, Works and Housing (MWRWH).
Poverty Reduction Strategy Papers (PRSPs) are documents required by the International Monetary Fund (IMF) and World Bank before a country can be considered for debt relief within the Heavily Indebted Poor Countries (HIPC) initiative. [1] [2] PRSPs are also required before low-income countries can receive aid from most major donors and lenders. [2]
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]
Examples of such policies and programmes include the National Vision of Socio-Economic Development which is required by the 1992 Constitution, the economic management programme, the Poverty Reduction Strategies and the ongoing decentralization policy. The department's policy is to:
One of PRGF's goals is to ensure that impoverished nations re-channel the government funds freed from debt repayment into poverty-reduction programs. To that end, each country's PRGF program is modeled around a Poverty Reduction Strategy Paper (PRSP). PRSPs describe the macroeconomic, structural, and social programs that a country will follow ...
For the poorest developing countries in the world, the bank's assistance plans are based on poverty reduction strategies; by combining an analysis of local groups with an analysis of the country's financial and economic situation the World Bank develops a plan pertaining to the country in question. The government then identifies the country's ...
Agriculture in Ghana is recognised as the mainstay of the economy and has a greater impact on poverty reduction than other sectors. It is also critical for rural development and associated cultural values, social stabilisation, environmental sustainability, and buffering during economic shocks.