Poor roads, crashes cost Ghana $4.55bn annually – World Bank
Ghana loses more than $4.55 billion in revenue annually through poor road networks, road crashes and traffic congestion, the World Bank’s latest report has revealed. The amount, contained in the 10th Ghana Economic Update, represents about 2.1 per cent of the country’s Gross Domestic Product (GDP), highlighting the heavy economic cost of weaknesses in the … The post Poor roads, crashes cost Ghana…
According to the World Bank's latest report, Ghana's poor road networks, road crashes and traffic congestion result in an annual loss of over $4.55 billion. This figure represents approximately 2.1% of the country's Gross Domestic Product (GDP), underscoring the substantial economic impact of the transport sector's shortcomings.
Dr Robert Taliercio, the World Bank Division Director for Ghana, Liberia and Sierra Leone, underscored during the report's launch that road safety incidents alone incur a cost equivalent to 2.1% of Ghana's GDP annually.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
