Editorial: 56.4% Of Ghanaians Living In Poverty Is Unacceptable!
The World Bank dropped a bombshell last week, announcing that 56.4% of Ghanaians remain in poverty, which is more than half the country’s population. According to the Breton Wood institution, widening disparities across the regions point to a growing disconnect between Ghana’s headline economic performance and what ordinary households are actually living through. Speaking at […] The post…
Last week, the World Bank revealed that 56.4% of Ghanaians remain in poverty, exceeding half of the nation's population. This figure highlights the stark regional disparities and the disconnect between Ghana's impressive macroeconomic performance and the daily struggles of ordinary households. Dr Robert Taliercio O'Brien, the Bank's Division Director for Ghana, Liberia and Sierra Leone, bluntly stated this concerning statistic at the launch of the World Bank Group's 10th Ghana Economic Update.
While Ghana's economy has stabilized after years of high inflation, shared prosperity remains elusive. The World Bank's methodology differs from the Ghana Statistical Service's (GSS), which indicates a lower multidimensional poverty rate of 21.9% for Q3 2025. Despite this, Ghanaians still lack a long-term, cross-party development plan, with each government implementing its own agenda that ends upon the next election.
The Chronicle argues that this pattern of heavy reliance on external aid and fiscal mismanagement is problematic. While the government claims this time will be different, with spending discipline and a non-financing IMF programme, the Chronicle remains skeptical. Until tangible progress is made in reducing poverty rates, the Jubilee House's current celebrations of economic recovery appear premature.
Written by urgent.news from The Chronicle Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
