World Bank’s report that 56.4% of Ghanaians are in poverty is worrying; act on it – Kpebu tells Mahama

A recent report from the World Bank indicates that 56.4 percent of people in Ghana remain in poverty. The figure comes despite recent economic growth recorded across the country.

The international financial institution released the findings as part of its ongoing monitoring of national economic performance and living standards. The data shows a persistent gap between national economic expansion and household poverty levels.

Economic growth usually brings expectations of improved living conditions and lower poverty rates. However, the World Bank data demonstrates that national financial gains have not translated into widespread relief for a majority of the population.

Legal practitioners, civic leaders, and political figures have frequently urged government leaders to address figures published by global institutions. The disparity between reported economic growth and daily financial struggles remains a major point of discussion among policymakers.

The World Bank assesses poverty using specific income thresholds

Source: 3News