A recent survey by the Institute of Economic Research and Public Policy (IERPP) has revealed that approximately 25% of Ghana’s population lives on less than GHc30 a day, citing World Bank findings.
This stark reality highlights the pressing issue of poverty in the country.
Dr. Frank Bannor, Senior Research Fellow at IERPP, warned that if social interventions are not accelerated, Ghana risks reversing the economic growth achieved in previous years. The rising cost of living, particularly food prices, has exacerbated the situation.
Dr. Bannor emphasized the need for targeted programs to mitigate the challenges faced by the poor and vulnerable. “It’s crucial for the government to have targeted programs that address the specific needs of the poor and least privileged in society,” he said.
The IERPP’s findings serve as a wake-up call for policymakers to prioritize poverty reduction and implement effective social interventions to achieve sustainable economic growth and improved living standards for Ghanaians.
