At the lower-middle-income level, the poverty rate in Ghana was forecast at 26.8 percent in 2021, meaning this share of the population lived up on 3.20 U.S. dollars per day. Considering the upper-middle-income level, at 5.50 U.S. dollars per day, the poverty rate was forecast at 51.7 percent. The values changed slightly compared to the previous years in analysis. This means that the rate of poverty in Ghana was not expected to experience drastic changes in the years following 2019. The coronavirus (COVID-19) pandemic and its impact on economic activities could be attributed to the unimproved poverty levels registered in the country.
Middle-income poverty rate in Ghana from 2017 to 2022, by level
The lower middle-income poverty rate is based on the poverty line of 2011 PPP (purchasing power parity) equaling 3.2 U.S. dollars per person per day.
The lower middle-income poverty rate is based on the poverty line of 2011 PPP (purchasing power parity) equaling 5.5 U.S. dollars per person per day
The source adds the following information: "Calculations based on 2016-GLSS-VII. Projection using neutral distribution (2016) with pass-through = 0.7 based on GDP per capita in constant LCU. Actual data: 2016. Nowcast: 2017-2019. Forecast are from 2020 to 2022"
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World Bank. (October 16, 2020). Middle-income poverty rate in Ghana from 2017 to 2022, by level [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1221864/middle-income-poverty-rate-in-ghana-by-level/
World Bank. "Middle-income poverty rate in Ghana from 2017 to 2022, by level." Chart. October 16, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1221864/middle-income-poverty-rate-in-ghana-by-level/
World Bank. (2020). Middle-income poverty rate in Ghana from 2017 to 2022, by level. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1221864/middle-income-poverty-rate-in-ghana-by-level/
World Bank. "Middle-income Poverty Rate in Ghana from 2017 to 2022, by Level." Statista, Statista Inc., 16 Oct 2020, https://www.statista.com/statistics/1221864/middle-income-poverty-rate-in-ghana-by-level/
World Bank, Middle-income poverty rate in Ghana from 2017 to 2022, by level Statista, https://www.statista.com/statistics/1221864/middle-income-poverty-rate-in-ghana-by-level/ (last visited November 21, 2024)
Middle-income poverty rate in Ghana from 2017 to 2022, by level [Graph], World Bank, October 16, 2020. [Online]. Available: https://www.statista.com/statistics/1221864/middle-income-poverty-rate-in-ghana-by-level/
