Tuesday, September 02, 2014

Ghana Halves Poverty by 50% Since 1992

The number of people living in poverty in Ghana halved between 1992 and 2013, the government said Friday, with the country meeting a key developmental benchmark even as its economy struggles.

Just under a quarter, or 24.2 percent, of Ghanaians were living in poverty in 2013 compared to 51.7 percent in 1992, new data from the national statistics body showed.

The figures were based on Ghana's own measure of poverty which for 2013 counted individuals living on less than 3.60 cedis -- equivalent last year to an average of $2.34 or 2.21 euros -- a day.

The UN measure for poverty counts those living on an even smaller amount, of less than $1.25 per day.

By halving the poverty rate, Ghana becomes one of the few African countries to achieve the first of the United Nations Millennium Development Goals, a set of benchmarks that developing countries are aiming to meet by next year.

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