Mahama's 120 Days: 25% of Population Living on Less Than 30 Cedis a Day - IERPP Survey

A recent survey conducted by the Institute of Economic Research and Public Policy (IERPP), citing World Bank findings, has revealed that approximately 25% of Ghana’s population lives on less than 30 cedis a day This stark reality highlights the pressing issue of poverty in the country.

Dr. Frank Bannor, a senior research fellow speaking at an IERPP press conference, warned that if social interventions are not accelerated, Ghana risks reversing the economic growth achieved in previous fiscal years. The rising cost of living, particularly food prices, has exacerbated the situation.

Dr. Bannor emphasized the importance of targeted programs to mitigate the challenges faced by the poor and vulnerable. “If you really want to mitigate the suffering of people, 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. By doing so, Ghana can work towards sustainable economic growth and improved living standards for its citizens.