In 2023, around 2.99 million people in Ghana lived in extreme poverty, the majority in rural areas. The count of people living on less than 1.90 U.S. dollars a day in rural regions reached around 2.8 million, while 214,000 extremely poor people were located in urban areas. Overall, within the period examined, the poverty incidence remained above two million in rural communities and between 200 thousand and 350 thousand in urban areas.

Ghana poverty rate for 2016 was 85.40%, a 0.9% decline from 2012.

<ul style='margin-top:20px;'>

<li>Ghana poverty rate for 2012 was <strong>86.30%</strong>, a <strong>7.8% decline</strong> from 2005.</li>
<li>Ghana poverty rate for 2005 was <strong>94.10%</strong>, a <strong>2% decline</strong> from 1998.</li>
<li>Ghana poverty rate for 1998 was <strong>96.10%</strong>, a <strong>2.2% decline</strong> from 1991.</li>
</ul>Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.

As of 2024, some 6.9 million people in Ghana lived in extreme poverty, with the poverty threshold at 2.15 U.S. dollars per day. This stood as an increase from the previous year when roughly 6.8 million people lived in the said state of poverty. In 2026, around 6.7 million Ghanaians are expected to live on a maximum of 2.15 U.S. dollars daily.

Poverty in the country is segregated

Indeed, poverty figures do not considerably vary when considering men and women apart. In 2024, around 3.5 million men lived in extreme poverty in Ghana, while the count reached roughly 3.3 million for women. On the other hand, in distinguishing the state of extreme poverty among rural and urban dwellers, the difference is striking, even when based on the previously set poverty line of 1.90 U.S. dollars per day. Overall, 1.1 percent of the world's population in extreme poverty lived in Ghana as of 2024.

Ghana's Private Wealth Position in Africa

Ghana is one of the African countries with the highest private wealth concentration, ranking 6th after Kenya as of 2021. That year, the country's total private wealth amounted to 59 billion U.S. dollars, corresponding to around 1,900 U.S. dollars per capita. Between 2011 and 2021, the total wealth held by individuals in Ghana increased, representing a higher growth in comparison to other African countries save five. Overall, the nation ranks 9th in Africa in terms of countries with high net-worth individuals.

The international poverty rate in Ghana as of 2021 was forecast at 11.3 percent, considering the 2011 poverty line set at 1.90 U.S. dollars. The same rate was forecast for 2022, which represented a slight increase compared to 2019, when the poverty rate was measured at 11.1 percent. Overall, no significant change in the population’s percentage living on up to 1.90 U.S. dollars per day was expected in the years following 2019. The coronavirus (COVID-19) pandemic and its impact on economic activities have contributed to the slowly-improving poverty levels registered in the country since that year.

Ghana Multidimensional Poverty Headcount Ratio: World Bank: % of total population data was reported at 32.800 % in 2016. This records a decrease from the previous number of 33.200 % for 2012. Ghana Multidimensional Poverty Headcount Ratio: World Bank: % of total population data is updated yearly, averaging 33.000 % from Dec 2012 (Median) to 2016, with 2 observations. The data reached an all-time high of 33.200 % in 2012 and a record low of 32.800 % in 2016. Ghana Multidimensional Poverty Headcount Ratio: World Bank: % of total population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Social: Poverty and Inequality. The multidimensional poverty headcount ratio (World Bank) is the percentage of a population living in poverty according to the World Bank's Multidimensional Poverty Measure. The Multidimensional Poverty Measure includes three dimensions – monetary poverty, education, and basic infrastructure services – to capture a more complete picture of poverty.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

GH: Poverty Headcount Ratio at National Poverty Lines: Rural: % of Rural Population data was reported at 37.900 % in 2012. This records a decrease from the previous number of 43.700 % for 2005. GH: Poverty Headcount Ratio at National Poverty Lines: Rural: % of Rural Population data is updated yearly, averaging 40.800 % from Dec 2005 (Median) to 2012, with 2 observations. The data reached an all-time high of 43.700 % in 2005 and a record low of 37.900 % in 2012. GH: Poverty Headcount Ratio at National Poverty Lines: Rural: % of Rural Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank: Poverty. Rural poverty headcount ratio is the percentage of the rural population living below the national poverty lines.; ; World Bank, Global Poverty Working Group. Data are compiled from official government sources or are computed by World Bank staff using national (i.e. country–specific) poverty lines.; ; This series only includes estimates that to the best of our knowledge are reasonably comparable over time for a country. Due to differences in estimation methodologies and poverty lines, estimates should not be compared across countries.

Ghana: Poverty, percent of population: The latest value from 2016 is 23.4 percent, a decline from 24.2 percent in 2012. In comparison, the world average is 23.41 percent, based on data from 56 countries. Historically, the average for Ghana from 2005 to 2016 is 26.5 percent. The minimum value, 23.4 percent, was reached in 2016 while the maximum of 31.9 percent was recorded in 2005.

Ghana GH: Poverty Gap at National Poverty Lines: % data was reported at 7.800 % in 2012. This records a decrease from the previous number of 11.000 % for 2005. Ghana GH: Poverty Gap at National Poverty Lines: % data is updated yearly, averaging 9.400 % from Dec 2005 (Median) to 2012, with 2 observations. The data reached an all-time high of 11.000 % in 2005 and a record low of 7.800 % in 2012. Ghana GH: Poverty Gap at National Poverty Lines: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank: Poverty. Poverty gap at national poverty lines is the mean shortfall from the poverty lines (counting the nonpoor as having zero shortfall) as a percentage of the poverty lines. This measure reflects the depth of poverty as well as its incidence.; ; World Bank, Global Poverty Working Group. Data are compiled from official government sources or are computed by World Bank staff using national (i.e. country–specific) poverty lines.; ; This series only includes estimates that to the best of our knowledge are reasonably comparable over time for a country. Due to differences in estimation methodologies and poverty lines, estimates should not be compared across countries.

In 2023, nine percent of the population in Ghana lived in extreme poverty, with the poverty threshold at 1.90 U.S. dollars a day. The share was equivalent to nearly three million people. By 2025, the extreme poverty rate is projected to decrease to eight percent.

After the return to democracy, Ghana achieved significant economic growth and poverty reduction. However, in recent years, the rate of poverty reduction has slowed, becoming insignificant after 2012. The largest reduction in poverty, 2 percent per year, was reached from 1991–1998. Subsequently, the rate of decline fell to 1.4 percent in 1998–2005, 1.1 percent in 2005–2012, and dropped to 0.2 percent per year between 2012 and 2016. The slowdown in poverty reduction was not due to a reduction in GDP per capita growth, which peaked between 2005 and 2012 and remained high between 2012 and 2016. Rather, it was due to a drop in the rate to which economic growth translated into poverty reduction. The growth elasticity of poverty (percentage reduction in poverty associated for every one percentage change in GDP per capita) was 1.2 between 1991 and 1998 but declined to less than 0.1 between 2012 and 2016, indicating a 1 percent increase in GDP per capita led to less than 0.1 percent reduction in poverty.

In 2024, an estimated 6.9 million people in Ghana lived in extreme poverty, the majority being the male population. The number of men in the country living on less than 2.15 U.S. dollars a day reached around 3.5 million, while the count was at 3.3 million for women. Overall, 1.1 percent of the global population in extreme poverty was found in Ghana as of 2024.

Ghana’s Multidimensional Poverty Index (MPI), which complements the monetary poverty by providing an assessment of deprivation of basic survival needs.

Ghana GH: Poverty Gap at $3.20 a Day: 2011 PPP: % data was reported at 11.100 % in 2012. This records a decrease from the previous number of 20.100 % for 2005. Ghana GH: Poverty Gap at $3.20 a Day: 2011 PPP: % data is updated yearly, averaging 30.400 % from Dec 1987 (Median) to 2012, with 6 observations. The data reached an all-time high of 37.500 % in 1991 and a record low of 11.100 % in 2012. Ghana GH: Poverty Gap at $3.20 a Day: 2011 PPP: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Poverty. Poverty gap at $3.20 a day (2011 PPP) is the mean shortfall in income or consumption from the poverty line $3.20 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. The aggregated numbers for low- and middle-income countries correspond to the totals of 6 regions in PovcalNet, which include low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia). See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

This report consists of four chapters. Chapter one profiles the trends in household consumption and poverty rates, and in the characteristics of the poor observed between 1991 and 2012. Descriptive statistics of consumption and selected poverty indexes are presented and a profile of the characteristics of the poor is given. The chapter concludes with an analysis of vulnerability. Chapter two uses descriptive and econometric techniques to identify the drivers of Ghana’s success over the last two decades. Chapter three examines the main challenges Ghana continues to face: widening inequalities, a persistent spatial divide, and the deteriorating macroeconomic environment. Chapter four provides a roadmap for policy action to effectively address these challenges and consolidate Ghana’s success as a middle-income economy.

Ghana GH: Income Share Held by Highest 10% data was reported at 31.700 % in 2012. This records a decrease from the previous number of 32.700 % for 2005. Ghana GH: Income Share Held by Highest 10% data is updated yearly, averaging 29.850 % from Dec 1987 (Median) to 2012, with 6 observations. The data reached an all-time high of 32.700 % in 2005 and a record low of 27.300 % in 1987. Ghana GH: Income Share Held by Highest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

The data is on political, economic and social inequalities in Ghana and how its prevalence can impedes the development of prosperous and harmonious society.

As of 2023, nearly three million people in Ghana lived in extreme poverty, with the poverty threshold at 1.90 U.S. dollars a day. This stood as a decrease from the previous year, when over three million people lived in the said state of poverty. The headcount was expected to keep the declining trend by 2025, when around 2.8 million Ghanaians might live on a maximum of 1.90 U.S. dollars per day.

Ghana GH: Poverty Headcount Ratio at National Poverty Lines: Urban: % of Urban Population data was reported at 10.600 % in 2012. This records a decrease from the previous number of 12.400 % for 2005. Ghana GH: Poverty Headcount Ratio at National Poverty Lines: Urban: % of Urban Population data is updated yearly, averaging 11.500 % from Dec 2005 (Median) to 2012, with 2 observations. The data reached an all-time high of 12.400 % in 2005 and a record low of 10.600 % in 2012. Ghana GH: Poverty Headcount Ratio at National Poverty Lines: Urban: % of Urban Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank: Poverty. Urban poverty headcount ratio is the percentage of the urban population living below the national poverty lines.; ; World Bank, Global Poverty Working Group. Data are compiled from official government sources or are computed by World Bank staff using national (i.e. country–specific) poverty lines.; ; This series only includes estimates that to the best of our knowledge are reasonably comparable over time for a country. Due to differences in estimation methodologies and poverty lines, estimates should not be compared across countries.

Ghana: Poverty ratio, percent living on less than 1.90 USD a day: Pour cet indicateur, La Banque mondiale fournit des données pour la Ghana de 1987 à 2016. La valeur moyenne pour Ghana pendant cette période était de 46.96 pour cent avec un minimum de 25.2 pour cent en 2016 et un maximum de 64.2 pour cent en 1991.

This spreadsheet contains the data extracted from questionnaires administered for the study on the topic "FINANCIAL INCLUSION AND HOUSEHOLD POVERTY: EVIDENCE FROM THE RURAL WA WEST DISTRICT OF GHANA".

This data contains responses from 358 households statistically selected from a population of 23,615 households representing 222 communities within 5 area councils across Wa West District of the Upper West Region of Ghana. Wa West District is located in the western part of the region and shares physical boundaries with Nadowli-Kaleo District to the North, Sawla-Tuna-Kalba District to the South, Wa Municipal to the East, and the Republic of Burkina Faso to the West.

The data is collected on; (i) Respondent/ Hosehold Demographics (ii) Ownership and usage of account (iii) Frequency of Savings (iv) Withdrawals (v) Access to and usage of Credit (vi) Access to and usage Insurance (vii) Financial Advice (viii) Household Consumption Expenditure (ix)Advancing Financial Inclusion to Reduce Poverty.

The questionnaire designed and used for the study is attached to the data.