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Mercy
Mercy

Mercy

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MercyGraduate Teaching Assistant
Asked: September 13, 20202020-09-13T20:53:27+00:00 2020-09-13T20:53:27+00:00In: History

is ghana a poor country

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0%Yes
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People and other countries tag Ghana to be poor country. What is your opinion about that.

ghana
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    1. Mercy

      Mercy

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      Mercy Graduate Teaching Assistant
      2020-09-14T22:28:04+00:00Added an answer on September 14, 2020 at 10:28 pm
      is ghana a poor country

      is ghana a poor country

      Quite a few matches Ghana cannot be considered as a poor country. At about 42.7 billion. USD GDP and $ 4,200 per capita income (2016 rating), the economic recovery this year are planned to surpass the previous lower-middle-income economy, due to the huge increase in oil and gas production.

      In the construction and telecommunications sector. There are statistics that show that the middle class is growing exponentially.
      However, there may be poor shepherds in our cities, especially those living in poor asylum conditions and even homeless people.

      Rural people are good because most grow and are able to feed their families and sell their products for export. The UN definition of poor people can be wrong in Africa because many of these “poor” people live normal and comfortable lives, not just in rural life, but a lot of food, electricity, water, internet, but trust me when I say that these people are comfortable in their own way. Ghana cannot be considered poor because of its natural resources, from oil and gas reserves to gold, bauxite and agricultural products.

      Pretty up. Ghana’s economy is forecast to grow by 8.9 per cent this year, the World Bank reports. The economy seems to be in the hands of a wealthy government that has launched a number of important initiatives to not only help implement Ghana but also to improve the agricultural sector through food and employment programs and provide upper secondary education for all Ghanaians.

      This week, the key interest rate (borrowed by banks) was reduced from 20% to 18%, which is 200 basis points.

      All this refers to a rich economy. Industrialization is another thing that is taking shape in the country, and if the government has a “district, a factory” policy in place, Ghana will no longer be able to connect with countries like Malaysia and Singapore.

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