World Bank Reports Over Half of Ghanaians Still in Poverty Despite Economic Recovery

The World Bank states that 56.4 percent of Ghanaians remain in poverty despite recent economic growth. Officials note a clear gap between the high economic growth numbers and the actual living conditions of people across the country. They urge the nation to focus on creating more jobs to support the growing young population.

By ORPHEUS GRANT-ESSILFIE

Despite recent signs of economic recovery, 56.4 percent of Ghanaians still live in poverty. Robert R. Taliercio, the World Bank Division Director for Ghana, Liberia, and Sierra Leone, shared this data during the launch of the Tenth Ghana Economic Update in Accra.

Taliercio explained that the country has seen strong economic numbers recently. Ghana experienced a 6 percent economic growth in 2025, and that growth sped up to 6.4 percent during the first quarter of 2026. However, he pointed out that these positive numbers have not improved daily life for a large part of the population. He mentioned that the gap between different regions in the country is actually getting wider.

The World Bank director warned that this situation is a serious issue for the country. Ghana has a growing young population that needs jobs. Currently, the economic growth is happening in sectors that do not hire enough people to meet the demands of the labor market. Taliercio described this as a structural problem that needs quick action.

To fix this imbalance, Taliercio advised the nation to focus on new policies. These policies should create more jobs, boost productivity, and make sure that the benefits of economic growth reach all regions and households. He stressed that making the recovery inclusive and rich in job opportunities is the only way to maintain long term economic stability.