Ghana Rising : Accelerating Economic Transformation and Creating Jobs
Ghana has been a rising growth star and a beacon of hope in West Africa. Strong economic growth over the past two decades led to a near doubling of GDP per capita, lifting the country through the threshold for middle-income status in 2011. GDP per...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/178001636617909989/Ghana-Rising-Accelerating-Economic-Transformation-and-Creating-Jobs http://hdl.handle.net/10986/36580 |
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okr-10986-365802021-11-17T05:10:44Z Ghana Rising : Accelerating Economic Transformation and Creating Jobs World Bank ECONOMIC GROWTH STRUCTURAL TRANSFORMATION POVERTY REDUCTION INCLUSIVE GROWTH TRADE SERVICES TRADE DIGITAL TECHNOLOGY MICROENTERPRISES DIGITAL INFRASTRUCTURE GROWTH DRIVERS ACCESS TO FINANCE REVENUE MOBILIZATION FISCAL MANAGEMENT CLIMATE INCENTIVES Ghana has been a rising growth star and a beacon of hope in West Africa. Strong economic growth over the past two decades led to a near doubling of GDP per capita, lifting the country through the threshold for middle-income status in 2011. GDP per capita grew by an average of 3 percent per year over the past two decades, putting Ghana in the top ten fastest growing countries in Sub-Saharan Africa (SSA). A rising tide has tended to lift all boats. Poverty rates more than halved between 1998 and 2016, and the extreme poverty rate declined from 36.0 percent in 1991 to 8.2 percent in 2016. The net primary school enrollment rate rose from 62.5 percent in 2000 to 86.0 percent in 2019. This progress has motivated the government’s goal to lift the country to high-income status by 2057. The focus of this Country Economic Memorandum (CEM) is to review options for Ghana to create enough higher quality jobs through economic transformation. Economic transformation, or inclusive productivity growth, occurs as people and resources shift from lower to higher productivity activities. It raises household incomes and living standards, thereby lifting people out of poverty. It can be achieved through the movement of workers and other resources between firms and sectors, or through workers staying within existing firms that benefit from within-firm productivity growth by adopting better technologies and capabilities. 2021-11-16T20:48:25Z 2021-11-16T20:48:25Z 2021-11-10 Report http://documents.worldbank.org/curated/undefined/178001636617909989/Ghana-Rising-Accelerating-Economic-Transformation-and-Creating-Jobs http://hdl.handle.net/10986/36580 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum Africa Africa Western and Central (AFW) Ghana |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH STRUCTURAL TRANSFORMATION POVERTY REDUCTION INCLUSIVE GROWTH TRADE SERVICES TRADE DIGITAL TECHNOLOGY MICROENTERPRISES DIGITAL INFRASTRUCTURE GROWTH DRIVERS ACCESS TO FINANCE REVENUE MOBILIZATION FISCAL MANAGEMENT CLIMATE INCENTIVES |
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ECONOMIC GROWTH STRUCTURAL TRANSFORMATION POVERTY REDUCTION INCLUSIVE GROWTH TRADE SERVICES TRADE DIGITAL TECHNOLOGY MICROENTERPRISES DIGITAL INFRASTRUCTURE GROWTH DRIVERS ACCESS TO FINANCE REVENUE MOBILIZATION FISCAL MANAGEMENT CLIMATE INCENTIVES World Bank Ghana Rising : Accelerating Economic Transformation and Creating Jobs |
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Africa Africa Western and Central (AFW) Ghana |
| description |
Ghana has been a rising growth star
and a beacon of hope in West Africa. Strong economic growth
over the past two decades led to a near doubling of GDP per
capita, lifting the country through the threshold for
middle-income status in 2011. GDP per capita grew by an
average of 3 percent per year over the past two decades,
putting Ghana in the top ten fastest growing countries in
Sub-Saharan Africa (SSA). A rising tide has tended to lift
all boats. Poverty rates more than halved between 1998 and
2016, and the extreme poverty rate declined from 36.0
percent in 1991 to 8.2 percent in 2016. The net primary
school enrollment rate rose from 62.5 percent in 2000 to
86.0 percent in 2019. This progress has motivated the
government’s goal to lift the country to high-income status
by 2057. The focus of this Country Economic Memorandum (CEM)
is to review options for Ghana to create enough higher
quality jobs through economic transformation. Economic
transformation, or inclusive productivity growth, occurs as
people and resources shift from lower to higher productivity
activities. It raises household incomes and living
standards, thereby lifting people out of poverty. It can be
achieved through the movement of workers and other resources
between firms and sectors, or through workers staying within
existing firms that benefit from within-firm productivity
growth by adopting better technologies and capabilities. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ghana Rising : Accelerating Economic Transformation and Creating Jobs |
| title_short |
Ghana Rising : Accelerating Economic Transformation and Creating Jobs |
| title_full |
Ghana Rising : Accelerating Economic Transformation and Creating Jobs |
| title_fullStr |
Ghana Rising : Accelerating Economic Transformation and Creating Jobs |
| title_full_unstemmed |
Ghana Rising : Accelerating Economic Transformation and Creating Jobs |
| title_sort |
ghana rising : accelerating economic transformation and creating jobs |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/undefined/178001636617909989/Ghana-Rising-Accelerating-Economic-Transformation-and-Creating-Jobs http://hdl.handle.net/10986/36580 |
| _version_ |
1764485559327129600 |