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 Why is Ghana still among the poorest countries in the world?

Written by NewsAward

Ghana is a country of around only 30 million people, with few resources, sitting far away from the world’s major trade routes.

EDIT: Including shipping, traffic to note the “trade routes” point

That’s the long and short of it.

Ghana does have the second-largest GDP in ECOWAS (Economic Community of West African States) though, so by regional standards it’s pretty well off.

Countries rarely escape regional and global logic. As West Africa gets richer Ghana should get richer as well, but while West Africa remains poor there’s only so far Ghana can go.

That being said, Ghana is also trying to become a Pan-African business hub, which may also pay dividends down the line.

But for now, Ghana has to take it a day at a time, and hope West Africa (and Africa generally) keeps getting richer.

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