Ghana: Poverty Reduction and Growth Strategy
IMF Staff Country Reports, July 11, 2024
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- Ghana: Poverty Reduction and Growth Strategy
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Bibliographic details
- Published: July 11, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400282850.002
Vision and strategic focus
- The vision of the Agenda For Jobs II (2022–2025) is "to create an optimistic, self-confident and prosperous nation, through the creative exploitation of our human and natural resources, and operating within a democratic, open and fair society in which mutual trust and economic opportunities exist for all."
Key economic structure and statistics
- Services sector share of gross domestic product (GDP): 47.9 percent in 2020; 48.2 percent in 2019; 47.0 percent in 2018.
- Industry share of GDP: 31.6 percent in 2020; 33.2 percent in 2019; 33.5 percent in 2018.
- Agriculture contribution to GDP: 20.5 percent in 2020; 18.5 percent in 2019; 19.5 percent in 2018.
Major challenges identified
- Proliferation of slums driven by increased rural–urban migration.
- Poor sanitation and noise pollution.
- Weak enforcement of environmental and mining laws and regulations, leading to:
- Increased illegal mining.
- Forest degradation.
- Water pollution.
Implications for policy and priorities
- Preserve and leverage the stated Agenda For Jobs II (2022–2025) vision as the guiding framework for poverty reduction and growth policies.
- Address urbanization pressures by integrating housing, sanitation, and urban planning to limit slum proliferation.
- Strengthen enforcement of environmental and mining laws and regulations to curb illegal mining, forest degradation, and water pollution.
- Prioritize interventions that support the services and agriculture sectors given their significant shares of GDP and recent dynamics.
International Monetary Fund. African Dept. "Ghana: Poverty Reduction and Growth Strategy", IMF Staff Country Reports 2024, 214 (2024), accessed 9/10/2026, https://doi.org/10.5089/9798400282850.002
Content in this bundle
- Ghana: Poverty Reduction and Growth Strategy; IMF Country Report No. 24/214; June 13, 2024