The African Development Bank Resident Representative in Ghana is encouraging government to introduce policies that can translate the country’s growth to equitable distribution of wealth.<\/p>\n
[contextly_sidebar id=”gAcg1Psh7AJ40Dlb63pyYstTYjXoG5rq”]According to Marie-Laure Akin-Olugbade, income inequality in Ghana and across Africa remains high, despite Ghana’s recent gains in growth performance and poverty reduction.<\/p>\n
Ghana was expected to halve extreme poverty as part of the Millennium Development Goal (MDG) by close of the year.<\/p>\n
According to the Ministry of Finance poverty has declined from 39.5 percent from1998\/99 to 28.5 percent in 2005\/06.<\/p>\n
Speaking to Citi Business News, Marie-Laure Akin-Olugbade said economic opportunities and quality education are key to achieving government\u2019s target.<\/p>\n
“It may have to do with the type of growth that we have seen over the past decade, the fact that it is a growth that has not translated into any kind of significant transformation. for us the kind of transformation that creates sustainable jobs”, she stressed.<\/p>\n
She spoke at the maiden edition of the New Economic Thinking Lecture (NET lecture) under the theme \u201cNew Economic Thinking for bridging the rising income inequality gap in Africa\u201d.<\/p>\n
Marie-Laure Akin-Olugbade stated that, “The government and policy makers have an important role to ensure that there is a better redistribution of the growth story”.<\/p>\n
The NET lecture was organized by the Young Professional Economists Network (YPEN).<\/p>\n
\u00a0–<\/p>\n
By: Rabiu Alhassan\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The African Development Bank Resident Representative in Ghana is encouraging government to introduce policies that can translate the country’s growth to equitable distribution of wealth. [contextly_sidebar id=”gAcg1Psh7AJ40Dlb63pyYstTYjXoG5rq”]According to Marie-Laure Akin-Olugbade, income inequality in Ghana and across Africa remains high, despite Ghana’s recent gains in growth performance and poverty reduction. Ghana was expected to halve extreme […]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[38,4],"class_list":["post-87311","post","type-post","status-publish","format-standard","hentry","category-health","tag-palaver-newspaper","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/87311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87311"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/87311\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}