Friday, April 25, 2014

Ghana's Growing Inequality

The rich in Ghana are getting richer and the poor, poorer. That is the findings of a report authored by the Tax Justice Network Africa and Christian Aid.

Between 1999 and 2006, the number of rural poor in Ghana increased from 2.2 million to 2.6 million people despite a seeming decline in poverty.

"The report also highlights the fact that the top ten per cent of the rich are getting richer while the bottom 40 per cent sees their income declining.

Gyekye Tanoh of Third World Africa Network in an interview with Joy News' Dzifa Bampoh cited examples of how money is given to investors, majority of whom, are foreigners in the hope that they will create more jobs for the poor in society. Such a policy, Mr. Tanoh indicated, had failed because the investment in most cases does not trickle down to the poor as originally intended.

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