upper-middle income status

The World Bank is casting doubts over Ghana’s ability to reach upper-middle income status by 2037-2040 and graduate to high-income status by 2057. According to the Bretton Wood institution, the economy has become more reliant on natural resource extraction, whilst growth in other sectors have stalled. In its October 2022 Country Climate and Development Report, though it mentioned that Ghana has made major progress over the past three decades poverty reduction and job creation have slowed and 70% of jobs are still informal. “Ghana has made major progress over the past three decades and the country’s leadership has high ambitions…