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Widespread inequality remains despite increase in per capita income

Okaishie Market

Despite a notable increase in per capita income over recent years, widespread inequality persists in Ghana, according to the Institute of Statistical, Social and Economic Research (ISSER).

This revelation comes from ISSER’s 2024 Mid-Year Budget Review, titled "A Critical Assessment of the 2024 Mid-Year Budget by ISSER."

By June 2024, inflation had decreased to 22.8%, a significant drop from its peak of 54.6% in December 2022.

Although this reduction is attributed to tight monetary policies and fiscal consolidation efforts by the government, inflation remains high compared to 12.6% in December 2021.

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