{"id":170543,"date":"2024-04-10T23:09:39","date_gmt":"2024-04-10T23:09:39","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/04\/10\/structural-inequalities-cause-of-low-growth-in-africa\/"},"modified":"2024-04-10T23:09:39","modified_gmt":"2024-04-10T23:09:39","slug":"structural-inequalities-cause-of-low-growth-in-africa","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/04\/10\/structural-inequalities-cause-of-low-growth-in-africa\/","title":{"rendered":"Structural inequalities cause of low growth in Africa"},"content":{"rendered":"

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The World Bank has identified deep-rooted inequalities as a major obstacle to Africa\u2019s economic progress, according to its chief economist for the region.<\/p>\n

Andrew Dabalen in an interview on Citi TV\u2019s The Point of View,<\/strong> <\/em>pointed to a lack of essential infrastructure and limited intra-African trade as key factors limiting growth.<\/p>\n

\u201cThe speed at which Africa\u2019s growth reduces poverty is only half than what we see in the rest of the world. East Asia is much higher. One of the major reasons for that is what we call structural inequalities in this report.<\/p>\n

\u201cThere are many reasons why Africa\u2019s growth is low, part of it is that we don\u2019t have infrastructure in terms of energy, water and sanitation, and we don\u2019t really trade a lot with each other.<\/p>\n

\u201cWe have lots of shocks from either commodity prices, conflict or climate disasters. One of the important determinants of this low growth and this ability of low growth to convert to poverty reduction is inequality and structural inequality.<\/p>\n

\u201cThey are inequalities because of circumstances an individual cannot control. You don\u2019t have control over where you were born and who you were born to, your skin colour, or the fact that you are a man or a woman. These circumstances that you are born into account for almost 70% of all the differences you see between children\u2019s access to education, health or nutrition.<\/p>\n

\u201cThat is what we call structural, it\u2019s not something you can change with your ability or something that the market can correct, it requires social policy action,\u201d he told host Bernard Avle.<\/p>\n

The World Bank\u2019s Africa Pulse Report for April 2024 included some forecasts for Africa. It projected a slowdown in Ghana\u2019s economic growth in 2024, despite expectations of increased economic activity.<\/p>\n

\u2014\u2013<\/strong><\/em><\/p>\n

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The World Bank has identified deep-rooted inequalities as a major obstacle to Africa\u2019s economic progress, according to its chief economist for the region. Andrew Dabalen in an interview on Citi TV\u2019s The Point of View, pointed to a lack of essential infrastructure and limited intra-African trade as key factors limiting growth. \u201cThe speed at which […]<\/p>\n","protected":false},"author":1,"featured_media":170544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-170543","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nStructural inequalities cause of low growth in Africa - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/04\/10\/structural-inequalities-cause-of-low-growth-in-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Structural inequalities cause of low growth in Africa - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The World Bank has identified deep-rooted inequalities as a major obstacle to Africa\u2019s economic progress, according to its chief economist for the region. 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