Why Ghana Is Considered a Less Economically Developed Country (LEDC)
- Low per capita income: Limited spending power for basic needs.
- High poverty rates: Significant portion lives on <$1.90/day.
- Limited education/healthcare access: Overcrowded, understaffed facilities, especially rural.
- High unemployment: Particularly among youth, worsening inequality.
- Economic vulnerability: Dependent on commodity prices, global demand, natural disasters.
Despite recent growth, these factors keep Ghana in the LEDC category.