One million Ghanaians could fall into poverty due to climate change – World Bank

If immediate climate action is not implemented, at least one million more people could become impoverished as a result of climate shocks.

According to the World Bank’s most recent Country Climate and Development Report for Ghana, income for low-income households could decrease by as much as 40% by 2050.

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According to the report, a development path should be pursued that promotes low-carbon growth and increases climate change resilience through a mix of public and private investments and regulations.

“Climate change puts Ghana’s economic and human growth at risk. Around 45,000 Ghanaians are affected by floods annually on average, and half of Ghana’s coastline is at risk of erosion and flooding due to sea level rise.

Without prompt actions, the World Bank pointed out that the higher temperatures and heat stress will affect crop and labor productivity, whilst more erratic rainfall patterns will damage buildings and infrastructure. Again land degradation, water insecurity and local air pollution will also hamper human capital and productivity.

The report said Ghana has achieved major development gains over the past three decades, but progress has slowed down. The report further highlighted that the country has not fully managed to convert its natural wealth into sufficient infrastructure, human, and institutional capital for sustained growth.

According to Pierre Laporte, the World Bank’s Country Director for Ghana, Liberia, and Sierra Leone, “the analysis shows that Ghana can simultaneously achieve its long-term development and climate goals.”

“Ghana contributes a negligible amount to global greenhouse gas emissions, with per capita emissions at 24% of the global average. The nation can choose a more resilient course of action for its development by avoiding expensive lock-ins, advancing to cutting-edge technology, and beginning to mobilize climate money.

The research outlined six key areas for a road toward climate-resilient and low-carbon development that will promote the nation’s inclusive, resilient, and greener economic growth.

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