Finance Minister Dr. Cassiel Ato Forson has disclosed that about 950,000 Ghanaians moved out of multidimensional poverty between 2024 and 2025, attributing the improvement to the country’s strengthening economic performance and better living conditions.
According to the Finance Minister, the decline in multidimensional poverty reflects progress in addressing deprivation across key indicators, including education, health, employment and overall living conditions.
Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Forson said Ghana’s multidimensional poverty rate fell from 24.9% in the third quarter of 2024 to 21.9% during the same period in 2025.
“This simply means that about 950,000 Ghanaians moved out of multidimensional poverty in just one year,” he told Parliament.
The gains he added were accompanied by improvements in the labour market, with the unemployment rate declining from 13.7% during the first three quarters of 2024 to 12.8% over the corresponding period in 2025.
He noted that the figures demonstrate that the country’s recent economic reforms are beginning to translate into tangible improvements in the lives of ordinary Ghanaians.
“Behind these statistics are the hundreds of thousands of families who now enjoy better living conditions and greater hope for the future,” Ato Forson stated.
Ato Forson further noted that Ghana is now recognised as the eighth-largest economy in Africa, saying the country’s recent economic performance has strengthened businesses, expanded opportunities and enhanced government’s capacity to invest in social and economic development.
