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11/22/2023 PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT.

GROUP 4
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT
Introduction PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT.

MEMBERS OF GROUP 4

 AMA AGYEIWAA AGYENIM-BOATENG


 LATOYA NHYIRA KWAKYE
 MAAME AKOSUA OCLOO
 BENITA ESI GYESI
 CAROLYN AKUBIA
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT
Contents .

TABLE OF CONTENTS

01 | Bouyant Economy
04 | Low Standard of Living

02 | Features
05 | Measures to Improve the
Standard of Living
03| Standard of Living
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT
Section 01 .

BOUYANT
ECONOMY.
ADD A BRIEF INTRODUCTION OF YOUR SECTION HERE: LET’S DIVE IN AND GET TO KNOW
SOME INTERESTING FACTS ABOUT ANIMALS!
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT

WHAT IS A BOUYANT
ECONOMY?
A bouyant economy is an economy in
which all the various sectors of the economy
are functioning effectively leading to a significant
improvemnent in the quality of life of the
people.
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT

FEATURES OF A BUOYANT
ECONOMY
 A buoyant economy has a high per capita income  In a buoyant economy, agriculture is highly
resulting from the total national income per total mechanized.
population growth in the country.  There is healthy growth in all the main sectors
 A buoyant economy is characterized by the of the economy.
reduction in unemployment.  There is an effective development in
 Another feature is the high literacy rate. infrastructure.
 There is an increased level of knowledge and  There is an improved system and population
expertise in the advancement of science and control measure.
technology.  There is a stable political atmosphere.
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT

STANDARD OF LIVING

Standard of living refers to the economic


or material well-being of a people living
in a country.

It is thus, the quality of life led by the


people.
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT

FACTORS RESPONSIBLE FOR THE


LOW STANDARD OF LIVING
 The low level of income of Ghanaians affects them not  Worker’s poor attitude to work leads to
to enjoy a better standard of living. low productivity.
 High cost of living is another factor that accounts for the  There is a low level of savings in the
country.
low standard of living in Ghana.
 There is a high rate of unemployment.
 The dependency burden placed on income earners makes
a larger size of the country’s population in Ghana to live
a low standard of living.
PROMOTING NATIONAL SOCIO-ECONOMIC DEVELOPMENT

MEASURES TO IMPROVE STANDARD OF


LIVING
 Encouragement of savings  Enforcement of government policies.

 Accessibility and affordability of education  Establishment of vocational and technical


training institutions
 Adoption of positive attitudes to work
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