Ghana: wealth index across rural households

In Ghana, the share of wealth index quintile among rural households was highest in the category of the poorest (33.5 percent), whereas the lowest percentage was achieved for the richest group. Furthermore, more than half of the given population fell below the middle quintile.

Overall, contrary to rural household wealth quintiles which are low within the category of the richest, urban ones are higher among the poorest group.

Wealth index quintile share of the rural household population in Ghana as of 2018

Characteristic	Share of wealth quintile
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

March 2020

More information

Region

Ghana

Survey time period

2018

Supplementary notes

Wealth index quintiles divide a given population into five equally large groups, on the basis of their wealth rank.

The source explains that: "To construct the wealth index, principal components analysis is performed by using information on the ownership of consumer goods, dwelling characteristics, water and sanitation, and other characteristics that are related to the household’s wealth, to generate weights (factor scores) for each of the items used. First, initial factor scores are calculated for the total sample. Then, separate factor scores are calculated for households in urban and rural areas."

It adds that: "The wealth index is assumed to capture the underlying long-term wealth through information on the household assets and is intended to produce a ranking of households by wealth, from poorest to richest. The wealth index does not provide information on absolute poverty, current income or expenditure levels".

Citation formats