The Role of Pensions in Poverty Reduction in Ghana

Abstract

The study determines the extent to which pensions contribute to poverty reduction in Ghana. Using a logistic regression model, we determine the probability of a household being poor given 
pension income and other socio-demographic factors. The findings, based on the most recent (2012/2013) Ghana Living Standard Survey, round six data set, revealed that pensions in Ghana have no significant impact on poverty reduction for both absolute and extreme poverty levels.