ModernGhanalogo

FEATURED: Why Are Black People Obsessed With The Bible That Was Used To Enslave ...

body-container-line-1

Learning Crisis Undermines Sustainable Growth—World Bank Says

By Ferdinard Tiekon
Learning Crisis Undermines Sustainable Growth—World Bank Says
OCT 19, 2019 ECONOMY & INVESTMENTS

The World Bank has disclosed that the crisis of learning has the potential of undermining poverty reduction and sustainable growth as the global community marks "End Poverty Day".

The World Bank Acting Country Manager, Dr. Beatrix Allah-Mensah, stated that the Human Capital Index (HCI) scores across countries is 0.56. This implies that a child born today will be only fifty- six percent productive by age 18 as opposed to the benchmark set for a child with complete education and full health. "As a major contributor to human capital deficits, the learning crisis undermines sustainable growth and poverty reduction", she said.

Her comments come as Ghana joined the world yesterday to mark "End Poverty Day" at the World Bank Head Office in Greater Accra. The 2019 theme for End Poverty Day is "Ending Learning Poverty: What will it take?

Dr. Allah-Mensah believes that the relevance of human capital in sustainable growth cannot be overestimated and that human capital contributes to 60 percent of the wealth in high-income Organizations for Economic Co-operation and Development countries. She attributed the deficit in human capital to a learning crisis emanating from shortcomings in quality and quantity of schooling. "Poor education outcomes thus have major costs for future prosperity", she reiterated.

The World Bank Country Manager outlined three key solutions to combat the human capital deficit namely; a refreshed education approach, a literacy policy and an ambitious measurement and research agenda.

On her part, Deputy Education Minister, Gifty Twum- Ampofo, revealed that Ghana ranks 116 out of 154 countries on the human capital index. She mentioned that Ghana has joined the Human Capital Project instituted by the World Bank last year to build political commitment for accelerating investment in people in the health and educational sectors.

She emphasised the need for a collective effort from parents, policymakers, teachers and students to help close the learning gap.

Ending her speech, she called for action to redouble efforts in countries and areas within countries where extreme learning poverty is entrenched and the pace of 'Ending Learning Poverty' is at risk of decelerating.

body-container-line