Impact of poverty on education in Ghana
Ghana’s government has implemented specific programs like FCUBE, capitation grant, school feeding, and free SHS. According to Osei-Fosu (2011), the school feeding program had a high positive and significant impact on school enrollment, attendance, and retention. Research by Tamanja & Pajibo (2019) also shows that the free SHS has led to a substantial enrollment increase. Some of the factors that affect access to education are household influence, financial cost, health, gender, and location. The theoretical framework used to support this thesis is the human capital theory. The study used a quantitative approach and secondary data from Ghana living standard survey round seven to answer the research question. The study used an ordinary least squares estimator in R studio to observe the variables’ trends. The main objective is to determine the relationship between education and poverty. If education can reduce an individual’s poverty level in Ghana. The null hypothesis was rejected, which states that education has no effect on poverty in Ghana; it was rejected because the p-value was less than 0.05 or 5%. Holding all other variables constant, if the level of education of an individual increases, welfare is expected to increase by 0.355 or 35.5%. And the variables that are statistically significant to welfare are completed level of education, income, gender, household size, and rural/urban.
Undergraduate thesis submitted to the Department of Business Administration, Ashesi University, in partial fulfillment of Bachelor of Science degree in Business Administration, May 2021
human capital theory, GLSS7, statistical analysis