ECONOMIC GROWTH AND
DEVELOPMENT
GROUP 8
PRESENTATION
● KEZIAH BLESSING KWOFIE {BC\SEC\ 24\041}
● BLESSING ESHUN {BC\SEC\24\044}
● MAVIS DEDE CHUCHU {BC\SEC\24\042}
● ZENABU ABDUL- RAMAN {BC\SEC\24\043}
● HAJARA YAKUBU {BC\SEC\24\039}
Topic Outline
● Introduction
● Definitions
● Differences Between Growth and Development
● Indicators and Measures
Signs of Growth and Development
●
● Factors Influencing Growth and Development
Importance
●
Problems
●
● Conclusion
Introduction
Every country wants to become better for its
people.
This happens through two main things:
Economic Growth and Economic Development.
These two ideas help people live better lives and
help the country become stronger.
In this presentation, we will explain what they
mean, why they are important, and how
countries can achieve them.
Economic Growth
Economic growth means the country is
producing more goods and services than before.
It is usually measured by something called GDP
(Gross Domestic Product), which shows how
much money a country makes in a year.
If GDP goes up, it means the country is growing.
Example: If Ghana builds more roads, factories,
or sells more cocoa this year than last year, it
shows economic growth.
Economic
Development
Economic development is when the lives of
people improve in many ways.
It includes having good schools, hospitals, clean
water, electricity, jobs, and safety.
It’s not just about having more money — it’s
about using it to make people’s lives better.
Example: If more children go to school, fewer
people are sick, and families can afford food and
medicine, that is development
Differences Between
Growth and
Development
Economic Growth Economic Development
● Growth is quantitative (GDP
increase). Development is qualitative (life
Focuses on money (GDP) quality).
Focuses on people’s well-being
● Growth can happen without
development ●Development includes growth.
Can happen without helping Helps all citizens live better
everyone
● Development includes social
●Growth is measured by economic indicators like health and
data education.
Makes the country richer Makes the people happier and
healthier
Example: A country can be rich but still have many poor people. That
means growth without development.
Indicators and Measures
1. GDP (Gross Domestic Product): Total value of goods and
services produced.
2. GNI (Gross National Income): GDP + income from
abroad.
3. HDI (Human Development Index): Measures life
expectancy, education, and income.
4. Literacy Rate: Percentage of people who can read and
write.
5. Life Expectancy: Average number of years a person is
expected to live.
6. Poverty Rate: Percentage of people living below the
poverty line.
Ghana GDP Growth Rate
(2019–2024)
This bar chart illustrates Ghana’s GDP growth rate from 2019 to 2024. After the pandemic-related slowdown in 2020, growth
picked up, reaching 5.7% in 2024.
Ghana GDP by Sector
(2024)
This pie chart shows the distribution of Ghana's GDP by sector for 2024. Services lead the economy, followed by industry and
agriculture.
Signs of Growth and
Development
Growth signs:
●
More companies and jobs
●
More exports and trade
●
More factories, buildings, and roads
●
Development signs:
●
More children in school
●
Lower death and illness rates
●
Better living conditions (electricity, water, toilets)
●
Example: Building a factory = growth. Building a free clinic =
development.
Factors That Helps A
Country Grow And Develop?
1.Education – When people learn, they get better jobs and build
better things.
2.Health – Healthy people can work and take care of their families.
3.Good Roads and Electricity – Businesses can work better and
people can travel easily.
4.Peace – No war or fighting helps the country focus on building.
5.Honest Leaders – Leaders who care about people help
development.
6.Political Stability: Peace and good governance attract
investment.
7.Technology: Modern technology increases
efficiency and global competitiveness.
8. Natural Resources: Countries rich in
resources can earn more revenue.
Example: Countries like Rwanda have grown
because they focus on education, peace, and
building roads.
Importance Growth and
Development
They help reduce poverty and improves living standards.
●
Creates more job opportunities.
●
They help people live longer and healthier lives.
●
Attracts foreign investors and improves the economy.
●
●They make the country stronger, safer, and respected
around the world.
Encourages innovation and national competitiveness.
●
Example: South Korea grew from a poor country to a rich
one by focusing on schools, technology, and business.
Problems Associated With
Economic Growth And Development
1.Corruption – When leaders steal money and misuse of
public funds hinders progress.
2.War and Conflict – Fighting destroys homes and scares
away investors.
3.Poor Infrastructure – Bad roads, no electricity, and weak
internet make life hard.
4.Debt and Inflation – Too much borrowing and rising prices
can damage the economy.
5.Poor Governance- Lack of planning and leadership affects
development.
Example: If farmers grow food but can’t take it to the market
because of bad roads, they can’t earn money.
Conclusion
●Economic growth and development are both
important for national success.
●They work hand-in-hand to improve people’s
lives and strengthen the economy.
●A country should focus on not just growing,
but also ensuring everyone benefits from that
growth.
●Sustainable and inclusive development leads
to long-term progress.
THE END
THANK YOU
FROM
GROUP 8
