Install the Askmeghana App (CAO Admissions) For Free. Questions are Answered Faster On the App. Click Here to Download from Play Store
Ghana is considered to be a less economically developed country mainly because of the fact that it is not very rich. Perhaps the best measure of this is the fact that its per capita GDP (when adjusted to take into account what things cost in the country) is well below the world average. Ghana's GDP per capita is $2500, putting in at 180th place out of the 227 nations listed in the CIA Factbook.
One can also call Ghana an LEDC because of the nature of its economy. A relatively high percentage of its people (56%) are involved in agriculture. Importantly, this is not a very efficient sector of the economy and only 30% of Ghana's GDP comes from the labor of those 56%.
For reasons like these, Ghana is seen as an LEDC.
- See more at: http://www.enotes.com/homework-help/why-ghana-considered-ledc-305168#sthash.ES6magHi.dpuf