Working poor and economic growth in some selected ECOWAS countries

Abstract

This paper discusses the interaction between working poor and income growth in some selected ECOWAS states.
Unlike similar studies that focus on pro-poor growth in an economy, this study highlighted the basic issue in wealth
creation by drawing on the issue that poverty can impact on growth of the economy. Relying on some principle
developed by Kimenyi (2006) the study concluded that policies should be effectively targeted to identify the
capabilities of the poor with the view of enhancing them to contribute to the growth process in an economy. In this
sense, the need for the inform sector to be formalized has been advocated and that microfinance institutions should
be made more viable to increase their total credit to the working poor. Finally for these policies to be affective the
government must ensure a workable partnership between poverty and growth in an economy.