Changing Patterns of Wealth Distribution: Evidence from Ghana

Abstract

A largely unexplored feature of structural transformation is the change in the composition of an economy’s asset holdings. In most poor economies, assets are concentrated in land. In rich economies, physical and human capital are more important. This paper focuses on the changes in the composition of household wealth and the share of assets owned by women in Ghana over two decades of relatively rapid growth and significant structural changes. We find that land’s share of household portfolios decreased and the share of financial assets increased. Women’s share of land, savings and business assets rose over the period. © 2018 Informa UK Limited, trading as Taylor & Francis Group.