Discuss five reasons why Ghana is regarded as a developing country.

Although sources cannot agree on an appropriate definition for “developing country,” most define a developing country as one that has low indicators/ratings of economic development. Some of these indicators include per capita income, life expectancy, and literacy rates. Below I will describe why Ghana is considered a developing country.
Per Capita Income
A country’s gross domestic product (GDP) describes the market value of all goods and services made within a country. The GDP per capita is the aforementioned definition divided by the number of people living in the country. Sources posit that the average GDP per capita for developed countries is $12,000. The GDP per capita for Ghana, however, was $1,641 in 2017.
Life Expectancy
Life expectancy describes the average lifespan of the residents of the country. The average life expectancy in developed countries is between seventy-six and eighty-two years old. The life expectancy in Ghana is only about sixty-three years old. This low expectancy can be influenced by a number of factors, including war, poor health conditions, and the possibility of famine.
Literacy Rates
Literacy rates describe how many of a country's residents can read and write. For developed countries, the average literacy rate is anywhere from 95–99%. In Ghana, however, the literacy rate is 77%, meaning that almost a quarter of the country’s residents cannot read or write. The low literacy rate could be an indication of problems within the education system in Ghana, including lack of access to education and lack of appropriate educational resources.
Poverty
The poverty ratio is the number of people whose income falls below a defined poverty line. In 2017, the poverty rate in the United States was 12.3%. The poverty rate in Ghana at that same time was 23.4%. This statistic may speak to the poor availability of jobs and low quality of life available in the country.
Fertility Rates
A fertility rate describes the expected number of children born per woman in her child-bearing years. The fertility rate of the United States is 1.2%, while the fertility rate of Ghana is 3.9%. This number is elevated in developing countries, a factor that is usually attributed to limited access to contraceptives and insufficient sex education.
https://data.worldbank.org/country/ghana

https://www.statista.com/statistics/274507/life-expectancy-in-industrial-and-developing-countries/

First, Ghana has a low Gross Domestic Product (GDP) per capita. It is ranked 139th out of 191 nations in a recent report. The World Bank states that its per capita income is $2,200. This means the average person in Ghana lives on less than $200.00 per month.
Second, the country depends too heavily on agriculture. Cocoa is important and more than half of Ghana's fertile land is devoted to growing it. The value of the country's exports fluctuates wildly along with the price of cocoa beans.
Next, Ghana's literacy rate is low. In this area, the country ranks between Sudan and Cambodia.
Fourth, Ghana has a high population growth rate at 2.17%. This growth puts a strain on the country's limited resources.
Finally, there is too much corruption in Ghana. This impedes economic growth because the benefits of an expanding economy are not shared fairly.
http://worldpopulationreview.com/countries/literacy-rate-by-country/

https://www.transparency.org/cpi2018

https://www.worldometers.info/gdp/gdp-per-capita/

Ghana is a West African country that is found along the gulf of Guinea and the Atlantic Ocean. It neighbors the Ivory Coast, Burkina Faso and Togo. It has a population of over 25 million and covers an area of about 238,533 square kilometers. The following are some reasons why Ghana is regarded as a developing country:
Low per capita income
Developing countries have lower per capita income compared to developed countries. According to the World Factbook, Ghana is currently ranked at position 172 out of 230 countries, with a GDP per capita of about $4,400. Some developed countries such as Norway have a GDP that is 16 times Ghana’s per capita income.
Low average life expectancy
Low-income countries generally have lower average life expectancies than high-income countries. According to the World Health Organization, Ghana currently has a life expectancy of about 62.4 years. This, when compared to countries in the developed world—such as the United States at 79.3 years, the United Kingdom at 81.2 years, Sweden at 82.4 years and Germany at 81 years—is quite low. Ghana’s life expectancy is, however, slightly higher than that of the very poor countries of the world, such as war-torn Somalia at 55 years.
High levels of poverty
Developing countries have a large percentage of their populations living in abject poverty. However, Ghana has made huge strides in this aspect by being the only country in sub-Saharan African to meet the Millennium Development Goal of halving cases of extreme poverty in the country by the year 2015. Presently, about 24.3% of Ghanaians live below the poverty line, as compared to 31.9% in the year 2005. Poverty is attributed to social and political inequalities in the country.
High population growth
Most developing countries have high population growth rates due to high birth rates. Ghana currently has a growth rate of about 2.19% compared to Norway’s 1.19%, Australia’s 1.09% and Japan’s –0.13%.
Over-reliance on agriculture as the main economic activity
Ghana’s agricultural sector contributes about 40% to its GDP. It is also thought that the sector employs over 40% of its citizens. Agriculture, in spite of being the backbone of the Ghanaian economy, has experienced slumps due to adverse weather conditions and government budgetary red tape.