Road accidents in Ghana cost the country an estimated US$4.55 billion annually, representing approximately 2.1 per cent of Ghana’s Gross Domestic Product (GDP), according to the World Bank.
The latest estimate highlights the significant economic impact of road accidents in Ghana, with crashes imposing substantial costs on individuals, businesses, families and the national economy.
The financial burden associated with traffic accidents extends beyond medical expenses and vehicle damage. Road crashes can also result in loss of productivity, reduced household income, emergency response costs and other economic losses.
The World Bank’s assessment underscores the importance of strengthening road safety measures in Ghana to reduce fatalities, injuries and the economic cost of road crashes.
Improving road infrastructure, enforcing traffic regulations, promoting responsible driving and investing in road safety initiatives could help reduce the growing burden of road accidents on Ghana’s economy.
The estimated US$4.55 billion annual cost also demonstrates why road safety and accident prevention remain important issues for Ghana’s economic development and public health.
Source: newsthemegh.com