Income Diversification and Economic Welfare of Rural Households in the Volta Region of Ghana

We established the factors influencing income diversification, and linkage between diversification economic welfare of rural households, in Volta Region Ghana, using data from 894 randomly-selected obtained through latest round Ghana Living Standards Survey undertaken by Statistical Service October 2016 to 2017. The overall household measured Simpson Index was positively influenced age head, remittances received household, size household. Using another measure number income-based activities (NIBA), we that head NIBA a cubic fashion, similar an S-shaped curve. Income declined at very young ages 17 31 years; it then increased years 74 before declining during head’s advanced retirement period. positive drivers included moderate levels formal educational attainment, remittance, electricity connection. showed only when used high levels.