Abstract
The purpose of the study was to determine whether the political ideologies of successive governments in Ghana have had any implications for the welfare of the people of Ghana. Welfare was defined as per-capita GDP and improvement in welfare over time was defined as growth in per-capita GDP. The two dominant ideologies in Ghana were included in the study. These are the liberal capitalist and social democracy. Data was collected from the World Bank data base over the two decades from 1993-2014. Data was taken at 2005 constant prices. The results show that political ideology had implications for the welfare of the people. Social democracy improved the welfare of the people more than liberal capitalism. Low inflation rates were associated with higher welfare levels and higher welfare improvement rates.
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