Only 7.7% of Ghana’s 2.64m businesses operate formally – Government Statistician
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A government statistician reported that only 7.7% of businesses in Ghana operated formally in 2024. This figure comes out of a total of 2.64 million businesses. The data shows ongoing difficulties with job creation and business formalization.
Government Statistician Dr Alhassan Iddrisu says only 7.7% of Ghana’s 2.64 million businesses were operating formally in 2024, highlighting persistent challenges in business formalisation and job creation.