The country's economy remains largely informal with about 92.3 per cent of businesses not registered, the Ghana 2024 Integrated Business Establishment Survey 1 (IBES 1) Report has revealed.
As of the end of 2024, the country has approximately 1.9 million establishments and 92.3 per cent, constituting 1.7 million establishments being micro-sized, operated informally and employed less than six people.
The 2024 IBES I reports, which comes in several volumes and an economic census, presents detailed statistics on business growth, employment trends, and sectoral distribution, building on data from the previous census conducted in 2014.
The report covering from 2014 to 2024 provides data on employment levels, revenue generation, and emerging business activities, including external trade, digital finance adoption and environmental sustainable practices.
