Only 7.7% of Ghana’s 2.64 million businesses are formal – GSS report
Ghana Statistical Service (GSS), has revealed that about 92% of businesses in Ghana operate informally even though the number of business establishments has nearly tripled in the past decade. Government Statistician Dr Alhassan Iddrisu gave the figures at the launch of the maiden edition of Ghana in Numbers 2025 in Accra. The figures, according to […]
The Ghana Statistical Service (GSS) has reported that only 7.7% of Ghana's 2.64 million businesses are formal, with the remaining 92% operating informally. This finding comes from the GSS's maiden edition of Ghana in Numbers 2025, which was launched in Accra. According to Government Statistician Dr Alhassan Iddrisu, the number of businesses nearly tripled between 2014 and 2024, while the number of people employed doubled.
Despite the unemployment rate falling from 14.6% in 2023 to 12.8% in 2025, more than 70% of jobs are still informal. The report also highlights that nearly one-third of jobseekers aged 15 to 24 cannot find work, with over 60% of them being young women. Dr Iddrisu emphasized that the decisions made in the next 10 years regarding schooling, skills, and jobs will determine whether Ghana's growing youth population becomes a benefit or a burden.
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