Ghana to get its first MSMEs Development Index as DBG and GSS collaborate
Development Bank Ghana (DBG) and the Ghana Statistical Service (GSS) have launched Ghana’s first Micro, Small, and Medium Enterprises index known as the MSMEs Development Index (DBG-GSS MDex). The initiative, designed to track business performance and guide policy and financing decisions, was launched in October 2026 by DBG Chief Economist, Prof. Eric Osei-Assibey, on behalf […]
The Development Bank of Ghana (DBG) and the Ghana Statistical Service (GSS) have joined forces to launch Ghana's inaugural Micro, Small, and Medium Enterprises (MSMEs) Development Index, or MDex. This new index aims to measure business performance and inform policy and financing decisions. The initiative was unveiled in October 2026 by Prof. Eric Osei-Assibey, the Chief Economist of DBG, and Alhaji Omar Seidu, Deputy Government Statistician.
The partnership between DBG and GSS was formalized through a Memorandum of Understanding on September 8, 2026. To prepare for the nationwide survey, more than 100 enumerators have undergone training to conduct interviews with over 5,000 businesses across all 16 regions. This extensive effort will ensure that field staff familiar with the local context and languages can effectively gather data from the country's approximately 1.9 million business establishments.
The MDex will assess businesses across eight key dimensions, including profitability, productivity and growth, business environment, innovation and digitization, resilience and financial access, sustainability and green transition, inclusive and social impact, governance and formalization, and productive capacity and resources. By combining business-owner surveys with objective indicators, the index will offer valuable insights into MSME performance, financing needs, operational challenges, and growth potential.
The data collected will be regularly updated to track changes over time. The MDex will provide reliable, recurring data across all regions and sectors, enabling informed policymaking, improved MSME financing decisions, identification of growth opportunities and constraints, and monitoring of productivity, competitiveness, innovation, job creation, and sustainability.
The partnership aims to enhance the effectiveness of development finance by guiding decisions based on credible evidence, ultimately contributing to the growth and sustainability of Ghana's MSME sector.
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