Entrepreneurship and small businesses in Ghana
In Ghana , about 7.14% of young people are unfortunately unemployed that’s the main reason why entrepreneurship and small businesses are becoming more popular and valued . People are recognizing the potential for economic growth and job creation that comes with supporting small businesses. It's an exciting time where individuals are encouraged to start their own ventures and contribute to the local economy. Plus, small businesses often bring unique products and services to the market, adding diversity and innovation. It's a positive trend that's helping to shape the future of Ghana's economy. According to GCB bank statistics ,Over 90% of business enterprises in the country are SMEs. Moreover, not only do they form around 80% of the total employment in Ghana but also account for some 60% of the country's GDP. Data from Ghana’s Registrar General’s Department (RGD) indicates that 92% of businesses are registered as MSMEs. The majority of businesses within the MSME sec...