Only 5% of Ghana’s micro, small, and medium-sized enterprises (MSMEs) export their goods, and this has a significant impact on the country’s potential to benefit from the Africa Continental Free Trade Area (AfCFTA).
This came after 84,592 MSMEs throughout 245 of Ghana’s 261 districts were polled, with the majority of the enterprises coming from the Ashanti region (23,123, for 27.3 per cent) and the Greater Accra region (18,856, for 22.3 per cent).
According to the poll, only 4,177 of the 84,592 MSMEs, representing a pitiful 5% of the businesses, export their goods and/or services.
According to the survey (which was authorized by the Ghana Enterprises Agency (GEA) under the GEA-Mastercard Foundation’s Young Africa Works Project and carried out by Palladium Group Ghana Limited), a sizable portion of MSMEs is operating in the informal sector in all 16 regions, with the Western North Region having the lowest percentage.