Accra’s economic landscape is significantly shaped by open-space businesses, which operate without fixed structures and are integral to the city’s commercial activities. According to the Ghana Statistical Service’s Integrated Business Establishment Survey (IBES), these enterprises constitute nearly 30% of all businesses nationwide, with a substantial concentration in Accra.
Employment and Economic Contribution
Open-space businesses employ over 922,000 individuals, making them a major source of employment in the city. This sector’s prominence underscores its importance in providing livelihoods and sustaining economic activity.
Regional Concentration
The IBES data indicates that the majority of open-space businesses are concentrated in the Greater Accra and Ashanti regions. This distribution reflects the high urban demand and the dynamic commercial environment in these areas.
Operational Dynamics
Nationally, approximately 63.7% of open-space businesses operate at least six days a week. In Greater Accra, this figure rises to 77.5%, highlighting the sector’s dedication and the continuous demand for their goods and services.
Gender and Ownership
Notably, nearly 80% of individuals engaged in open-space businesses are women, and an overwhelming 99.2% of these businesses are owned by Ghanaians. This demographic insight emphasizes the sector’s role in empowering local entrepreneurs and promoting gender inclusivity in the business landscape.
In conclusion, open-space businesses are a cornerstone of Accra’s economy, providing employment, fostering entrepreneurship, and meeting the daily needs of the city’s residents. Recognizing and supporting this sector is essential for the continued economic growth and development of Accra.