Per the latest data released by the Ghana Statistical Service (GSS), Ghana’s informal sector grew by 5.9 percent in 2019 from the 2.6% recorded the previous year, using 2013 as the base year.
This, in monetary terms, means that the country’s informal sector is now worth GH₵45.2 billion cedis. The latest growth, according to the GSS, is the second highest following the rebasing of the economy.
Again, per the latest GSS figures, the total value of all economic activities documented in the informal sector, which involves buying and selling of various goods, reached 92.5 billion cedis, for last year, representing an increase of 26.5% compared to the of 27% recorded in 2018.
Meanwhile, indirect taxes share of the total value of all goods and services with 2013 as the base year, reached GH₵ 9.09 billion. This is the highest compared to the 7.96% and 8.56 billion cedis recorded in 2017 and 2018 respectively.
Comparing the growth rate for the last three years however, the highest growth was recorded in 2018 at 7.5%, followed by 6.1% in 2019 and 4.6% in 2017.
