Live Breaking News & Updates on Social Enterprises Policies

The Draft Ghana Social Enterprise Policy defines social enterprise as an organisation that applies business strategies and practices to achieve social and environmental goals and seeks to make an impact and profit. Contribution of social enterprises in Ghana The social enterprise sector has made significant contributions to the social, economic and environmental development of the country. Based on research conducted by Social Enterprise Ghana in December 2022 and validated in March 2023, it is estimated that there are 115,500 social enterprises in Ghana of which 54.8% operate in the agribusiness subsector. Thus, with a total of 2.1 million micro, small and medium enterprises (MSMEs) in Ghana, the social enterprise prevalence rate in the country is 5.5%. Socio-Economic Contributions In Ghana, the social enterprise sector contributes approximately GHS 23.1 billion (USD 2.6 billion) to the Ghanaian economy representing 3.35% of the Gross Domestic Product based on the 2021 GDP of USD 77. ....

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