New business density in Ghana
Ghana: New business density was 1.37 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
Latest (2024)
1.37 new registrations per 1,000 people ages 15-64
Change on year
down 42.7%
World rank
118th
of 177 countries
All-time high
2.39 new registrations per 1,000 people ages 15-64
in 2023
All-time low
0.6036 new registrations per 1,000 people ages 15-64
in 2006
Years of data
19
2006–2024
New business density in Ghana, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Ghana stood at 1.37 new registrations per 1,000 people ages 15-64.
The figure is down 42.7% on the previous year and down 1.6% over ten years.
Over the whole period, new business density in Ghana peaked at 2.39 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 0.6036 new registrations per 1,000 people ages 15-64, in 2006.
Ghana ranks 118th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New business density in Ghana, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 0.6036 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 0.7358 new registrations per 1,000 people ages 15-64 | +21.9% |
| 2008 | 1.07 new registrations per 1,000 people ages 15-64 | +45.9% |
| 2009 | 1.1 new registrations per 1,000 people ages 15-64 | +2.6% |
| 2010 | 0.9595 new registrations per 1,000 people ages 15-64 | -12.9% |
| 2011 | 1.06 new registrations per 1,000 people ages 15-64 | +10.7% |
| 2012 | 0.8692 new registrations per 1,000 people ages 15-64 | -18.2% |
| 2013 | 1.36 new registrations per 1,000 people ages 15-64 | +57.0% |
| 2014 | 1.39 new registrations per 1,000 people ages 15-64 | +2.1% |
| 2015 | 1.11 new registrations per 1,000 people ages 15-64 | -20.1% |
| 2016 | 1.13 new registrations per 1,000 people ages 15-64 | +1.1% |
| 2017 | 1.56 new registrations per 1,000 people ages 15-64 | +39.0% |
| 2018 | 1.47 new registrations per 1,000 people ages 15-64 | -6.2% |
| 2019 | 1.36 new registrations per 1,000 people ages 15-64 | -7.0% |
| 2020 | 1.32 new registrations per 1,000 people ages 15-64 | -3.5% |
| 2021 | 1.25 new registrations per 1,000 people ages 15-64 | -4.9% |
| 2022 | 1.28 new registrations per 1,000 people ages 15-64 | +2.2% |
| 2023 | 2.39 new registrations per 1,000 people ages 15-64 | +87.0% |
| 2024 | 1.37 new registrations per 1,000 people ages 15-64 | -42.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8785 new registrations per 1,000 people ages 15-64 | 0.6036 new registrations per 1,000 people ages 15-64 | 1.1 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 1.23 new registrations per 1,000 people ages 15-64 | 0.8692 new registrations per 1,000 people ages 15-64 | 1.56 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 1.52 new registrations per 1,000 people ages 15-64 | 1.25 new registrations per 1,000 people ages 15-64 | 2.39 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Ghana
- 115 Germany 1.44 new registrations per 1,000 people ages 15-64 compare
- 116 Gambia 1.4 new registrations per 1,000 people ages 15-64 compare
- 117 Nepal 1.4 new registrations per 1,000 people ages 15-64 compare
- 119 Belarus 1.27 new registrations per 1,000 people ages 15-64 compare
- 120 Senegal 1.22 new registrations per 1,000 people ages 15-64 compare
- 121 Sri Lanka 1.19 new registrations per 1,000 people ages 15-64 compare
More private sector data for Ghana
- Merchandise trade 42.5% (2025)
- Food imports 13.7% (2023)
- Manufactures imports 51.5% (2023)
- Merchandise imports 17.45 billion current US$ (2025)
- Food exports 18.1% (2023)
- Manufactures exports 6.0% (2023)
- Merchandise exports 31.11 billion current US$ (2025)
- Merchandise exports (current US$), per capita 887.14 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2724 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 62.31 % change on previous year (2025)
Frequently asked questions
- What is new business density in Ghana?
- New business density in Ghana was 1.37 new registrations per 1,000 people ages 15-64 in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Ghana?
- The highest recorded value was 2.39 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Ghana?
- The lowest recorded value was 0.6036 new registrations per 1,000 people ages 15-64 in 2006.
- How does Ghana rank for new business density?
- Ghana ranks 118th out of 177 countries with data for 2024.
- Is new business density rising or falling in Ghana?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New business density (new registrations per 1,000 people ages 15-64). Statizoid updates them automatically from the source API.
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About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.