70% of Revenues Generated in Gt Accra
Over seventy percent of all revenues generated by establishments is concentrated in the Greater Accra Region alone.
This was disclosed by the Ghana Statistical Service(GSS) at the launch of the second phase of the Integrated Business Establishment Survey (BEIS).
The survey, which is an economic census conducted on the full set of economic units across all sectors of the country’s economy is aimed at obtaining data on production as a basis for government and business analysis and decision making as well as to provide a benchmark data for rebasing and updating the GDP.
Reacting to the publication, Deputy Director for Policy and Research with the Association for Ghana Industries(AGI), John Defor, told Citi Business News the situation is unacceptable and tasked government to improve infrastructure in the other regions to increase revenue generation.
“It doesn’t take just electricity; the infrastructure is important as well as the market centres and good roads. So, for any investor coming in, if you do your cost benefit analysis and the factors on the ground don’t support any reason for you to invest why will you invest”, he observed.
Mr. Defor was of the view that an equal distribution of relevant infrastructure will be the solution to encourage increased economic activities in other regions of the country.
“I think it’s important that we have a fair distribution of our infrastructure, we need electricity in some of these key economic areas that have the potential to generate jobs and employment for people in the first place. Remember that if you operate outside the urban areas your corporate cost is lower and it’s a good incentive but we think the roads are important and we equally think the electricity factor is important and access to market centres are all important,” he said.