Modernising Ghana’s traditional markets through the 24-Hour Economy markets initiative

Modernising Ghana’s traditional markets through the 24-Hour Economy markets initiative

These markets play a significant role in Ghana’s economy. Historical estimates cited by the World Bank and the United States Department of Agriculture’s Foreign Agricultural Service place the average annual turnover of traditional markets in Ghana at approximately US$4 million per location. They provide livelihoods for numerous traders, porters, drivers and other transport operators, while creating market opportunities for farmers, artisans and other small-scale businesses. They serve as important links in the distribution of food and other goods, connecting producers and wholesalers with retailers and consumers across the country. They also contribute to women’s livelihoods and economic empowerment.