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Economy Sector


Economic Groups
The major economic groups are cooperatives. These groups are engaged mainly in agriculture and small-scale industries. The groups are formed t enable them obtain financial assistance and skills in small business management and create employment for themselves. These groups are usually registered with the department of Co-operative as Community Based Organizations (CBOs), Farmer Based Organizations (FBOS). The department of Co-operative and the National Board for small scale industries (NBSSI) provide training to the groups only when they have funds.

The indication from the analysis of IGF and Grants is that Grants constitute over 80% of the total revenues accruing to the District Assembly each year. Internally Generate Revenue constitutes between 6% to 11% Total revenue. It also indicates that the Assembly over relies on grants. There is the need to mobilize IGF to improve the Assembly’s financial position in the next years.  Refer to table 12 in pdf file below.

According to the Ghana poverty Reduction Strategy Paper, overall poverty decrease between 1999/92 and 1998/99 from 51.7% to 39.5%. Extreme poverty declined from 36.55 to 26.8% over the same period. Notwithstanding this, these figures mask the incidence of growing and deepening poverty and evidence of intensification of vulnerability and exclusion among some groups and some areas.

 Structure Of District Economy
There are no specific data on distribution by economic activity on the district. However it id evident from the 2000 population and housing census that as much as 58.5% of active labour force in the Volta Region is engaged in agriculture. This is followed by wholesale retail trade accounting for 12.9% and that 10.9% of the labour is in manufacturing Transport and construction accounts for 2.19% and 10.9% of the labour is in manufacturing  Transport and construction accounts for 2.1% and 2.03% respectively. The data also shows that on general employment, 5.7% of active labour force in the region is employed by the public sector, the private formal and private informal account for 4.7% and 87.3% respectively while 78.01 are self-employed. Though thee data show regional situation it can be inferred from to guide the district in critical policy areas especially with the informal sector employment.





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