The Aspen Network of Development Entrepreneurs (ANDE) conducted this entrepreneurial ecosystem snapshot to identify active entrepreneur-support organizations in Accra and the kind of support they provide. These organizations include: investors, capacity development providers, business development support providers, professional service providers, government agencies, and others.
ANDE developed this snapshot to bridge the information gaps in Accra’s entrepreneurial ecosystem.
The study, which was completed in 2017, revealed a variety of gaps that are prevalent in the Accra entrepreneurial ecosystem. Some of these gaps include: lack of collaboration among actors, poor access to markets, high cost of physical infrastructure, and limited access to finance. Despite all these challenges, the Accra ecosystem has experienced dramatic growth, with an increased government and private sector interest in providing financial and non-financial support to small and growing businesses in Accra. Accra is the economic hub of Ghana and it is a host to numerous incubators, accelerators, and other business development service providers.
In Accra, agriculture has been identified as the top sector of focus for investors and capacity development organizations who are supporting small and growing businesses. Likewise, equity and quasi-equity are identified as the top financial instrument in the ecosystem.