New report shows that Ghana is producing the highest amount of female entrepreneurs in the world

A new report by the Mastercard Index of Women’s Entrepreneurship (MIWE) reveals that Ghana is producing more female entrepreneurs than any other country in the world.

New report shows that Ghana is producing the highest amount of female entrepreneurs in the world

The report, which is the second edition, shows that some of the least wealthy and developed economies have higher women business ownership rates than their wealthier developed peers.

The rise of women entrepreneurs is not necessarily associated with the pace of their country’s wealth and economic development as this latest index on women’s entrepreneurship has shown.

Ghana came out on top, with 46.4% of businesses in the country owned by women, ranking ahead of second-placed Russia (34.6%), third-placed Uganda (33.8%) and the United States which is listed at 23rd with only 25.5% of the businesses owned by women.

The Index examined 57 different economies around the globe. Botswana, Ethiopia, South Africa and Uganda. Ghana, Nigeria and Malawi were the new additions.

The report noted that there are several aspects of the entrepreneurial conditions in Ghana that lead to a strong level of women entrepreneurship. First, women tend to be more inclined to engage in entrepreneurial activities (38%) than men (35%). They were also found to have a very strong representation as business leaders.

Another enabling factor was found to stem from the Ghanaian society’s high regard for entrepreneurship as a good career choice (81.6%) and successful entrepreneurs (94.1%). For both perception indicators, Ghana’s rating was the highest in the world (GEM 2012 sub-Saharan Africa).

Here are the top 10 countries producing most female entrepreneurs

1.   Ghana – 46.4%

2.   Russia – 34.6%

3.   Uganda – 33.8%

4.   New Zealand – 33.0%

5.   Australia – 32.1%

6.   Vietnam – 31.3%

7.   Poland – 30.3%

8.   Spain – 29.4%

9.   România -28.9%

10.   Portugal – 28.7%

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Zuchu forced to apologize to fans after viral video raised eyebrows

Zuchu forced to apologize to fans after viral video raised eyebrows

Willy Paul wins against Diana Marua in court

Willy Paul wins against Diana Marua in court

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi