World Bank selects Esoko to provide insightful data on Africa’s informal sector

  • through Business Enterprise and Micro Surveys

Esoko Limited, a leading data collection and survey firm in Ghana, has been selected to conduct the Business Enterprise and Micro Surveys for the World Bank with MDS. The Enterprise Analysis of the World Bank is currently conducting surveys in 54 economies worldwide, with Esoko being the top organization conducting the informal sector enterprise survey in Africa.

The informal sector enterprise survey is designed for private-owned businesses, activities, productions, or services that are sold, traded, or bartered with another party. It utilizes a face-to-face approach in conducting interviews with business owners or top managers.

According to the Business and Partnership Development Department Manager of  Esoko, Solomon Tematey Mensah, Esoko’s involvement in conducting the Business Enterprise and Micro Surveys for the World Bank is a significant milestone for the Ghanaian firm.

“We are delighted to have been selected for this critical project, and we are committed to delivering accurate and comprehensive information on the state of the informal sector in Africa. Our expertise in data collection and survey implementation will be critical in providing the World Bank with the insights it needs to create a business environment that promotes sustainable development and supports private investment in Ghana and other African economies,” he explained.

He added that the objective of the Business Ready project is to make each country’s economic environment ready for a dynamic private sector. The project’s name highlights the fact that economies exist in different stages of readiness and that governments play a crucial role in creating a business environment conducive to sustainable development.

The World Bank Group is working to evaluate the business and investment climate in up to 180 economies through its flagship Business Ready project, which is a critical instrument of the organization’s new strategy to facilitate private investment, generate employment, and improve productivity. The project aims to help countries accelerate development in inclusive and sustainable ways.

For the past two decades, the World Bank Group has been a leader in spurring business-regulatory reforms across the world. Its assessments of the business-enabling environment worldwide have helped trigger nearly 4,000 regulatory reforms in developing and developed economies, significantly advancing academic research in this area.

This has also resulted in 4,000 peer-reviewed research papers and at least 10,000 working papers, even as many countries also often use these assessments to shape their development strategies.

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