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Introduction: Informal Economies as Varieties of Governance Read chapter Read first chapter

2017 | OriginalPaper | Chapter

Formalisation of Entrepreneurship in the Informal Economy in Sub-Saharan Africa and the Role of Formal Institutions: An Analysis of Ghana’s Experience

Author : Kwame Adom

Published in: The Informal Economy in Global Perspective

Publisher: Springer International Publishing

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Abstract

Informal entrepreneurship has been for a long time a major lifeline for many living in rural and urban economies in developing countries especially in sub-Saharan Africa and more particularly Ghana. Formalising the informal economy has become prominent within development circles but there has been no clear policy direction from the formal institutions in terms of their role in formalising informal entrepreneurship. This chapter seeks to evaluate critically the role of formal institutions in formalising entrepreneurship in the informal economy in Ghana. Formal institutions are seen as strategic leaders in this endeavour but they are also perceived as enemies of formalisation since they profit from the current bureaucratic impediments as informal entrepreneurs try to formalise their operations.

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Metadata
Title
Formalisation of Entrepreneurship in the Informal Economy in Sub-Saharan Africa and the Role of Formal Institutions: An Analysis of Ghana’s Experience
Author
Kwame Adom
Copyright Year
2017
Book
The Informal Economy in Global Perspective

Print ISBN: 978-3-319-40930-6

Electronic ISBN: 978-3-319-40931-3

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-40931-3_15