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ECONOMY

Economy of the Municipality

ABCMA has well developed commercial center with brisk economic activities in the areas of commerce and services. Some major economic landmarks are Kokompe autoparts and mechanics enclave; Mallam and Mataheko Market; Mataheko Lorry Terminal; A1 Bakery and Kpogas Furniture.

The key aspects of Municipal economy are;

• Industry (major manufacturing firms located in the Municipality);

• Commercial /Service (Financial Services, Banking, ICT, Commerce,

Autoparts and Mechanics, Artisans); and

• Agriculture (Poultry Farming and Livestock.)

According Ghana Statistical Service, a total of 70.1 percent of the population constitute those who are economically active and this describes a high level work force. Out of this number, 92.8% are employed whereas 7.2% are unemployed as compared with the national figure of 90% and 10% respectively. The remaining 29.9% of the population which are economically inactive is made up of 6.8% pensioners/retired, 15.2% fulltime education, 4.8% those in home duties and 3.1% disabled or sick. In relation to sex there are more economic active males (72%) as compared to females (68.5%). 31.5% females are economically inactive population are in the majority whilst males constitute 28.0 percent.

The occupational structure shows that 38.5% of residents are engaged in sales and service, with 20.1 per cent as craft and related trade works. Females constituted more than half (52.5%) of the population engaged in service and sales. This is expected because traditionally such occupations are associated with females. As expected, the municipality has a larger concentration of professional and technical workers (17.2%) compared to the national figure of 9.5percent. On the other hand, agriculture and animal husbandry donot feature as prominently (1.7%) as is the case for the country as a whole (41.7%).

In terms of type of occupation by sex, there are four largest male occupational groups namely production (23.2%), transport operators (29.6%), sales (19.4%), clerical and related workers (14.4%) and professional, technical and related workers (13.4%). In contrast, females are mainly sales workers (42.0%), production (13.9%) and service workers (19.5%).

Though, the Municipality has its own problems such as traffic congestion, extension of retailing and commerce unto pavement and pedestrian walkways, sanitation, among others, the presence of Kokompe Auto parts and Mechanics dealers, accessibility, its proximity to the capital city, in addition to the relative electricity supply has made it investment destination.

These are the potentials and opportunities available for the Municipality which could be exploited to ensure the smooth implementation of the projects in this 2018-2021 MTDP dubbed An Agenda For Jobs: Creating Prosperity AndEqual Opportunity For All. The Municipality also has a well-established nightlife that attracts visitors and patrons from far and near. In reference to varying characteristics and income levels of residents, the Municipality has been stratified into 3 income zones to enable determination of level of poverty.

The stratification is based upon housing characteristics and environmental conditions of the residential suburbs of the city. It was adopted from the block valuation system of the City Authority of Accra where localities are zoned into first, second and third income zones for property rate collection purposes.

It is important to state also that the law recognizes the classification as it is provided and gazette by the Local Government Bulletin. High income zones are characterized by well-defined sector layouts, high taxable property values and superb neighbourhood infrastructure. The rest of the zones follow suit, as the third zone depicts depressed conditions. They are mostly unplanned areas of the municipality with poor or non-existent neighborhood infrastructure and utilities.

The second-class residential zone, which hosts the largest proportion of residents of Municipality. Income is unevenly distributed among households in this income class.

Figure 1.13 : Economic Map

Source : ABCMA MPCU, 2018

Cooperatives and Other Economic Groupings

Even though the Department of Trade represented by Cooperatives is not established in

the Municipal Assembly as at now, a number of Cooperatives and Other Economic

Date Created : 6/12/2025 12:00:00 AM