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Ghana named world leader for women-owned businesses

Ghana has been named the world leader for women-owned businesses. This success is by a mile as 46.4% of privately held businesses in Ghana are owned by women.

Women own almost half of the businesses in Ghana, ranking higher than Russia (34.6%) and Uganda (33.8%).

You might expect forward-thinking liberal democracies to have a higher percentage of women-owned businesses, but the United States, for example, ranks 23rd with 25.5% of its businesses owned by women.

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Data suggests that the Ghana-based successful businesswoman is driven to start a company by necessity, not ambition. A high percentage of women-owned businesses can be a sign of more opportunities in the developed world, but in disadvantaged economies it could simply reflect a will to survive that prevails against the same barriers to entrepreneurship that women face elsewhere.

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