Dual Policy Needed to Formalize the Informal Sector – World Bank

Dual Policy Needed to Formalize the Informal Sector – World Bank

The World Bank has declared a holistic approach for the Ghanaian economy to effectively formalize the informal sector, as the sector expands. Ghana’s economy is predominantly informal in terms of employment, and effectively transitioning them into a more formalized sector requires intentionality and a strategic approach. The World Bank established that a two-step approach is needed. “A dual policy approach is needed: supporting existing informa…