Economy
The Secondi Takowradi Metropolis's economy is mainly driven by administrative and service sectors, with small areas devoted to industry. The structure of the local economy comprises the primary, secondary, and tertiary sec-tors. The primary sector is dominated by agriculture with crop farming remains at subsistence level employs 21 percent of the people while fishing constitutes an important component due largely to the available long stretch of coastline. Eg fishing activities at New Takoradi, Sekondi,
In the secondary sector, the metropolis boasts of the existence of a number of manufacturing industries including large scale cement production, cocoa processing, paper manufacturing, timber processing and other small-scale industries employing about 19.1% of the population. The major industrial settings include Ghana Ports and Harbour Authority (GHPA), GHACEM, Takoradi Flour Mills, WAMCO, Jintao, Dangote Cement and Wang Kang industries and Plot Enterprise. There are also micro-enterprises such as confectionery, sachet/bottle water pro- duction, batik, tie and dye, leather works and agro-processing.
The services sector is the largest employer of the labour force in the Metropolis with 59.9 % occupational size and comprises Shipping/Forwarding, Hotel/Hostel/Restaurant, Bulk Oil Storage, Distribution, and Retail Transport Services, Harbour and Port Services, Commerce and ancillary oil drilling and exploration services. Examples of private international corporations that operate in the metropolis include Tullow, Vodafone, Ghana National Petroleum Corporation (GNPC), and others. Large hotels exist; a few that stand out are Atlantic, Raybow, Akroma Plaza, and Planter Lodge. The Metropolis's economy greatly benefits from tourism. The processing of agricultural and forest products, metal fabrication, and manufacturing are other economic activities in the Metropolis. Examples include sachet water producers, West Africa Mills, Dupaul Wood Treatment Plant, and cocoa processing companies
There is a large proportion of private informal sector mainly due to the increasing population and urbanization. This has a great potential for revenue mobilization; however, it has become an impediment to achieving accelerated economic growth and development as the Assembly has not been able to generate adequate revenue for development initiatives.