The main economic activity of the people of the region is peasant farming. This is supported by the fact that 72.2 per cent of the economically active group are engaged in agriculture or related activities. The hard working farmers of the region cultivate maize, guinea corn, millet, yam, rice, soya beans and cotton in addition to the rearing of cattle in large numbers. The economy of the municipality is dominated by agriculture followed by commerce (about 9%) and industry (about 3%). Other key sectors of the economy are transport, tourism, communication and energy. Notwithstanding the fact that the Municipality is the commercial hub of the region, agriculture is the main economic activity.
The trade/commerce/service sector is second to agriculture in terms of employment. The main activities are retailing, transport, finance, public service. The Wa Municipality is currently the regional commercial/service centre with average trading/office facilities (infrastructure).
Industries in the Municipality are small scale and are categorized into agro processing, wood, textile, metal glass, leather & hide, clay/sand/stone, art & craft. Majority of the enterprises in the Municipality are owned and operated by sole proprietors. There are about 15 financial institutions (Banking and Non-banking) in the Municipality.
Wa hosts the campus where the majority of students of University for Development Studies (UDS) are based. Student population alone is about 12,000. The University has attracted allied businesses such as private hostels, hotels, restaurants and other service providers. The springing up of these businesses is an opportunity for the company in terms of sales of a product that is in high demand compared to the limited production capacity
Region’s Products and Services
The region provides piped water to domestic, commercial and other consumers in the Wa Municipality. Tanker service is also provided but is limited to servicing of some MDAs, schools, and some individuals, etc.