The sector has rebounded since the Covid-19 pandemic, showing strong potential for growth over the coming decade. The government has invested heavily in various marketing campaigns aimed at diversifying Ghana’s visitor markets, with a focus on attracting visitors from the country’s diaspora population as part of the Year of Return and Beyond the Return campaigns. New investment in Accra’s hotel…
Ghana has a number of mechanisms in place to levy taxes on both individuals and business entities. These include a graduated scale for residents, with the maximum rate for residents reaching 35% and a flat rate of 25% for non-resident individuals; the Financial Sector Recovery Levy, a 5% tax aimed at the accounting profit of banks, with an exception for rural and community banks; and the Growth and…
Ghana’s dynamic economic landscape showcases its commitment to fostering an investor-friendly environment. As regulatory shifts promote a conducive corporate legal atmosphere, the country remains at the forefront of innovation in the field of financial technology thanks to various policy directives and the regulatory sandbox established by the Bank of Ghana. The intersection of regulatory advancements,…
This sector remains a major contributor to Ghana’s economic development, with its value expected to grow from $1bn in 2022 to $5bn by 2030 despite the fiscal constraints and currency depreciation being experienced by the broader economy. ICT-focused businesses are set to further benefit from government support initiatives, a dynamic start-up ecosystem and improvements to the country’s digital infrastructure,…
The Guide contains a selection of hotel and accommodation options in Ghana for both business and leisure travellers. There is also helpful information regarding visa regulations, health considerations, business etiquette, and public and private transport options. This chapter contains interviews with Samuel Awuku, Director General, National Lottery Authority; and Alex Apau Dadey, Executive Chairman,…
In English Le marché des centres de données en Afrique est prêt pour une croissance substantielle, avec une augmentation projetée de leur capacité à hauteur de 50 % d'ici 2026. Alimenté par une économie numérique en plein essor et une pénétration croissante d'Internet, le continent présente des opportunités diverses malgré les défis liés à l'infrastructure et à la réglementation. Ce…
En Français Africa's data centre (DC) market is primed for substantial growth, with a projected 50% capacity increase by 2026. Fuelled by a burgeoning digital economy and rising internet penetration, the continent presents wide-ranging opportunities despite infrastructure and regulatory challenges.This report delves into Africa's evolving DC landscape, analysing infrastructure development,…
Despite the impact of the Covid-19 pandemic and other external shocks, Ghana’s GDP growth is expected to moderate in 2024 and 2025 thanks to the proactive measures undertaken by the government. One example of such initiatives is the Domestic Debt Exchange Programme, which has helped stabilise the local economy and provide greater fiscal stability. In 2023 the country was the continent’s leadin
Interview:David Anthony What investments do mining firms require to scale up their digital transformation? DAVID ANTHONY: High-speed internet connectivity, data storage solutions, cloud-computing resources, and comprehensive cybersecurity and risk-management measures to support digital initiatives are all crucial steps. Investing in advanced data analytics tools allows mining companies to process…
On increasing finance for SMEs, women-led businesses and infrastructure development in Africa How is BII’s Growth Investment Partners (GIP) Ghana initiative transforming the financing landscape for smaller organisations? ASANTE-POKU: Small and medium-sized enterprises (SMEs) are the lifeblood of Ghana’s economy. They represent over 90% of businesses, nearly two-thirds of the country’s…
