Analysis

Value-added manufacturing key to Ghana’s industrial evolution
OBG
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An export-focused growth strategy has long informed Ghana’s industrialisation agenda. The country’s economic infrastructure is key to this growth strategy, which comprises special economic zones (SEZs), export processing zones (EPZs) and industrial parks. This landscape facilitates the maximisation of limited capital outlay, the provision of a dedicated institutional framework, lower production…

Analysis

Countries developing aquaculture to support food security
OBG
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With per capita fish consumption having doubled in the past six decades, aquaculture is becoming increasingly important when it comes to combatting food insecurity. Recent innovations seek to improve sustainability and productivity while assuaging quality concerns. Venture capitalists invested $39bn in food tech start-ups in 2021, double the amount seen in 2020. While over half of this amount went…

Analysis

Ghana boosting agriculture production and increasing exports
OBG
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Ghana is the second-largest cocoa producer in the world after Côte d’Ivoire, accounting for a global market share of 20%. The crop, which grows primarily in the Ashanti, Brong-Ahafo, Eastern, Western, Western North and Western South regions, is cultivated by families, communities and cooperatives. The cocoa grown in Ghana is mostly processed for export, as the local market for finished cocoa products…

Analysis

Discovery of Ghana's lithium deposits generates investment opportunity
OBG
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With critical minerals a central issue in the global energy transition, Ghana’s 2018 discovery of lithium deposits has brought international attention to the West African country. Five years later, and in the wake of the Covid-19 pandemic, worldwide demand for lithium is even greater, and 2023 has seen Ghana take several steps forwards in positioning itself in the global supply chain. The first…

Analysis

Electric vehicle demand to drive mineral extraction for batteries
OBG
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Emerging markets are taking steps to position themselves in the global value chain for EVs, with several recent projects focused on the decentralised production of batteries for electric vehicles (EVs). At the same time, however, these industrial developments highlight the carbon-intensive nature of extracting the materials needed to produce EVs, though hopes remain that the process can be further…

Analysis

How Ghana can apply new technology to boost extractives
OBG
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Ghana is increasingly employing geospatial technologies such as drones and other intelligent technologies in its mining sector. These technologies can streamline operational processes and reduces costs, while also enhancing efficiency and safety. Data analytics processes a wealth of generated data, enabling predictive maintenance and real-time monitoring for informed decision-making. Although many…

Analysis

Global insurance industry responding to environmental risks
OBG
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With the launch of a new joint initiative to support those countries that are most vulnerable to the effects of climate change, the global insurance industry is evolving in ways that could carry important implications for business in emerging markets. One such initiative, the Global Shield against Climate Risks (GSCR) was announced by the ministers of finance of the so-called Vulnerable Twenty Group…

Analysis

Ghana reducing arrears amid government initiatives
OBG
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In December 2022 the Ghanaian government implemented the Domestic Debt Exchange Programme (DDEP), a voluntary initiative under which eligible bondholders swapped bonds for new securities with differing rates and maturities. Later that month Ghana struck a deal with the IMF for a three-year, $3bn loan to help alleviate the country’s debt. Upon closing in February 2023, 85% of a total GHS97.7bn ($8.9bn)…

Analysis

How Ghana is diversifying investment products and mobilising liquidity
OBG
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Improving the diversification of investment products and the liquidity of the securities market has been a government priority in recent years. One key initiative is the Capital Market Master Plan (CMMP) being implemented by the Securities and Exchange Commission (SEC). The CMMP is divided into three phases – 2020-22, 2023-25 and 2026-29 – and has set a 2024 target of increasing the amount raised…

Analysis

Authorities working to enhance insurance awareness in Ghana
OBG
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While the authorities have prioritised enhancing insurance penetration in Ghana, uptake remains stubbornly low. Indeed, insurance penetration measured as gross premium as a share of GDP hovered around 1% between 2016 and 2022, according to the National Insurance Commission (NIC). By ways of regional comparison, in 2021 South Africa had the highest penetration rate on the continent, at 17%, followed…