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Analysis

The region is returning to the fore as a palm oil producer
OBG
plus

The palm oil industry is coming full circle in West Africa. The commodity was first produced in the region as early as the 16th century and commercial trade began in 1820. In the mid-19th century traders transported planting materials from Ghana to Asia, where the climate proved highly conducive for growth. The industry boomed in this new location, leaving Africa behind. Now, West Africa is considered…

Analysis

The crop is a leading contributor to the national economy
OBG
plus

As the world’s second-largest producer of cocoa – behind only its neighbour Côte d’Ivoire – Ghana’s agricultural output and overall economy are dependent on production of the crop, which represents 57% of the sector’s export earnings and over 20% of total export earnings, and employs more than 800,000 farmers. Adding Value Cocoa exports are sent mainly to Europe, but growing demand in…

Analysis

The introduction of 4G is set to bring increased speeds and data use
OBG
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In February 2013 Ghana issued three new broadband wireless access licences to three local companies: Surf Line, Gold Key Properties and G-Kwik. Costing $6m each and initially valid for 10 years, after which time they will be subject to a renewal fee, the licences were allocated for long-term evolution (LTE) spectrum in the 2500-MHz to 2690-MHz band. They also come with the stipulation that the licensees…

Analysis

Support grows for the incubation of new businesses
OBG
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The success of start-ups in driving the US technology sector has spawned a raft of attempts elsewhere in the world to emulate that growth. Ghana is working to foster an environment that helps encourage entrepreneurial activity in the tech sector, with some success. While connectivity constraints and research access are often cited as a significant barrier for tech start-ups in Africa, Ghana’s possession…

Analysis

Fast-growing markets mean new opportunities for international firms
OBG
plus

Facing saturation and elusive growth prospects in more established markets, multinational fast-moving consumer goods (FMCG) companies are turning their attention to sub-Saharan Africa, a growing region that, with some exceptions, has been undersupplied when it comes to branded, mass-produced consumer products. A 2012 report by the global consultancy McKinsey Africa Consumer Insights Center forecasts…

Analysis

Raising local capacity in metals production and export
OBG
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With a history that stretches back to the days of independence when Valco Aluminium – at the time Africa’s largest smelter – Ghana’s metals industry has faced significant challenges recently, although it has benefitted from growth the rest of the country is enjoying. Reliant in past years on domestic demand from the extractive sectors, the bulk of the momentum has more recently come from the…

Analysis

Strong foundations can propel infrastructure development
OBG
plus

Competitive among local and international players, Ghana’s logistics sector has grown in parallel with the economy and is on course to continue this trend, given rising demand and the government’s efforts to promote foreign investment. However, bureaucracy and human resource shortages remain as key challenges. Global Index The World Bank’s 2014 Logistics Performance Index (LPI) ranked Ghana…

Analysis

The skies are clearing for aviation growth
OBG
plus

Air travel is growing rapidly in Ghana, as the country’s population takes to the sky and more tourists and businesspeople visit the country. Plans are under way to develop Ghana’s major airports to keep pace with growing demand, while the government is also seeking a private investor to help re-establish a national airline. GACL Ghana’s commercial airports are operated by Ghana Airports Company…

Analysis

Cementing its position in the market
OBG
plus

As demand for utilities, housing and overall infrastructure in Ghana rises, new government projects and private developments require an ever-increasing supply of building materials, particularly cement. Local players are expanding production capacity while two new plants are set to begin operations in late 2014 and early 2015. Although challenges remain apparent, such as shipping costs and the rising…

Analysis

A range of factors should support further growth in the sector
OBG
plus

A wave of new high-end hotels, supported by a tourism development plan introduced last year, is spearheading Ghana’s efforts to attract a broader range of visitors to the country. Although dwarfed by the country’s primary and secondary drivers – including hydrocarbons, mining and agriculture – Ghana’s travel and tourism sector forms a key part of the government’s bid to shift its focus…