Overview

Minerals exploitation and processing remains a key economic contributor
OBG
plus

Occupying ninth place in the global ranking of gold producers, Ghana relies on the precious metal to attract investment, generate jobs and make a major contribution to the economy. Though a fall in the price of gold put a dampener on the sector, and indeed Ghana’s broader economy, in 2013 and 2014, the country’s fundamentals are excellent: it has a long track record, a stable security situation,…

Overview

A state-backed modernisation drive has the potential to reinvigorate a key sector
OBG
plus

As the foundation of Ghana’s economy, agriculture employs more than half of the population and is a key focus for the country’s inclusive economic development agenda. Yet as the industrial and services sectors have strengthened in recent years, agriculture’s contribution to overall GDP has steadily declined, falling from 32% in 2009 to 22% in 2013. The government’s priority for the sector is…

Overview

The expansion of bandwidth, fibre optics and tower sharing is facilitating the roll-out of new initiatives
OBG
plus

While in the past broadband uptake within Ghana was constrained by a limited national fixed-line network and high connectivity costs, access over the past half decade has dramatically improved with the landing of undersea fibre links and the introduction of wireless and 3G – and more recently 4G – technologies. The cables have made bandwidth speeds and prices far more attractive. By the end of…

Overview

Expanding subscribership and basic infrastructure make the market ripe for investment
OBG
plus

Mirroring the trend throughout Africa, Ghana’s telecommunications industry is mostly driven by activity in the mobile segment. But the business also has a high level of competition that benefits from a liberalised market regime and a robust regulatory framework. The sector is crowded, with six operators in the lower to-middle-income country of 25m people, but this has not stopped operators from rolling…

Overview

Efforts are under way to leverage strengths and boost capacity
OBG
plus

In spite of its role as one of Africa’s fastest growing economies, Ghana has yet to fully transition its agriculture and resource commodities base into a vibrant and diversified industrial sector. More than 80% of exports are presently made up of gold, oil and cocoa in raw form, pointing to both an opportunity and a need to undertake more processing domestically. Facing New Difficulties Moving…

Overview

Expanding selection and commercial space carry the sector forward
OBG
plus

Long dominated by traditional and largely informal markets, Ghana’s retail landscape is undergoing significant change. As with many African frontier markets, formal retailing is beginning to capture a greater share of spend as an expanding middle class increases consumption and becomes more demanding in terms of convenience and variety. The Ghanaian market, according to global management consultancy…

Overview

Diversifying infrastructure options and enhancing capacity are key for maintaining sector attractiveness
OBG
plus

Few sectors are as fundamental to supporting long-term economic development as transport. As Ghana’s growth has accelerated in recent years, the government has sought to boost investment in all modes of transport through public and private resources. Unlike many emerging markets, Ghana’s transport backbone covers every region of the country, with heavy concentration in the most economically developed…

Overview

Access to credit and land administration reform can help the sector mature and consolidate the country’s wider growth story
OBG
plus

For many years the real estate market was an often-overlooked component of Ghana’s economy, failing to be as eye-catching to domestic and overseas investors as the better-known success stories in commodities, energy and agriculture. This is beginning to change, however, as capital generated by Ghana’s energy-led aggressive growth from 2010 onwards has both helped attract high-end real estate offerings,…

Overview

Improving access to finance and reducing building material costs remain priorities
OBG
plus

Infrastructure development in Ghana has seen a healthy progression over the past decade, mainly as a result of the Jubilee oil field discovery in 2007. Following Tullow Oil’s initial operations in 2010 demand for construction surged in 2011-12 as the government commenced various large-scale infrastructure projects. There was a particular focus on transport, housing and utilities, while private developers…

Overview

Ambitious new hotel projects promise to boost visitor numbers
OBG
plus

Building on its reputation within the West African region as a politically stable and economically vibrant state, Ghana is working to develop its strong tourism industry. The country’s appeal as a destination is already clear to hundreds of thousands of visitors every year, as well as to Ghanaians themselves. From a solid base – tourism is already an important hard currency earner – Ghana now…