Ghana’s leap into the ranks of oil-producing countries happened in record time, taking just 42 months from discovery to production. That speed brought with it complications that have necessitated a revision of forecast output. However, the bulk of those hiccups appear to have passed and the outlook for 2013 is looking encouraging, with the flagship Jubilee field set to hit maximum targeted production…
With the presidential elections largely concluded, save a few outstanding legal challenges, 2012 proved to be a year in which Ghana gave a comparatively strong economic performance, bolstered by stable commodity prices, continued oil production and a sizable capital campaign in both the gas and electricity sectors. However, structural weaknesses will need to be addressed by the new administration if…
A rise in purchasing power and a shift towards formal retail space is helping burnish a positive outlook for retailers in Ghana. Mall retailing is still in its infancy, particularly outside the capital, but international brands and developers are increasingly enthusiastic about the country.Ghana has been attracting growing interest from foreign investors, due to oil-fuelled economic growth in excess…
Tema, Ghana’s largest port, has made global headlines recently over the “crippling disruptions” caused by an impounded Argentinean military ship blocking a busy berth. The obstruction has come at an inopportune time for Tema, where activity should be ramping up to the peak pre-Christmas period. It also highlights the importance of ongoing efforts to enhance capacity and efficiency both at Tema…
Oxford Business Group is pleased to announce its media partnership with West African Clean Energy and Environment Exhibition and Conference which will be held on 6 – 8 November, in Ghana. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, West African Clean Energy and Environment Exhibition and Conference 2012 (WACEE’12) Domestic…
The arrival of a sixth operator in the already competitive Ghanaian mobile telecoms market spells good news for customers keen to take advantage of aggressive pricing policies and product innovation.In recent years, Ghana’s telecoms sector has benefitted from the country’s buoyant economy, which helped lead to a rise in mobile phone take-up. However, with competition intensifying in what is only…
Oxford Business Group is pleased to announce its media partnership with the Africa Hotel Investment Forum, which will be held on 25 – 26 September, in Nairobi. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, Building on the success of 2011 in Casablanca, the Africa Hotel Investment Forum (AHIF) 2012 will take place on 25-26…
Although Ghana has an unusually high loans-to-deposits ratio and household lending rates in excess of 20%, the banking sector has been enjoying strong growth of late, on the back of the country’s macroeconomic success. Due in part to a mix of both rising capital inflows and a large unbanked population, the potential for long-term profitability, both in corporate and in retail, continues to attract…
Oxford Business Group launched 2012 publication Ghana’s push to support its evolving hydrocarbons industry and create new jobs in both its traditional commodity sectors and more nascent service industries is given wide-ranging coverage in a new report just published by Oxford Business Group (OBG). The Report: Ghana 2012 provides in-depth analysis of the African state’s rapidly-expanding…
While a large portion of the country’s GDP – 30% – comes from the agriculture sector, the oil sector is growing rapidly and attention from investors abroad is expected to increase as oil revenues continue to grow. Ghana is a member of a number of international organisations, including the UN, the WTO, the African Union, and the Economic Community of West African States (ECOWAS). Having gaine
