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Analysis

Transforming the system: A new pension plan looks set to create opportunities
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The implementation of a national pension scheme is expected to have a profound impact on several sectors of the Ghanaian economy. The new pensions law, the National Pensions Act, 2008 (Act 766) was enacted in December, 2008. It aims to make the system accessible to more people and encourage contributions. INAUGURATION: The board of the National Pensions Regulatory Authority (NPRA), which was…

Analysis

An ambitious target: Working to source 10% of power from modern renewables by 2020
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While hydrocarbons have come to dominate the energy headlines in Ghana, the government is also looking at other means of generating power. Like most economies, the country wants to diversify its generation mix and investigate the potential for sustainable and renewable energy technologies. While renewable energy in the form of biomass and hydroelectric power accounts for 78% of the country’s…

Analysis

Global land deals: Countries are buying arable land abroad to ensure food security
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When food prices soared in 2008 and late 2010 as a result of poor harvests, growing energy costs, low stocks and climate-related problems, it sparked popular unrest across the Middle East and North Africa (MENA) and prompted governments to look for long-term solutions to food security. The resulting policies ranged from raising subsidies to increasing strategic stocks, but those with significant…

Analysis

A good gulp: The beverage segment provides a framework for expansion
OBG
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Beverage manufacturing is an example of a diversified and competitive industry. Government policies such as tax breaks to allow for importing agro-processing equipment provide incentives, and the increase in disposable income should translate into significant growth in the coming years. Some firms are already tapping into the export market, showing that Ghana indeed has potential as a regional…

Analysis

Growing with the times: Efforts to update the palm oil sector in approach and technique remain under way
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Palm oil production in Ghana has surged in recent decades, thanks to a top-down approach that may offer a preview of how the government wants to improve its agricultural sector. The country has found success in partnering with the private sector on large-scale projects. It has invested in the sector by founding and supporting the Oil Palm Research Institute, and empowered Ghanaian farmers to participate…

Analysis

Fresh approach: Tourism body overhaul will increase funding and reshape the sector
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Following parliamentary approval of the 2011 Tourism Bill, the transformation of the Ghana Tourism Board into a fully fledged, income-generating authority is a promising step for the sector. Private players and public sector officials are hoping that the radical changes will increase funding and facilitate the implementation of a new orientation towards greater expansion and harnessing of resources.…

Analysis

A positive challenge: The logistics sector looks set to grow
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Ghana’s recovery from a dip brought on by the global financial crisis is certainly good news for the logistics sector. With economic growth of 14.5% in 2011, according to the IMF, and as the government plans to use the offshore associated gas finds to bolster economic diversification, the prospects for logistics firms look strong. A brief look at the trade statistics illustrates the growing…

Analysis

Ironbound?: New investment in exploration could spark a return to iron production
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Though home to a diverse set of minerals, it has been the soaring price for gold amidst a weak global economy that has brought about significant increases in production, investment, exploration and revenues. However, minerals such as manganese, bauxite and diamonds are also being explored and excavated, and the country could once again rejoin the ranks of the world’s top iron ore producers. RAW…

Analysis

Deepsea diggers: Exploring for deeper and more complex reserves
OBG
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For many, offshore hydrocarbon exploration constitutes perhaps the final frontier in the oil and gas sector. Offshore drilling targets oil and natural gas deposits trapped beneath the ocean floor – or in some cases beneath inland lakes and seas – which are accessed through wellbores in the seabed. It is the most complex and expensive way of exploiting hydrocarbons deposits. Wells are drilled…

Analysis

A potential hub: With demand on the rise, the country is looking to boost capacity
OBG
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After experiencing significant growth over the past 12 months, Ghana’s air transport sector potential is beginning to be realised, with volumes up for both the international and domestic markets. However, this success has brought its own challenges in terms of capacity constraints, while more could be done to encourage further growth and fully develop the sector. ON THE RISE: Both passenger…