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Analysis

In the zone: Using various incentives to attract new and foreign capital
OBG
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Industrial activity in Ghana is supported through the work of a range of ministries, agencies and parastatal groups. Among these, two organisations have been designated as the leading promotional bodies: The Ghana Investment Promotion Centre is tasked with facilitating investment into industrial activity geared toward the domestic market, and the Ghana Free Zones Board (GFZB) is in charge of attracting…

Analysis

Staking a claim: Addressing challenges associated with land distribution
OBG
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One of the chief obstacles to propelling progress in Ghana’s agricultural sector is land distribution. Obtaining proof of individual ownership is difficult and most lands are not owned by people but by groups or tribes, often with competing claims. The country lacks a proper registry, along with titles, which has often offered complications to agricultural land acquisition and distribution. FROM…

Analysis

Mutual benefits: The government seeks to strike a balance between incentivising investors and benefitting local communities
OBG
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Despite its long and distinguished history, Ghana’s mining sector encountered a number of difficulties in the post-independence era and began to thrive only once liberalisation policies were passed in the mid-1980s. The Minerals and Mining Law of 1986 set the tone for renewed private investment, with generous terms set out for capital allowance and tax responsibilities. By the early 1990s mining…

Analysis

Fuel for growth: While gas is key to government plans, work to get it flowing is proceeding slowly
OBG
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Among the most important challenges for the government are the development of natural gas infrastructure and the stewardship of the resource. Indeed, the associated gas in the Jubilee Field is considered a more important find for the development of the country over the coming decade than the oil itself. Kofi-Agyeman Boakye, executive director of Emos Consultancy, a local energy advisory firm, told…

Analysis

Sweet reputation: Preserving quality is a priority for the cocoa industry
OBG
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Cocoa is big business in Ghana. The country is the world’s second-largest cocoa producer, occasionally beating its neighbour, Côte d’Ivoire, for the top spot on the international market. Ghana’s cocoa product is widely considered top quality. Cultivated in six of the country’s 10 regions, more Ghanaians are reliant on the production of cocoa for their livelihoods than any other product…

Analysis

Small players, big results: The artisanal mining sector helps to bolster local economies
OBG
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Although large-scale mining still dominates the industry in Ghana, smaller players are taking an increasing share of the market. While much of this artisanal mining is occurring in the formal sector, illegal mining, which threatens the environment, the health of local communities and the operations of large-scale players, is still a challenge for the government. LOCAL FOCUS: The small-scale…

Analysis

The growing business: New initiatives come together to boost agribusiness
OBG
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Agribusiness is considered to be one of the most promising subsectors in Ghanaian industry. However, save a few basic processing activities, such as in palm oil production, little is being done on an ongoing commercial scale. In an environment where so many industrial players rely on imported raw materials and semi-finished goods, agribusiness stands out because of the many crops well suited to…

Analysis

Powering up: Looking to the private sector to meet the growing demand for electricity
OBG
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The issue of electricity generation is once again creeping towards the top of the government’s agenda. With plans for rapid economic and industrial growth fuelled by hydrocarbons production, the burden on the country’s grid is likely to increase substantially over the coming years. As such, the moves toward privatisation which occurred in response to a two-decade-long energy crisis in the 1980s…

Analysis

Main agenda: From roads and railways to schools and hospitals, the focus is on infrastructure development for years to come
OBG
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Buoyed by first oil lift in late 2010, the government has placed infrastructure development at the centre of its strategy for economic growth and job creation. Although the funding for infrastructure projects remains a key concern, its central position in government plans bodes well for Ghana’s contracting and engineering firms. HELPING THE ECONOMY: The prominence placed on infrastructure…

Analysis

Subject to scrutiny: Popular debate continues over contracts and revenues
OBG
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One of the most important and often heated debates in the energy sector centres on the revenue agreements between the government and operators. While the contracts for the partners at the Jubilee Field were drawn up as far back as 2005, there is an increasing belief in the media and among local think tanks that Ghana should be getting more from its hydrocarbons reserves. These arguments, which…