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Analysis

How Ghana seeks to bolster local manufacturing capacity
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The African Continental Free Trade Area (AfCFTA) was established in 2018 after an agreement between 44 member states of the African Union (AU) and was officially launched in January 2021. The pact aims to significantly reduce or eliminate tariff and non-tariff barriers on the continent, facilitate a single continental market for goods and services, and enable the free movement of people and investment.…

Analysis

How Covid-19 accelerated Ghana's shift to e-commerce
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E-commerce and digital transactions have expanded rapidly in Ghana, a trend that accelerated during the Covid-19 pandemic as health-related restrictions limited foot traffic in malls, prompting greater levels of online retail activity. A corresponding increase in mobile money payments and transfers was supported by quick interventions by the Bank of Ghana (BoG), the country’s central bank. Efforts…

Analysis

What impact did Covid-19 have on Ghana's digitalisation efforts?
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Ghana has taken significant steps to digitise public services and support the shift to online platforms for business and commerce. The rollout of these initiatives, coupled with increased mobile and data penetration, put the economy in a stronger position to navigate the Covid-19 pandemic as many activities migrated online. Policy The government has played a leading role in driving digitalisation,…

Analysis

Which sectors will benefit from Ghana's construction plans?
OBG
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As part of a coordinated approach to infrastructure development, the government has launched various construction programmes in recent years that allow for measurable, tangible progress. Agenda 111 In response to Ghana’s shortage of health care facilities that was highlighted by the Covid-19 pandemic, the government launched Agenda 111, which involves the construction of 111 hospitals throughout…

Analysis

Post-pandemic growth prospects in Ghana's real estate sector
OBG
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The effects of the Covid-19 pandemic have been felt more acutely in some segments of Ghana’s property market than in others. Therefore, sector recovery and growth will likely be fragmented as all areas adapt to medium- and long-term shifts in market dynamics. Office Space In 2019 demand for grade-A office space increased, yet it was significantly outstripped by supply. Average rents that year were…

Analysis

Can the global shipping industry chart a path to decarbonisation?
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As environmental concerns become increasingly pressing for governments and businesses, the shipping industry is taking steps to reduce its carbon footprint. As part of global sustainability trends, companies around the world are shifting to more environmentally friendly processes in their operations and investment programmes. Shipping firms are no different, and many are working to lower their carbon…

Analysis

How Ghana is improving transport networks in rural areas
OBG
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Ghana’s rural areas contribute significantly to economic output. According to the Ghana Statistical Service, the agriculture, and mining and quarrying sectors – typically located in rural areas – contributed a combined GHS117.7bn ($20.1bn) to GDP in 2020, or 32.7% of the total. However, poor connectivity prevents many rural businesses from reaching their full potential. While developing the road…

Analysis

Why Ghana is focusing on domestic tourism
OBG
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Tourism in Ghana – as was the case in the rest of the world – was negatively affected by the Covid-19 pandemic, which led to widespread health restrictions and limited the ability of people to move across borders for business or leisure travel. Globally, the number of international tourist arrivals decreased by 74% in 2020 compared to 2019 levels. The decline was as high as 80-90% in developing…

Analysis

Simplification of tax compliance in Ghana
OBG
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The value-added tax (VAT) regime in Ghana can be complicated, as it blends both the features of a traditional sales tax, which lacks the ability to claim credit for some aspects of the tax incurred by a business – and a pure VAT, where claims are permitted for input taxes incurred. The tax was first introduced in 1995, and meant to replace both sales and services taxes – which policy analysts said…

Analysis

How private enterprises are supported by Ghana's legal system
OBG
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A series of laws were passed in recent years aimed at supporting the development of Ghana’s private sector. These changes addressed long-standing impediments to investment and created a supportive regulatory environment that facilitated the growth of entrepreneurships; micro-, small and medium-sized enterprises (MSMEs) and large corporations. Insolvency & Restructuring The Corporate Insolvency…