Overview

What is Ghana doing to broaden its insurance penetration?
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Ghana is well positioned to develop its insurance sector – an imperative made more pressing in recent years due to the Covid-19 pandemic and increasingly frequent weather disasters linked to climate change. According to a 2021 survey conducted by the UN Development Programme, around 70% of Ghanaians do not have access to insurance of any kind, and many of the products available in the market do not…

Overview

How Ghana is becoming a regional energy centre
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International oil and gas prices dropped dramatically in early 2020 when countries around the world, including Ghana, enacted measures to curb the spread of Covid-19. While reduced activity saw demand for fuel drop, this was not the case for all industries. “Contrary to consumer patterns during the pandemic, essential industries such as agriculture did not see reduced fuel consumption,” Fareed…

Overview

Why Ghana's industrial minerals and lithium are forecast for growth
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Mining is a key component both of Ghana’s national economy and the global extraction industry. The country overtook South Africa as the continent’s largest gold producer in 2018 and has held the title since. The Covid-19 pandemic highlighted the mineral’s prominent role, as gold is seen as a safe investment during uncertain times. Although hampered by the pandemic’s impact on daily mining operations,…

Overview

How Ghana is supporting sustainable expansion in agriculture
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With an estimated 44.7% of the workforce employed in the agriculture sector, farming, forestry and fisheries are not only central parts of Ghana’s economy but are key parts of society. Many of the individuals employed in the sector are smallholder farmers, producing a wide variety of products, from coconuts to rice. The country is also the world’s second-largest producer of cocoa beans, after Côte…

Overview

What will drive post-pandemic growth in Ghana's retail sector?
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Ghana’s retail sector has expanded in recent years, bolstered by rising living standards, and lower levels of unemployment and inflation. Taken together, these factors improved consumer confidence and supported customers’ purchasing power. This trend continued into 2021, despite a modest slowdown in response to the Covid-19 pandemic when social-distancing measures resulted in falling foot traffic…

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How can Ghana further develop the industrial base?
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Industry has been a significant source of economic growth for Ghana in recent years, a trend that continued in 2020 and 2021 despite widespread disruptions associated with the Covid-19 pandemic. The sector accounts for a large portion of both employment and exports, underscoring its importance as the government seeks to bolster value-added activities’ contribution to the economy and attract investment…

Overview

How can Ghana become a regional leader in ICT?
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Ghana’s ICT sector has proven to be one of the country’s fastest-growing industries in recent years, with key market players offering more innovative products as data traffic surged amid the Covid-19 pandemic in 2020. Looking ahead, policy efforts are likely to bolster growth due to the strategic importance of ICT in digital and industrial development plans. Structure & Oversight The ICT…

Overview

What is being done to boost real estate ownership in Ghana?
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Ghana’s real estate sector has experienced robust growth since 2018 and presents significant opportunities for investment. Increased activity in the midto high-end residential segment, higher transaction volumes – the majority of which occur in Accra and Kumasi – and the arrival of more expatriates have spurred expansion. Sector growth has been facilitated by multiple government initiatives designed…

Overview

What will drive construction activity in Ghana?
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Ghana’s construction sector contributed an average of 7.5% to annual GDP between 2013 and 2020, and following the economic slowdown resulting from the Covid-19 pandemic, the sector looks set to undergo sustained growth in the coming years. Infrastructure development has been an ongoing priority for Ghana’s government, whose approach to advancing the economy has seen it funnel hydrocarbons revenue…

Overview

How Ghana is bolstering its rail, air and sea transport links
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Ghana’s transport infrastructure has undergone significant upgrades over the course of recent years, boosting the country’s logistics, tourism and industrial capacity. Continued expansion of the industrial sector is a cornerstone of the government’s plans to revamp the economy in order to make it less dependent on commodities and tax revenue. Looking ahead, the efficient movement of both goods…