Ghana Construction Sector Research Highlights

Analysis

Carbon-neutral building and innovation in emerging markets
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As the construction industry redefines its priorities to ensure sustainability, there is increasing recognition of the benefits of regenerative architecture as a means of lowering emissions. According to the “2019 Global Status Report for Buildings and Construction” published by the International Energy Agency, the construction sector accounts for nearly 40% of global energy-related greenhouse…

Interview

John Entsuah, CEO, Devtraco Group: Interview
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Interview:John Entsuah What factors account for the growth in real estate and the challenges regarding land acquisition? JOHN ENTSUAH: The real estate sector’s growth is influenced by a combination of factors, and it is essential to address the challenges that hinder progress, particularly for middle-income earners. The aspirations of such individuals to own a home is driving sector growth,…

Analysis

Ghana's tax incentives encourage investment in affordable housing
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With a housing deficit estimated to be 1.8m units, Ghana is looking to boost the number of residential premises by providing tax incentives to local and foreign investors to develop affordable housing. The country provides such breaksto attract foreign direct investment, and these offers include corporate income tax exemptions, tax holidays, the use of free zones, capital allowances and a guarantee…

Analysis

Ghana's public-private partnerships key to sustainable construction
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The government has been actively promoting and facilitating private sector participation in infrastructure delivery, crucial for economic growth and development through revenue generation, affordable housing and employment. The private sector has been providing expertise, innovation and efficiency, greatly enhancing the speed and quality of infrastructure projects within Ghana. Therefore, partnerships…

Overview

Ghana's infrastructure development driving economic growth
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Construction has been central to the country’s development over the past decade across several sectors of the economy, and notably, from 2013-21, the sector contributed an average of 7.2% to the country’s GDP. Although infrastructure dominates the construction landscape in Ghana, other segments are exhibiting strong growth potential, such as construction in the commercial, industrial, residential…

Overview

Ghana prioritising affordable housing amid rising urbanisation
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In recent years the greater activity and growth in the real estate sector has contributed to Ghana’s continued economic expansion. Private entities own more than 70% of properties in the local residential and commercial markets, according to the report “Construction Sector – Real Estate Development Report 2022” published by Ghana’s GCB Bank in September of that year. Demand for retail and…

Chapter

The Report: Ghana 2024: Construction & Real Estate
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Construction has been central to Ghana’s development over the past decade, contributing 7.2% of GDP between 2013 and 2021. Although infrastructure development dominates the sector, other segments are exhibiting strong growth potential, such as the commercial, industrial, residential and energy spaces. Ghana also has a sizeable untapped market for affordable homes and commercial buildings, which presents…

Country Report

The Report: Ghana 2024
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Despite the impact of the Covid-19 pandemic and other external shocks, Ghana’s GDP growth is expected to moderate in 2024 and 2025 thanks to the proactive measures undertaken by the government. One example of such initiatives is the Domestic Debt Exchange Programme, which has helped stabilise the local economy and provide greater fiscal stability. In 2023 the country was the continent’s leadin

Economic News

New cities set to alter investment landscape in Africa
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En Français – The urban population of Africa is set to reach 722m by 2026, up from 286m in 2000 – Mega-cities face overtaxed infrastructure and urban planning constraints – Ambitious charter city plans to help reshape the continent’s investment landscape – Secondary cities poised to absorb population growth alongside talent and investment With Africa’s population…

Interview

Joseph Aidoo, Executive Director, Devtraco Group: Interview
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Interview:Joseph Aidoo How has the Covid-19 pandemic affected various segments of the real estate industry? JOSEPH AIDOO: We initially saw property sales slow due to the uncertainty that the pandemic brought to people’s lives. Job security was not guaranteed and many couples were no longer sure that it was the right time to start a family, which translated to fewer residential sales. As the…

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Ghana Construction Sector Research Highlights

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