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…
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…
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…
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…
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…
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…
Interview:Kiran Daswani In what ways do you expect housing demand to shift as Ghana’s economy moves into an economic recovery after the Covid-19 pandemic? KIRAN DASWANI: Historically, an economic recovery leads to a higher demand for housing. This upturn in the economy leads to an increase in property prices, as well as more disposable income in the hands of business owners and salaried workers…
The construction sector has the potential to drive Ghana’s GDP growth for years to come. Indeed, it contributed an annual average of 7.5% to GDP between 2013 and 2020. However, this could be impaired in the short term due to the pandemic’s negative impacts on already declining global commodity prices. Nonetheless, the country’s political stability and the activation of the African Continental…
Ghana is the first African country to achieve independence from British colonial rule, and is widely known for its natural resources such as cocoa, as well as its inland water sources. Several measures have been taken to balance government revenue and spending, and the country remains a safe haven for foreign direct investment, which stood at $830m in the first half of 2021. The most recent genera
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system, fostering not only economic, but also cultural links…