– Ghana has long sought to drive growth through industrialisation – Plansfor three industrial cities announced at the end of last year – The GFZA manages a series of industrial and export-focused facilities – The AfCFTA could boostAfrican exports by 29% by 2035 With a focus on driving broader economic development through both manufacturing and the establishment of special…
For many years Ghana has been one of Africa’s top investment destinations, ranking fifth on the continent for foreign direct investment (FDI) inflows between 2011 and 2020, according to World Bank data. The organisation’s figures show the country receiving $32.5bn in FDI over the period, the second most in West Africa after Nigeria, with $45.1bn. The Covid-19 pandemic, however, saw FDI flows fall…
The onset of the Covid-19 pandemic in early 2020 had a dramatic effect on global connectivity. The implementation of border restrictions greatly disrupted the provision of goods and made cross-border travel extremely difficult. To adapt to these challenges, many governments, businesses and institutions moved towards a strategy of regionalisation. For example, in April 2020 the foreign ministers of…
As Africa’s largest miner of gold, the world’s second-largest producer of cocoa and one of the continent’s most promising hydrocarbons players, Ghana has seen healthy growth in recent years. The country weathered the Covid-19 pandemic better than many of its regional and income-level peers, and is forecast to record significant GDP growth in 2022, in part because Ghana’s political stability…
Interview: Michael Oquaye Jr What key reforms need to be implemented to meet the full potential of the African Continental Free Trade Area (AfCFTA)? MICHAEL OQUAYE: The implementation of the AfCFTA agreement is crucial to the continent’s economic development. Launching commercial exchanges is an important step towards the economic integration of what will be the world’s largest economic zone,…
Interview: Yofi Grant How have government spending and investment trends changed during the Covid-19 pandemic? YOFI GRANT: Countries around the world implemented support and recovery packages in response to the pandemic that were aimed at bolstering industry and the wider economy, while also fostering business continuity. There was a tendency for countries to look inwards to see how they could best…
Interview: Humphrey Ayim-Darke How can the private sector and the government support the development of small and medium-sized enterprises (SMEs)? HUMPHREY AYIM-DARKE: Players in the public and private sectors have worked in recent years to support SMEs, a trend that intensified during the Covid-19 pandemic. The Ghana Enterprises Agency, for instance, has been doing a good job in shaping business…
LANGUAGE: English is widely spoken in the country and is the language for government and business affairs. However, knowledge of basic words in Twi – Meda wo ase (Thank you); Wo ho te sen? (How are you?) – or other local languages will be highly valued. ETIQUETTE: Ghana has a relationship-oriented culture. Guests can expect warmth and hospitality but should conform to matters of etiquette,…
TANG PALACE HOTEL Borstal Ave, Airport Residential Area, PO Box 20133 T: (233) 243 500 692/95 www.tangpalacehotel.com.gh/en info@tangpalacehotel.com.gh Rooms: More than 100 rooms, including a presidential suite, a ministerial suite, an executive suite and junior suites, as well as superior and executive rooms, and duplex rooms for families or groups. Business & Conference Facilities: Business…