The 2023 ARCE Conference focused on Proptech in Africa serves as an excellent platform to explore and capitalize on the emerging opportunities in the region's real estate sector. The event brings together industry professionals, investors, entrepreneurs, technology providers, and policymakers to exchange ideas, showcase innovative technologies, discuss market trends, and foster collaborations. What…
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
Ghana’s construction sector is growing, led by the development of affordable housing and critical infrastructure such as roads, railways, ports, hospitals and schools. It has also been bolstered by a steadily growing economy, which has since 2017 outperformed the global economy. Expansion is expected to continue, with a GDP growth rate of 6.8% for 2020. Improvements in land registration and…
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…
Ghana is following a continent-wide trend of a booming population moving towards cities. The World Bank estimated Ghana’s population at 29.8m in 2018, up from 19.3m in 2010. Meanwhile, the proportion of those living in urban areas rose from 43.9% in 2000 to 55.3% in 2017, according to the African Development Bank. These demographic shifts are straining the housing supply. In April 2019 Samuel…
Interview:Nana Kwame Bediakob How can Ghana increase its use of domestically sourced construction inputs? NANA KWAME BEDIAKO: The opportunity for Ghana to increase domestic inputs relates not just to training our large pool of affordable labour, but also to increasing production of materials needed to fuel the country’s evolution. Having to import all of the materials necessary for major…
There is significant potential in Ghana’s real estate sector as the government implements initiatives aimed at increasing the affordable housing stock and establishing a robust mortgage market. After continued expansion in excess of 3% per year in real terms between 2015 and 2017, a slowdown in 2018 reflected weaker demand across the residential, commercial and retail segments, according…
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen…
The Report examines the evolution of the Ghanaian economy over the past 12 months, ranging from the country’s financial regulatory reforms and capital requirements increase, to efforts to improve the ease of doing business and company registration, and the role of industrial parks in boosting the economy. There is also a close examination of the effects of commodity price volatility and new oil
Click here for our 2022 analysis of Ghana’s Construction and Real Estate sectors Ghana’s construction sector is growing, led by the development of affordable housing and critical infrastructure such as roads, railways, ports, hospitals and schools. It has also been bolstered by a steadily growing economy, which is expected to continue at a GDP growth rate of 6.8% in 2020. Improvements in land…