Construction & Real Estate
From The Report: Ghana 2019
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A budget prioritising infrastructure investment, one of the world’s fastest-growing economies and strong demand from demographic growth are the main factors driving the Ghanaian construction and real estate industries. In the construction sector public projects to build and improve roads, railways and social infrastructure are in the pipeline, in addition to the $5bn in UN-backed investment in affordable housing to address the country’s shortage. The sector’s growth has led to renewed calls for the establishment of an official body to regulate and promote construction business, particularly to support domestic companies and tackle malpractice. As for the real estate sector, thanks to a robust economy and the government’s reform programme, various segments, from high-end residential real estate to industrial and logistics property, are performing strongly. Growth is set to continue through 2019, though investors are keeping an eye out for downside risks and segments in which there is oversupply.