Industry & Retail
From The Report: Ghana 2020
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Ghana’s industrial sector has emerged as a significant driver of growth in recent years as the country leverages its abundant natural resources to diversify the economy and attract investment. Industrial development and import substitution underscore major projects and initiatives throughout the sector, and the government has simultaneously implemented business reforms and fiscal measures in order to tackle structural challenges and improve investor confidence. Rising living standards, falling unemployment rates and lower inflation point to a turnaround in consumer demand in Ghana in the years ahead. After a slowdown in the uptake of retail space, renewed consumer confidence and increasing purchasing power could provide renewed impetus for the growth of the retail sector. This chapter also contains interviews with Kojo Aduhene, CEO, LMI Holdings; and Ramesh Sadhwani, Joint Managing Director, Melcom Group.