While Ghana boasts a number of advantages for manufacturers, including access to a 300m-person regional market, a host of raw material inputs and competitive labour costs, 2014 was a particularly challenging year for the industrial sector. In large part this was due to a declining currency, power shortages, limited credit and high overhead costs. Nevertheless, industry still accounts for 28.4...
Ghana Industry
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Chapter | Industry & Retail from The Report: Ghana 2016
Growing at one of the fastest rates in Africa, Ghana’s insurance sector continues to do well despite the headwinds faced by the overall economy. Analysts and market participants are expecting years of solid performance as awareness, penetration and density increase and converge towards global averages. Companies in the sector are reporting strong profits and good premium growth, while interest...
Situated on the Gulf of Guinea in West Africa, Ghana’s natural resource wealth and status as a stable democracy have helped make it a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind Côte d’Ivoire, and one of the continent’s largest gold producers. Recently discovered reserves of oil and gas have powered the economy to double-digit growth in the past decade.
Ghana’s gold mining industry is hoping for a healthier performance in 2015, with leaner mining operations and a push towards more value addition mitigating the impact of lower prices.
Articles & Analysis | Raising local capacity in metals production and export from The Report: Ghana 2014
With a history that stretches back to the days of independence when Valco Aluminium – at the time Africa’s largest smelter – Ghana’s metals industry has faced significant challenges recently, although it has benefitted from growth the rest of the country is enjoying. Reliant in past years on domestic demand from the extractive sectors, the bulk of the momentum has more...
Articles & Analysis | Efforts are under way to leverage strengths and boost capacity from The Report: Ghana 2014
In spite of its role as one of Africa’s fastest growing economies, Ghana has yet to fully transition its agriculture and resource commodities base into a vibrant and diversified industrial sector. More than 80% of exports are presently made up of gold, oil and cocoa in raw form, pointing to both an opportunity and a need to undertake more processing domestically....