Ghana Industry

Long dominated by traditional and largely informal markets, Ghana’s retail landscape is undergoing significant change. As with many African frontier markets, formal retailing is beginning to capture a greater share of spend as an expanding middle class increases consumption and becomes more demanding in terms of convenience and variety. The Ghanaian market, according to...

Facing saturation and elusive growth prospects in more established markets, multinational fast-moving consumer goods (FMCG) companies are turning their attention to sub-Saharan Africa, a growing region that, with some exceptions, has been undersupplied when it comes to branded, mass-produced consumer products. A 2012 report by the global consultancy McKinsey Africa...

Like many resource-rich countries, Ghana aims to strike a balance between ensuring revenues generated by its mineral wealth flow back to public coffers and maintaining a fiscal environment conducive to investment. Changes in recent years have increased taxes and royalties on the sector as the government has looked to both boost income as well as standardise practices...

The decline in the global price of gold in 2013 came as costs continued to rise. The resulting squeeze had a significant impact on Ghana’s mining industry, which launched a programme of rationalisation. The stable prices of the following year were too low for some Ghanaian operations to continue, though cost pressures eased. If the gold price rises once more, the leaner...

Occupying ninth place in the global ranking of gold producers, Ghana relies on the precious metal to attract investment, generate jobs and make a major contribution to the economy. Though a fall in the price of gold put a dampener on the sector, and indeed Ghana’s broader economy, in 2013 and 2014, the country’s fundamentals are excellent: it has a long track record, a...