Ghana Industry

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Industrial activity in Ghana is supported through the work of a range of ministries, agencies and parastatal groups. Among these, two organisations have been designated as the leading promotional bodies: The Ghana Investment Promotion Centre is tasked with facilitating investment into industrial activity geared toward the domestic market, and the...

In spite of the sudden surge in available hydrocarbons feedstock, the sizeable pool of locally sourced commodities and the country’s comparatively developed links to neighbouring markets, Ghana’s industrial economy is small and import-reliant. Manufacturing makes only a modest contribution to GDP, with a share far smaller than expected in 2012....

Beverage manufacturing is an example of a diversified and competitive industry. Government policies such as tax breaks to allow for importing agro-processing equipment provide incentives, and the increase in disposable income should translate into significant growth in the coming years. Some firms are already tapping into the export market, showing...

Buoyed by high international mineral prices, Ghana’s mining sector continues to post solid growth, with revenues for gold, which remains the country’s biggest export, up by 28% last year. However, concerns are mounting that the government’s plans to overhaul the industry’s tax structure, including the introduction of a new windfall tax, could deter foreign investors.
The second-largest gold producer in Africa, Ghana is looking to maximise the benefits of the mining industry for the overall economy, both by revising licensing procedures and levying tariffs on the sector. It is hoped this will increase local participation in service provision, though some of the measures have provoked concern amongst sector operators.
While Ghana’s economy as a whole is burgeoning, its manufacturing segment has been struggling to meet its full potential, prompting the private sector and the government to work together to ensure that the rising energy and commodity sectors support rather than hinder industrial development.

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