Vast mineral resources have served as a primary driver of Ghanaian economic growth in recent decades, and 2012 was another banner year for the mining industry. Ghana was the world’s eighth-largest producer of gold in 2012. At the same time, production of bauxite, a key aluminium property, increased, while deposits of diamonds and manganese continued to attract international investment. Overall,...
Ghana Industry
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Chapter | Industry & Retail from The Report: Ghana 2013
Given the country’s growing consumer population, limited product penetration and stable business environment within ECOWAS, the manufacturing sector in Ghana has impressive potential. However, like many countries in the region, commodities have taken precedence over industrial growth. As a result, manufacturing contributed 6.9% to GDP in 2012, a significant drop from 10.2% in 2006. Imports of...
The Republic of Ghana has experienced two peaceful handovers of power in the two decades since it has returned to civilian, multiparty democracy and has gained a deserved reputation as a bastion of stability. However, in recent years, it has been the country’s economic performance in the headlines.
Located on Africa’s western coast, Ghana is home to 24m people and a variety of ethnic groups. The country is divided into 10 administrative regions and has a strong executive branch, a unicameral legislature made up of 230 members, and an independent judiciary.
Ghana’s industrial sector is still quite small and import-reliant, with manufacturing making just a modest contribution to GDP. The sector has traditionally been based around a few key products, including cement, metals and agricultural products such as cocoa. However, a new five-year plan for the 2011-15 period has established the aim of increasing industrial competitiveness. This will largely...
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