Ghana Industry

A defining characteristic of President Nana Akufo-Addo’s industrial policy is decentralisation. The new administration is hoping to drive economic growth and employment by encouraging the development of industry in every region of the country.

Industry is at the centre of government plans to transform the economy from one reliant on its resource base to one driven by value-added exports. The current administration – which, among other things, is seeking to establish a factory in every one of the country’s more than 200 districts – has discussed moving away from a dependence on cocoa...

The cost and availability of credit is one of the central problems facing Ghana’s industrial sector. Across various segments, a lack of funds and high interest rates have constrained growth for a number of years. However, while many challenges persist, the current administration has made improving the domestic borrowing environment a top...

After grappling with a range of macroeconomic headwinds in the past several years, Ghana is beginning to recover, experiencing an increase in commodity revenues, currency stabilisation and an improving fiscal situation. However, lingering effects continue to complicate the outlook for industrial producers.