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...
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...
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...
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....
Although often overlooked by outside investors, small miners play a central role in Ghana’s gold industry. Counting groups and individuals, both regulated and unlicensed, they account for nearly 35% of total production, according to 2013 figures from the Minerals Commission. As the Ghana Chamber of Mines (GCM) points out, this is 10 percentage points higher than Gold...
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...
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