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...
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 domestic construction boom offers big rewards for steel producers. Residential and industrial developments are consuming supplies of steel products, from rebar and nails to wire netting and corrugated roofing. Despite the enormous potential, the same challenges confronting local industries across the board are also undermining local steel...
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, in recent years, secondary activity has experienced some issues, and industry growth has not quite matched the spectacular expansion seen in other sectors....
Although the domestic market is relatively small, with one of the world’s fastest-growing economies and an upwardly mobile population, Ghana is increasingly attractive for producers and retailers of consumer goods. Suddenly flush with cash, the ranks of Ghana’s high-income shoppers are growing and they are buying up imported products from $10,000...
Multinational beer companies are taking advantage of government incentives and using local cassava to produce low-cost brews targeted at Ghana’s growing consumer base. The population’s rising incomes and low penetration rates attracted global breweries over the last decade, and consumption of traditional malt beer is growing. But the new cassava...
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