Economic development continues to drive Ghana’s need for expansion and renovation of transport infrastructure. With ongoing offshore activities and an increasing number of construction projects across the country, the government recognises the need for reliable transport services. As the country works to situate itself as a key gateway to West Africa and with an economy set to grow more...
Agriculture is fundamental to Ghana’s economy and employs almost 50% of the population. Although its share of GDP has decreased in recent years, it continues to be vital to growth. While low levels of mechanisation and the effects of drought and climate change are threatening to slow or curtail sector growth, the government’s commitment to investing in technologies and establishing new...
With prices on stronger ground in global markets, mining companies are starting to display renewed interest in gold projects. In Ghana this precious metal represents more than 80% of mining activities, and an uptick in gold prices has led to a flurry of activity, with companies signing agreements, initiating production and seeking land for exploration. While a raft of fiscal changes aimed at...
Ghana’s energy consumption continues to expand, underlining the urgency of boosting generation capacity and improving access to power. While the government is working to further streamline the utilities sector and increase installed capacity to improve efficiency and ensure supply, it is also looking for private partners to assist with securing funding and reforming a number of its core...
The Ghanaian banking sector had a difficult year in 2015, amid weakening macroeconomic conditions in the country. Growth fell below the rate seen in 2014, while non-performing loans rose significantly. However, banks used 2016 to retrench, lower their risk exposure and attempt to turn around weaknesses in their loan portfolios that were held over from 2015. Additional uncertainty created by...
For several years Ghana was one of the leading lights of the “Africa rising” narrative, with double-digit growth rates that ranked at one point among the highest in the world. The discovery of oil, bumper crops of cocoa and an influx of new investment sus¬tained a robust expansion of GDP. Now, however, though the fundamentals remain attractive, short-term pressures have led to a downturn....
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