Often referred to as the backbone of Ghana’s economy, agriculture has traditionally been the largest sector and biggest employer in the country, bolstered by diverse commodities and strong ties to European markets. However, agriculture’s economic contribution has dwindled as the sector has shown low growth in recent years, with its contribution to...
Harnessing domestic natural gas to power the electrical grid will be one of the most immediate economic benefits of the recent hydrocarbons finds. The government is racing to construct the infrastructure to transport the gas produced at the Jubilee field, turn it into feedstock, and supply Takoradi’s thermal power plants. However, the project has...
As the first flush of exploration and production in Ghana’s offshore oil winds down, there is little planned greenfield investment in Ghana’s oil fields for 2013. Part of this is a result of domestic developments: in the first half of the year, with litigation over the 2012 results of the presidential election pending, debates over a revised...
A key pillar of agricultural and export activity in Ghana, cocoa is the most important and valuable crop grown in the country. Vying with Côte d’Ivoire for the title of world’s largest cocoa producer, Ghana has seen phenomenal growth in its cocoa industry since national hero Tetteh Quarshie introduced the crop in the 19th century. Today, cocoa is...
Rice production in Ghana has fallen under intense scrutiny in recent years, as the government works to reduce its agricultural imports by raising domestic production. However, as consumer patterns shift and rice consumption grows, the gap between local demand and supply has risen. Heavy import demands for rice cost the country millions annually,...
Six of the world’s 10 fastest-growing economies over the past decade were in sub-Saharan Africa, including Ghana. The nation’s growth is the result of commodity-fuelled expansion, which has been helping underwrite a surge in the country’s financial services sector, and the insurance market is no exception. While penetration is still modest by...
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