Ghana continues to be one of the most stable countries in sub-Saharan Africa and has developed substantially over the years. Now one of Africa’s fastest-growing economies, the country is starting to move away from traditional resource dependency. However, it faces the challenge of ensuring the widest benefit from that expansion, given its growing and increasingly urbanised population.
Rising traffic and efforts to increase trans-shipment trade are driving the expansion of Ghana’s two main ports, offering opportunities to maritime and terrestrial logistics service providers.
Expanding industrial output, including from its extractive industries, helped Ghana maintain economic momentum throughout 2018, with the prospect of a similar performance in the coming year.
Ghana has launched its first open bid for oil and gas leases, a move aimed at attracting international energy investors to the country’s upstream market.
Ghana’s newly rebased GDP presents a larger and more diverse economy, with greater appeal for lenders and investors.
Ghana is pushing ahead with efforts to strengthen its domestic banking sector, encouraging the consolidation of local institutions.
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