Ghana

A range of game-changing infrastructure projects are set to reshape Ghana’s transport sector over the next half-decade, and 2019 should be a year of redoubled investment by the government. The country’s two main ports continue to expand, the budget for road development has increased by nearly 150%, the long-awaited transformation of the railway network is progressing and a new national airline is...

With one of the region’s highest levels of mobile data penetration and a thriving start-up scene, Ghana’s ICT sector is one of the most active parts of the economy, and the government recognises that ICT is a central economic driver and enabler, becoming increasingly active in its support of the industry, while also working to tackle new threats such as cybercrime in its goal of developing Ghana’...

Building on years of robust growth in the sector, Ghana has launched a multifaceted programme to increase its industrial capacity and output. This wave of new initiatives is designed to strengthen the investment environment and boost the value-added component of the country’s manufactured exports. In 2017 manufacturing contributed $6.1bn to GDP, some 12% of the total. Moreover, the combination of...

Ghana is one of the world’s top-10 gold producers and the second largest in Africa. A wave of investments in recent years has boosted production and improved cost efficiency in gold and manganese mining, while the government has acted firmly to improve industry regulation, tackle long-term issues such as illegal activity and environmental damage, and strengthen assaying capacity. Ghana boasts...

The discovery of large offshore oil reserves has had a significant impact on the national balance sheet, with shipments of crude oil representing the second-largest export category in 2017 after gold. Ghana is a relative newcomer to the global hydrocarbons industry, and with proven oil reserves of around 660m barrels and an output of about 126,000 barrels per day, it is a small producer by...

Ghana’s agricultural output increased in 2017 and 2018, driven in large part by government policy and expenditure. According to the Ghana Statistical Service, agriculture grew 5.5% year-on-year in the third quarter of 2018, outpacing general non-oil GDP growth the same year. Industrialisation and productivity improvement programmes are expected to expand the yields from the agriculture sector,...