Ghana’s new administration is looking to further capitalise on tourism as a source of foreign exchange. The 2017 budget set specific goals for the sector, including ensuring sustainable tourism development, increasing participation in international conferences and developing standards for new tourism enterprises. With a number of promotion initiatives under way, the sector is making a...
Ghana’s slowdown had a noticeable impact on the construction sector. However, its prospects appear to be brightening, with sizeable capital allocations in the government’s budget and growth of 3.7% targeted for the industry in 2017. New government initiatives and increased oil revenues are hoped to bring further opportunities for infrastructure and real estate projects, with a range of factory...
With the urbanisation rate and the vehicle-to-population ratio increasing steadily, and exports on the rise, there is growing pressure on transport infrastructure in Ghana. These are indicators of increased economic opportunity, but they also contribute to congestion on the roads, at ports and in the air. The overall growth of the past decade has challenged the sector to keep pace, and...
Ghana was one of the first countries in Africa to liberalise and deregulate its telecoms industry. The sector is well established, and has a high penetration rate in voice and data services, bringing a range of content to consumers and posting steady growth. Both private operators and public bodies are pushing forward on geographic coverage and network expansion, while service improvement has...
Industry is at the centre of government plans to transform the economy from one reliant on its resource base to one driven by value-added exports. The current administration has laid out a series of plans to achieve these goals and build strong value chains around key industries, announcing a number of policies designed to support the industrial agenda and expand production. The performance of...
Employing over half the national labour force, agriculture has long played a pivotal role in Ghana´s economy, and its key agriculture product, cocoa, is one of the top-three export commodities. After years of slower growth, the sector is poised for a revival, particularly given the strong government and private interest in advancing development through technological innovation. As long as...
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