Although the domestic market is relatively small, with one of the world’s fastest-growing economies and an upwardly mobile population, Ghana is increasingly attractive for producers and retailers of consumer goods. Suddenly flush with cash, the ranks of Ghana’s high-income shoppers are growing and they are buying up imported products from $10,000...
As government infrastructure initiatives and strong real estate growth spur expansion in the construction industry, cement producers in Ghana have felt the effects of high demand keenly. Although undersupply was an issue in 2012, a number of new facilities under construction set to begin production in 2014 should keep the industry’s three major...
After cocoa exports and gold mining, tourism is the top foreign currency earner in Ghana’s economy. The sector generated some $694m of foreign currency for the government in 2012. Though tourism’s status as the third-highest earner may soon be challenged by other sectors, it will remain an industry with high potential for growth and an important...
In 2013, President John Dramani Mahama took a moment during the annual “State of the Nation” address in Accra to hail the rise of the domestic telecom sector, noting that telephone subscriptions in Ghana had more than doubled since December 2008. The remark highlighted the industry’s success in increasing penetration beyond the regional averages....
With the economy growing at record rates, the authorities are working to keep pace with rising demand for water, power and sanitation. Compared to many neighbouring countries, Ghana’s utilities are in healthy standing, though the sector has not been without problems. Over the past year power outages increased to the point that local industries cited...
Railway rehabilitation and expansion has long been seen as critical to increasing exports and improving Ghana’s transportation network, particularly given the more constrained linkages to the north of the country and to both cocoa- and gold-producing regions. Carrying freight by rail could significantly improve the security and price of domestic...
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