With a number of international players set to enter the market in the near future, Ghana is currently experiencing a modest hotel boom. This increase in hotel infrastructure is complemented by large-scale transportation developments. New infrastructure projects are creating opportunities for tourist endeavours, as well as providing more rapid...
Multinational beer companies are taking advantage of government incentives and using local cassava to produce low-cost brews targeted at Ghana’s growing consumer base. The population’s rising incomes and low penetration rates attracted global breweries over the last decade, and consumption of traditional malt beer is growing. But the new cassava...
The capacity of Ghana’s state-owned power providers to improve and expand infrastructure with the necessary speed has encountered a number of financial restraints. The Public Utilities Regulatory Commission (PURC) sets the price consumers pay for electricity artificially low, according to the providers. As a result, the three primary firms – the...
The influx of capital and burst of growth that followed Ghana’s discovery of oil in 2007 led to a construction boom in 2011-12, evidenced by the cranes dominating the Accra skyline. Although energy tariffs are rising, revenues from oil, cocoa and gold are flowing into state coffers and gas production is scheduled to commence in late 2013, meaning...
As Ghana’s growth rate continues to hover around 7%, the country’s transportation network is under increasing pressure to keep up with the rise in commodity exports, processed imports and local distribution. The country’s road and railway networks are comparatively well developed in comparison to other regional economies, but as with many African...
Property development in Ghana is growing, with increased demand in the residential, office and retail segments in major urban areas. Currency fluctuations and high levels of inflation have limited expansion, and high interest rates continue to dampen lending activity. However, developments in Grade-A property, spurred by an influx of foreign...
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