Construction & Real Estate

Click here for our 2022 analysis of Ghana’s Construction and Real Estate sectors

Ghana’s construction sector is growing, led by the development of affordable housing and critical infrastructure such as roads, railways, ports, hospitals and schools. It has also been bolstered by a steadily growing economy, which is expected to continue at a GDP growth rate of 6.8% in 2020. Improvements in land registration and permit systems reflect the authorities’ efforts to address structural challenges. There is significant potential in Ghana’s real estate sector as the government implements initiatives aimed at increasing the affordable housing stock and establishing a robust mortgage market. After continued expansion in excess of 3% per year in real terms between 2015 and 2017, a slowdown in 2018 reflected weaker demand across the residential, commercial and retail segments, according to a 2019 report from the Ghana Statistical Service. This chapter also contains an interview with Nana Kwame Bediako, CEO, Kwarleyz Group.