Construction & Real Estate

The construction sector has the potential to drive Ghana’s GDP growth for years to come. Indeed, it contributed an annual average of 7.5% to GDP between 2013 and 2020. However, this could be impaired in the short term due to the pandemic’s negative impacts on already declining global commodity prices. Nonetheless, the country’s political stability and the activation of the African Continental Free Trade Area make construction projects in Ghana an attractive proposition for investors moving forwards. In a similar vein, the country’s real estate sector has also experienced robust growth since 2018, thanks to higher transaction volumes. While sector growth has been facilitated by initiatives to address serious social issues ¬¬such as a lack of accessible housing finance options, the Covid-19 pandemic underscored the need for more reactive government interventions.

This chapter contains interviews with Joseph Aidoo, Executive Director, Devtraco Group; and Kiran Daswani, CEO, The Greens.