Rising living standards, falling unemployment rates and lower inflation point to a turnaround in consumer demand in Ghana in the years ahead. After a slowdown in the uptake of retail space, renewed consumer confidence and increasing purchasing power could provide renewed impetus for the sector’s growth.
Ghana’s industrial sector has emerged as a significant driver of growth in recent years as the country leverages its abundant natural resources to diversify the economy and attract investment. Industrial development and import substitution underscore major projects and initiatives throughout the sector, and the government has simultaneously...
As part of a broader strategy to establish Ghana as a leading centre of ICT innovation in sub-Saharan Africa, the government announced the release of a new digital roadmap in May 2019. This new strategy is set to consolidate and build upon increased digitisation of public services, while leveraging the rising use of digital technologies by...
While e-commerce has become well established in more developed markets, the segment has been slower to take off in emerging economies. Online purchasing has been held down in these markets by financing, purchasing and logistics challenges. Nevertheless, online sales are growing rapidly in many developing countries in spite of these obstacles....
The One District, One Factory (1D1F) initiative was launched in 2017 as part of the government’s 10-Point Industrial Transformation Agenda released in the same year. Aimed at developing local industry through small and medium-sized enterprises (SMEs), the strategy hopes to establish a factory in 110 of Ghana’s 275 districts. By developing...
While cocoa remains the dominant source of agricultural export earnings, a number of other tree crops, including cashew, coffee, coconut, oil palm, mango, rubber and shea nut, have seen promising harvests over the past few years. In an effort to capitalise on this potential to diversify revenue, the administration of President Nana Akufo-Addo...
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