Private investment has been key to transportation infrastructure in Ghana for over a decade, but implementation of public-private partnerships (PPPs) and related legislation has been slow to materialise. In 2011 the World Bank reported Ghana faced an infrastructure deficit that required $1.5bn in investment per year over the next decade. Aware...
Economic development continues to drive Ghana’s need for expansion and renovation of transport infrastructure. While forecasts for economic growth have been reduced, the IMF still expected its economy to grow at a rate of 4.5% in 2016, compared to 3.9% in 2015. With ongoing offshore activities and an increasing number of construction projects...
Increasing efficiency at its ports is key for Ghana’s objective of becoming a regional trade hub. The country currently ranks 154th on the World Bank’s 2017 Doing Business index in the trading across borders category, compared to neighbouring Côte d’ Ivoire at 150th and Togo at 117th. It is estimated that the import clearance process in Ghana...
Working in concert with the International Finance Corporation, Ghana passed the Credit Reporting Act of 2007, which established licensing and operational guidelines for the credit referencing industry, and obliged financial institutions to share data with licensed credit bureaus. Since that time, Ghana has been slowly building its credit...
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