With another peaceful transition of power under its belt, Ghana began 2017 with a clear reminder that it is a stable, safe destination for international travellers. However, despite its tropical climate, historical sites and colourful festivals, the country has remained primarily a hub for businesses and consultants, whose arrival numbers have...
Since 2007 Ghana’s real estate market has continued to follow a cyclical trajectory, booming when headline growth is strong, but slowing in recent years in line with the commodity price drop in 2014. The sector is also affected by other pro-cyclical factors: as reported in the Bank of Ghana’s March 2017 “Monetary Policy Report”, the Ghanaian...
As Greater Accra expands, merging with the industrial port town of Tema, Ghana’s growing urban populations are increasingly experiencing the frustrations of mega-city traffic congestion. For example, the Motor Transport and Traffic Department recorded 2890 road accidents in the first quarter of 2017, compared to 2830 the same period of 2016. A...
As Ghana seeks to highlight itself as a compelling alternative to more developed African tourism markets – Kenya and South Africa, for example – positioning the country as a unique and worthwhile destination still requires some marketing work. As Leeford Quarshie, general manager of La Villa Boutique Hotel, told OBG, “There is the need to...
A 2014 World Bank report on Ghana’s demand and supply of labour estimated that over 1m jobs could become available in the country’s developing construction sector between 2015-20, particularly given the expected growth in the residential real estate market and the severe shortage in affordable housing. This employment is estimated to generate...
While Ghana fares relatively well in terms of basic telecoms indicators, private operators and public bodies are working to improve and expand coverage. However, the challenges involved in rolling out infrastructure for mobile networks are considerable, and range from difficulties in obtaining planning rights to high maintenance costs.
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