Given the country’s growing consumer population, limited product penetration and stable business environment within ECOWAS, the manufacturing sector in Ghana has impressive potential. However, like many countries in the region, commodities have taken precedence over industrial growth. As a result, manufacturing contributed 6.9% to GDP in 2012, a significant drop from 10.2% in 2006. Imports of...
Industry
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Chapter | Industry & Retail from The Report: Ghana 2013
The Republic of Ghana has experienced two peaceful handovers of power in the two decades since it has returned to civilian, multiparty democracy and has gained a deserved reputation as a bastion of stability. However, in recent years, it has been the country’s economic performance in the headlines.
Significant national budget surpluses provide ample funding to invest in industry and support the goals of the National Industrial Strategy 2015-35. The development of technology parks and a focus on electronics and electrical goods can boost the sector. Manufacturing remains the segment’s backbone, though the utilities segment also grew by an impressive 75.2% from 2006 to 2011. While the...
Oil production retains its key role in the economy, however plans are under way to encourage diversification away from hydrocarbons towards an economy that is more knowledge based. The political climate has been characterised of late by a number of disputes, often resulting in either the resignation of the government or the dissolution of parliament, which has contributed to the slow progress of some projects.
Chapter | Energy & Mining from The Report: Cote d'Ivoire 2013
To meet 10% growth in local electricity demand and benefit from the rising regional need for power, Côte d’Ivoire will have to make significant investments in all parts of the power supply chain as well as prioritise increasing natural gas and oil production. With an advanced power infrastructure by regional standards and ample energy resources for electricity production, the country is well...
Chapter | Industry & Retail from The Report: Cote d'Ivoire 2013
Once the industrial engine of post-colonial West Africa, Côte d’Ivoire still retains a commercial and manufacturing fabric that is enviable by regional standards, although its lead over its neighbours has all but disappeared recently. As with other areas of the economy, industry has suffered from the years of political turmoil and economic stagnation from 1999 to 2011. Recovery has been rapid...