The Cement Manufacturers Association of Ghana (CMAG) has repeatedly pressured the government over the course of the past couple of years to take action against what it views as unfair trade practices, in particular from Nigeria and China. As a result, the government recently adopted protective measures, including establishing mechanisms to...
Ghanaian industry continues to display long-term growth potential across several sectors, including agro-processing, automobiles, pharmaceuticals and fast-moving consumer goods (FMCGs), among others. In the short term, while many firms are investing in boosting productivity to take advantage of existing opportunities, significant challenges,...
By announcing a $26m grant to support local pharmaceutical production, the government has reiterated its support to the development of an industry it views as a pillar of economic growth. The timing of this initiative is welcome, as local firms struggle to obtain financial assistance at affordable lending rates.
While the automobile industry is yet to surpass peak sales levels achieved in 2012, the sector is slowly recovering its breath. The market is still largely dominated by second-hand sales, yet as the economic situation in Ghana stabilises over time, the country’s growing middle class and overall young and urban population could spur the...
Ghana’s retail sector has grown significantly in recent years, attracting a swathe of international retail chains and brands. This is thanks to a growing middle class, a largely young and urban population and a relatively underdeveloped formal retail market.
The retail sector has shown consistent growth in recent years, with the Central Bank of Jordan (CBJ) estimating its contribution to GDP at JD1.13bn ($1.6bn) in 2015. This figure is from a GDP of JD11.4bn ($15.5bn), or around 10% of the overall total. Retail is also a major source of employment. The Department of Statistics (DoS) recorded 173,...
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