The effects of the Covid-19 pandemic have been felt more acutely in some segments of Ghana’s property market than in others. Therefore, sector recovery and growth will likely be fragmented as all areas adapt to medium- and long-term shifts in market dynamics.
As part of a coordinated approach to infrastructure development, the government has launched various construction programmes in recent years that allow for measurable, tangible progress.
Ghana’s construction sector contributed an average of 7.5% to annual GDP between 2013 and 2020, and following the economic slowdown resulting from the Covid-19 pandemic, the sector looks set to undergo sustained growth in the coming years. Infrastructure development has been an ongoing priority for Ghana’s government, whose approach to...
Ghana’s real estate sector has experienced robust growth since 2018 and presents significant opportunities for investment. Increased activity in the midto high-end residential segment, higher transaction volumes – the majority of which occur in Accra and Kumasi – and the arrival of more expatriates have spurred expansion. Sector growth has...
The construction sector has the potential to drive Ghana’s GDP growth for years to come. Indeed, it contributed an annual average of 7.5% to GDP between 2013 and 2020. However, this could be impaired in the short term due to the pandemic’s negative impacts on already declining global commodity prices. Nonetheless, the country’s political stability and the activation of the African Continental...
As Africa’s largest gold miner and the world’s second-largest cocoa producer, Ghana has witnessed steady growth in recent years. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP.
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