Industry

Following a lengthy process that included various stakeholder consultations and independent reviews, Ghana adopted a Minerals and Mining Policy in February 2016. The policy provides a comprehensive framework for sector governance, seeking to ensure it works as a catalyst for economic growth and contributes to sustainable development.

With prices on stronger ground in global markets, mining companies are starting to display renewed interest in gold mining. In Ghana, this precious metal represents more than 80% of mining activities, and an uptick in gold prices has led to flurry of activity, with companies signing agreements, initiating production and seeking land for...

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.

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...