Ghana’s economy is expected to grow by 6-8% in the near term, with services and manufacturing growing at over 9% and agriculture at 3%. The thriving services sector employs about 30% of the country’s workforce. Transportation & storage, energy & power, hospitality and banking & finance are the rapidly growing sub-segments.
Ghana has created a successful business-enabling environment for inward Foreign Direct Investment (FDI), which averaged USD 3bn per year from 2009 to 2012. Investment opportunities are multi-fold, varying from banking & finance to energy, power, transportation and other infrastructure sectors.
The country has clear and extensive regulations in place with an investor friendly regulatory environment. A young economically active population, combined with rapid urbanization, represents rising domestic growth opportunities.
Ghana has received a “High” overall score for Doing Business by the World Bank.
Building on significant natural resources, the nation is committed to improving its physical infrastructure. Moreover, Ghana has recently embarked on an ambitious but achievable reform programme to improve the investment climate for both local and international investors.
These efforts have paid off tremendously with Ghana being recognised by the World Bank Doing Business Report 2014 as the “Best Place for Doing Business in the ECOWAS Region”. Also with the difficult times during last year where most countries did not show good growth levels due to the global economic downturn, Ghana had an economic growth rate provisional of 7.4%.
Ghana has a solid tradition of investments in agriculture and agro-processing. The financial services and telecommunications sectors are fast gaining ground, providing dynamic and innovative services to the most diverse customers in the world. Further opportunities exist in manufacturing, ICT, and Tourism. Mineral deposits including gold and diamond abound, and with the discovery of oil, Ghana’s famous black star has never shone brighter.
Ghana has attracted the attention of well-known international businesses, investing in all sectors of our economy. All these investors have come to Ghana because they know we have a wonderful conducive social, political and economic environment in which they can invest, grow and be successful.