Ghana Industry Articles & Analysis

Chapter | Industry & Retail from The Report: Ghana 2017

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. With recent changing economic conditions, including high inflation and interest rates, limited and irregular power supplies, currency...

The Ghanaian economy is well positioned to accelerate growth, with several key factors likely to encourage expansion in the coming years.

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The launch of gold production at several new mining sites and a recovery in gold prices appear to be offsetting a trend towards decline in Ghana’s gold production and revenue, while ongoing exploration backed by greenfield investments is signalling further untapped potential in the country’s gold mining. These developments, along with the...

 

What benefits will result from the formalisation of small-scale mining (SSM)?

 

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...

 

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,...