Ghana Industry Sector Research Highlights

Overview

What will drive post-pandemic growth in Ghana's retail sector?
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Ghana’s retail sector has expanded in recent years, bolstered by rising living standards, and lower levels of unemployment and inflation. Taken together, these factors improved consumer confidence and supported customers’ purchasing power. This trend continued into 2021, despite a modest slowdown in response to the Covid-19 pandemic when social-distancing measures resulted in falling foot traffic…

Overview

How can Ghana further develop the industrial base?
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Industry has been a significant source of economic growth for Ghana in recent years, a trend that continued in 2020 and 2021 despite widespread disruptions associated with the Covid-19 pandemic. The sector accounts for a large portion of both employment and exports, underscoring its importance as the government seeks to bolster value-added activities’ contribution to the economy and attract investment…

Analysis

How Ghana seeks to bolster local manufacturing capacity
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The African Continental Free Trade Area (AfCFTA) was established in 2018 after an agreement between 44 member states of the African Union (AU) and was officially launched in January 2021. The pact aims to significantly reduce or eliminate tariff and non-tariff barriers on the continent, facilitate a single continental market for goods and services, and enable the free movement of people and investment.…

Analysis

How Covid-19 accelerated Ghana's shift to e-commerce
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E-commerce and digital transactions have expanded rapidly in Ghana, a trend that accelerated during the Covid-19 pandemic as health-related restrictions limited foot traffic in malls, prompting greater levels of online retail activity. A corresponding increase in mobile money payments and transfers was supported by quick interventions by the Bank of Ghana (BoG), the country’s central bank. Efforts…

Interview

Ramesh Sadhwani, Co-CEO, Melcom: Interview
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Interview:Ramesh Sadhwani To what extent has the global supply chain disruption impacted retailers in Ghana, and how is the industry adapting to this? RAMESH SADHWANI: Like everywhere else in the world, supply chain disruptions have been challenging. We have all been affected by them, although some more than others. Thanks to planning ahead over several months, Melcom has been affected to a…

Interview

Hayssam Fakhry, Managing Director, Interplast: Interview
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Interview:Hayssam Fakhry What are your expectations for the industrial sector during Ghana’s post-pandemic recovery phase? HAYSSAM FAKHRY: While the Covid-19 pandemic has certainly been negative in terms of human health, there were some positive outcomes from the business perspective. The onset of the crisis was a wake-up call for Ghana, as it highlighted the lack of local product variety.…

Chapter

The Report: Ghana 2022: Industry & Retail
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Industry has been a significant source of economic growth for Ghana in recent years, a trend that continued despite the Covid-19 pandemic. While in the past industrial development has been tied to resource endowments such as cocoa, mining and crude oil, diversification of the industrial sector has been a priority of the government since 2017, with a series of fiscal measures aimed at tackling structural…

Country Report

The Report: Ghana 2022
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Ghana is the first African country to achieve independence from British colonial rule, and is widely known for its natural resources such as cocoa, as well as its inland water sources. Several measures have been taken to balance government revenue and spending, and the country remains a safe haven for foreign direct investment, which stood at $830m in the first half of 2021. The most recent genera

Focus Report

Report: How can West Africa boost its textile and garment industry in a sustainable way?

En Français While West Africa is one of the largest producers of cotton, it has the ability to process less than 2% of the crop locally; around 90% is exported to markets in Asia, where value is added through spinning and weaving. The industrialisation of West Africa is therefore essential for the region to fully capitalise on its resources, boost growth and create employment along the value chain. The…

Economic Update

Can West Africa lead the way in creating a more sustainable textiles industry?

– Textile and fashion is the world’s second-largest industrial polluter, behind oil and gas – Concerted efforts are being made to create more sustainable business models – Two solar-powered, sustainable textile plants under construction in Togo and Benin – Increased cotton processing could mean value-added textile earnings stay in West Africa With textiles and fashion expected to…

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Ghana Industry Sector Research Highlights

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