Construction & Real Estate
From The Report: Ghana 2019
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A budget prioritising infrastructure investment, one of the world’s fastest-growing economies and strong demand from demographic growth are the main factors driving the Ghanaian construction and real estate industries. In the construction sector public projects to build and improve roads, railways and social infrastructure are in the pipeline, in addition to the $5bn in UN-backed investment in affordable housing to address the country’s shortage. The sector’s growth has led to renewed calls for the establishment of an official body to regulate and promote construction business, particularly to support domestic companies and tackle malpractice. As for the real estate sector, thanks to a robust economy and the government’s reform programme, various segments, from high-end residential real estate to industrial and logistics property, are performing strongly. Growth is set to continue through 2019, though investors are keeping an eye out for downside risks and segments in which there is oversupply.

Articles from this Chapter

Overview

Strong prospects as the government signals the establishment of: a new regulator and prioritises infrastructure investment Building support
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A budget prioritising infrastructure investment, one of the world’s fastest-growing economies and strong demand from demographic growth are the main factors driving the Ghanaian construction industry. Public projects to build and improve roads, railways and social infrastructure are in the pipeline, in addition to the $5bn in UN-backed investment in affordable housing to address the country’s shortage. The sector’s growth has led to renewed calls for the establishment of an official…

Analysis

Cement producers and importers look to expand operations: Concrete plans
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With the construction industry growing at a lively pace, Ghana’s cement market has continued to expand, encouraging both local producers and importers to make investments for the future. Key Players Ghana’s primary market player Ghacem was founded by the government in 1967 in partnership with Norway’s Norcem AS. The participation of foreign investors in the company has continued since, and the current majority owner is Heidelberg Cement, one of the largest building materials companies…

Overview

Market uptick in second half of 2018 set to continue into 2019: Cautiously optimistic
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Ghana’s real estate sector has gone through peaks and troughs over the past decade, mirroring the economy’s turn from the oil boom in 2010 to the mid-decade slowdown. The market started to tick upwards in 2018 thanks to a robust economy and the government’s reform programme, and various segments, from highend residential real estate to industrial and logistics property, are performing strongly. Economic and demographic factors should continue to drive growth through 2019, though investors…

Overview

As urban populations undergo rapid growth around the globe,: planners are striving to create efficient spaces Sustainable urbanisation
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In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will host 60% of the world’s population – up from 54.5% in 2016 – with the pace of urban growth especially rapid across Africa and parts of Asia. Urban areas are home to more than 470m people in Africa, accounting for 40% of the continent’s population,…