List of all articles filed under “ghana-stories” category.
With the changes in population growth, the discovery and exploitation of oil in commercial quantities, huge economic growth, the prospects and their attendant effects on FDIs and tourists arrivals in Ghana, the real estate sector is now a new area to invest in.
Ghana is an attractive destination. The country is growing at an eight percent rate and its business environment is trending in the right direction. The financial sector and the banks in particular are well positioned to support Ghana’s economic growth.
The recapitalisation fever griped Ghana’s financial sector about five years ago, which helped to make most banks in Ghana robust and profitable compared to their peers in the subregion. As of now, Ghana has more than 27 banks.
The financial services sector in Ghana is booming. The country has 28 commercial banks, 100 rural banks, 100s of non-banking financial institutions, etc. Still, not too many Ghanaians have bank accounts nor do any serious financial transactions.
The burgeoning middle class in Ghana is directly affecting the country’s beverage industry, which is growing at about 10 to 15 per cent per annum. Still, the sector has to face some challenges, such as the import of raw materials, an opportunity for investors.
The economy of Ghana is booming and the country is developing fast. However, some challenges such as infrastructure, youth unemployment or energy deficit still have to be faced, and investors have look into turning such challenges into opportunities.
Ghana has been on a path of sustained growth over the past few years and investments in areas such as oil and gas, banking, finance, manufacturing, agriculture, commodities, infrastructure and utilities, among others, are continually on the rise.
