Ghana, officially the Republic of Ghana, is a country located in West Africa, spanning land mass of 238,535 km2 and with a population of 30.3 million.
Ghana is a market-based economy with a GDP of 65.56 billion USD. Ghana has relatively few policy-based barriers to trade and investment compared to countries in the sub-region. It is a multiparty democracy with an independent judiciary, press freedom and freedom of speech.
The largest and the most growing sector in Ghana is the services sector, which currently contributes about 46% of GDP. The Industry sector contributes to between 34% of GDP with industrial activity mainly including mining, manufacturing, quarrying, energy production, water & Sewage and construction. The main challenges to the industrial sector are: Erratic power supply/high cost of energy ,High inflation and exchange rate volatility ,High Cost of setting up a business/ High taxes/multiplicity of taxes/high port charges affecting the importation of machinery and raw materials, Trade liberalization leading to unfair competition, Infrastructural challenges The agriculture sector accounts for 19% of Ghana’s GDP but employs more than half of the workforce, mainly as smallholder farmers practicing low-tech agriculture. Ghana’s main agricultural products are starchy staples like cassava, cocoyam, potatoes and plantain; grains like maize, rice and millet; and vegetables like tomatoes, okra, garden eggs, pepper and cabbage. Ghana also produces cash crops such as cocoa, oil palms, and cashew.
For more general information about doing business in Ghana please see our Doing business in Ghana review.
For in depth sector reviews please see below: