Invest in Ghana
Ghana has attracted the attention of well-known international businesses investing in all sectors of our economy. All these investors have come to Ghana because they know we have a wonderful conducive social, political and economic environment in which they can invest, grow and be successful.
Building on significant natural resources, our dear nation is committed to improving its physical infrastructure. Moreover, Ghana has recently embarked on an ambitious but achievable reform programme to improve the investment climate for both local and international investors.
These efforts have paid off tremendously with Ghana being recognised as the best place for doing business in West Africa according to the Ease of Doing Business Report 2019. The Africa Attractiveness Index of 2018 adjudges Ghana as the most resilient economy in Africa. The government has been committed to policies that make for an even more attractive investment destination to further increase investor confidence and generate more investments. Ghana has experienced significant investments in agriculture and agro-processing.
The financial services and telecommunications sectors have gained ground; and are providing innovative services to the most diverse customer base in the world. Numerous opportunities exist in manufacturing, ICT, and Tourism. Mineral deposits including gold and diamond abound. The Oil & Gas industry is a new frontier in Ghana that has further opened up the country for even more investment opportunities.
Ghana As An Investment Destination
Over the last two decades, Ghana has enjoyed an increasingly stable and deepening democratic governance. Seven successful elections have strengthened the effectiveness of key national institutions, enhanced investor confidence, and anchored the economy in an environment for positive growth.
Today, Ghana is not only the best place for doing business in West Africa, but the fastest growing economy in the world according to the World Bank’s Ease of Doing Business Report 2019. The country has developed into an established business destination for investors seeking a conducive business environment, a committed and progressive government-private sector participation, political stability, transparent regulations, and a dynamic private sector ready for partnerships. The government is committed to implementing policies that reduce the general cost of doing business in order to promote investor confidence in the country. Here are eight reasons to invest in Ghana.
- Ranked as the most stable political environment within the West African sub region and fifth in Africa, Ghana has established democratic institutions and systems to ensure good governance and rule of law in the country – AfricaBenchmark Country Report (ABCR, 2017).
- Best judicial system in the world measured by rule of law, World Justice Projects (WJP) Rule of Law Index 2017-2018.
- #2 in West Africa, Global Peace Index 2018.
- Ranked best place for doing business in West Africa according to the Ease of Doing Business Report 2019 (114th globally).
- Best destination in Sub-Saharan Africa (A.T Kearney Global Services Location Index (GSLI), 2017.
- Most competitive economy in the West African sub region and #10 in Sub Saharan Africa, (World Economic Forum Global Competitiveness Index 2018).
- #2 FDI destination in West Africa & #7 in Sub-Saharan Africa (EY Attractiveness Survey 2018).
- Growing population of ~2% p.a. with increasing urbanization and growing middle class – composed of individuals with a daily income of at least $8.44 – that exceeds 1m people (KPMG).
- #2 largest cocoa producer in the world and Africa’s biggest gold miner after South Africa.
- Geographically closer than any other country to the center of the planet. An average of 8 hours of flying time to Europe and the Americas. World Population Review (WPR).
- Refurbished world class airport within the West African sub region serving numerous flights from within the continent, Europe and the rest of the world.
- Home to one of West Africa’s largest ports (Tema which is currently being upgraded to handle 3.5 million TEUs) centrally located in West Africa. (Aecom Projects).
- Good network of trunk roads and financial services.
- Immediate access to the over 350m market of the Economic Community of West African States (ECOWAS).
- Availability of skilled and trainable labour.
- One of the most competitive minimum wages in the West African sub region at an annual average rate of $558.
- One of the highest literacy rates in the West African sub –region (World by Map 2018).
- #6 overall in Africa – Mo Ibrahim Index of African Governance of African Governance (IIAG 2018).
- #5 in Africa for Human development.
- #6 for Safety and Rule of Law.
- Most resilient economy in West Africa, (African Attractiveness Index 2018).
- B – positive (Standard & Poor’s).
- B – stable (Fitch Ratings).
- B3 – stable (Moody’s Investors Service).
- Enviable 20-year political stability record.
- World Justice Projects Rule of Law Index 2017-2018 – Best Judicial system in the world measured by the rule of law.
- International business recognition.
- Ease of Doing Business Report 2019 – Best place for business in West Africa.
- No. 2 FDI destination in Africa and No. 7 in Sub-Saharan Africa.
- A natural gateway.
- One of the largest Ports in West Africa and centrally located in the sub-region; undergoing an upgrade to handle 3.5million TEUs.
