In Ghana, electrification rates have gradually increased over the past 20 years, reaching over 85% of the population. The country relies on a diversified energy mix and hosts the largest hydropower project in West African. With assistance from a range of international development partners, Ghana is continuing to upgrade its electricity transmission and distribution systems to achieve its goal of becoming a regional exporter of power. Ghana previously had excess power capacity, but that excess is diminishing.
Oil and gas production creates opportunities for auxiliary services.
The mining sector, including gold, bauxite, manganese, diamonds, salt, and soon lithium, is a major contributor to the Ghanaian economy. Goods and services exports in this sector represent a significant opportunity for U.S. companies. The Ghanaian government is strongly pursuing the expansion of local value-added processing.
The Ghanaian construction industry has proven to be resilient, especially commercial real estate and given Ghana’s strong demographic trends. Major construction activities include roads, highways and bridges, coastal works, and residential buildings. Developers’ ability to find appropriate financing is a key factor to success. Construction equipment, including re-conditioned equipment, is likely to continue to be a promising sub-sector.
The Ghanaian Government seeks to establish Ghana as a hub for assembling automobiles in Sub Saharan Africa. The Government of Ghana offers tax waivers and other incentives to attract Original Equipment Manufacturers to establish assembly plants from both Semi Knocked Down and Completely Knocked Down kits. Toyota, Volkswagen, Nissan, Suzuki, KIA and Mahindra are already assembling on the market.