Ghana is one of the most stable states in West Africa, and (according to some sources) the world’s fastest growing economy, boasting the highest GDP per capita in the region. Ghana is the world’s seventh-largest producer of gold and second-largest producer of cocoa.
Ghanaian economic strategy is defined by ‘The Coordinated Programme of Economic and Social Development Policies 2017 to 20124’, the four key goals of which are to build a prosperous country, create opportunities for all Ghanaians, safeguarding the natural environment and maintaining a stable, united and safe country.
Ghana owes its economic success to political stability and good governance and is also blessed with ample natural resources as well. In addition to gold, the country has large deposits of diamonds, manganese and bauxite. The country is a major producer of natural gas, and the country is believed to have around 5 to 7 billion barrels of oil in reserve.
In recent years, Ghana has sought to diversify its energy sector. The government is especially keen to invest in bio-energy, and the Ghana Renewal Energy Act provides incentives for renewable energy development.
Services account for around half of Ghana’s GDP, employing around 28% of the workforce. However, around 54% of Ghana’s workforce are still engaged in agriculture.
Our local consulting firm was established in 1998 and offers a full range of professional services to domestic and forgein clients.
Latest insights, case studies and news from across the network
HLB International Business webinar EPS 7. Investor opportunities: Navigating Africa's deals climate
Together with Orbitt, our HLB panellists will cover an outlook of Africa’s investment ecosystem, African trends in deal activity and M&A tax consideration for some of the key African jurisdictions.
US tax reform impacts inbound foreign companies
What are the implications of the US tax reform on inbound foreign companies?
The organisation of working hours: New labour regulations in Spain as of 12 May 2019
Spanish regulator issues new obligatory working time records law, which requires all employers to record the number of hours worked by each employee.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation