Ghana - Country Commercial Guide
Market Opportunities

Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities

Last published date: 2022-03-16

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 of the West African region.  Ghana, with assistance from a range of international development partners, will continue to upgrade its electricity transmission and distribution systems to achieve its goal of becoming a regional exporter of power and to shed its expensive excess power capacity.

As oil and gas production shows growth, opportunities for auxiliary services will continue to rise. Although Nigeria remains the sectoral hub for West Africa, because of the relative ease of doing business and the presence of major players in the offshore sector, Ghana likely will attract more companies establishing a local or even regional presence in the market.

The mining sector, including gold, bauxite, manganese, diamonds and salt, 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 pursuing the expansion of local value-added processing.

The Ghanaian construction industry has demonstrated sustained growth, with major construction activities in roads, highways and bridges, coastal works, and residential buildings. Success in this sector will be closely tied to the availability of appropriate financing opportunities. Construction equipment, particularly re-conditioned equipment, is likely to continue to be a promising sub-sector.

The automotive industry presents a new opportunity as the government seeks to establish Ghana as the hub for assembling automobiles in the sub-region. This has begun with companies such as Toyota, Volkswagen, and Mahindra. In connection with this, several tax waivers and other incentives are being offered to attract Original Equipment Manufacturers to establish assembly plants from both Semi Knocked Down and Completely Knocked Down kits.