Cape Coast, Ghana
Sub-Saharan Africa

Ghana has marked some recent successes, such as planting for food and jobs and free secondary education. But President Akuffo-Addo also faces challenges fulfilling some of his election pledges—including setting up a factory in each of the nation’s 216 districts, one dam for every village and providing free high school education.

Real GDP growth was 6.5% in 2019 in the country, up from 6.3% in 2018. The services sector contributed most to economic growth in 2019 (2.8 percentage points), followed by industry (2.4 percentage points) and agriculture (1.3 percentage points). Growth in non-oil activities slowed to 5.8% from 6.5% in 2018. The robust services sector growth (7.6%) was driven by strong expansions in Real Estate (up 19.9%) and information and communication technology (ICT) (up 46.5%) activities, while growth in industry was mainly supported by mining and quarrying. Agriculture grew by 4.6%, supported by favorable weather conditions and the Government’s flagship program Planting for Food and Jobs.

The headline fiscal deficit was 4.7% of GDP in 2019, while the overall fiscal deficit, including financial and energy sector costs, reached 7% of GDP, the same level as in 2018. Total revenues at 14.8% of GDP were 0.3% of GDP higher in 2019 than in 2018. The government’s commitment to close the financing gap for the comprehensive Energy Sector Recovery Program (ESRP), which began in May 2019, added an estimated 1% of GDP to the budget. Furthermore, the financial sector clean-up, which started in 2018 and progressed into 2019 with a broader mandate to resolve insolvent banks and reform Special Deposit-taking Institutions, resulted in an additional cost of 1.3% of GDP to the fiscal budget.

Source: World Bank, Ghana Country Overview

Investment OpportunitiesDescribes the number of investment opportunities in the country.
Most Affected SDGsDescribes the three priority SDGs the investment opportunities address in the country.
Zero Hunger (SDG 2) Good health and well-being (SDG 3) Sustainable Cities and Communities (SDG 11)
Priority Target SectorsDescribes the three priority sectors the investment opportunities address in the country, based on the SASB Sustainable Industry Classification System®️ (SICS®️) classification.
Food and Beverage, Infrastructure, Health Care
Ease of Doing Business ScoreDeveloped by the World Bank, the Ease of Doing Business Score helps assess the absolute level of regulatory performance over time. An economy’s ease of doing business score is reflected on a scale from 0 to 100, where 0 represents the lowest and 100 represents the best performance.
See the World Bank Ease of Doing Business site for more information.
Human Development IndexDeveloped by the United Nations Development Programme (UNDP), the Human Development Index is a summary measure for assessing a country’s long-term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living.
See the UNDP Human Development Index site for more information.


Opportunities 13 Investment Opportunity Areas