INVESTMENT OPPORTUNITIES

In Ghana, the financial services industry is dominated by the banking sector, though insurance, pension and capital market have emerged in recent times as a result of past financial sector reforms. The implementation of the Financial Sector Strategic Plan (FINSSP) in 2003 promoted the evolution of various financial sector institutions which emerged to meet the varied financial needs  of  the  population.  Consistent  with  the  Government’s  vision,  the  project  has  an underlying theme of establishing an enabling environment supported by effective regulations, with an objective that all savers and investors will have the benefit of regulatory oversight. The operating financial intermediaries include both foreign and local major banks, Rural and Community Banks (RCBs), Savings and Loans Companies (SLCs) and other finance and leasing companies.

The energy sector is the lifeline in the development of any nation. This belief informed the decision to undertake the construction of the first hydroelectric (Akosombo) dam in 1965, which continues to be an important investment in Ghana’s economic history. Over the years with the increased demand by power users for greater security and reliability other sources of power – thermal, solar and lately windmills, as well as imports – have been added to the generation mix. The thrust of Government policy in the energy sector and Ghana’s oil find in commercial quantities is to push for a significant increase in its energy resources to become a net exporter of both power and fuel. The production of Ghana’s oil started in the year 2010.

Ghana’s Communication Technology Sector is viewed as a critical agent in the development agenda  in  the  country.  Telecommunication  services  are  now  relied  upon  for  information delivery to the hinterlands, where access to roads and power is non-existent. Truly, the information age is gaining popularity in Ghana and leading the much-touted infrastructural transformation within its economy.

Ghana’s urban population is moving away from consuming meals requiring long preparation and cooking times and rather towards already-processed foods.

Recent surveys show significant presence of processed foods in retail shops, including milled rice, processed fruits and vegetables as well as frozen meats. However, only about a fifth of these products are locally processed.

Animal production in Ghana plays a major economic, social and cultural role in the lives and livelihoods of small holder farmers, processors and traders. It is a source of protein, hence contributes to balanced human nutrition.

It acts as a bank and insurance in times of urgent financial needs, since it generates cash income. It also helps to maintain soil fertility and structure through manure.

The education sector has evolved and grown steadily over the past decades. However, it has not always kept pace with the economy’s acceleration and diversification in recent years, while in some areas particularly with inclusive education (IE) – long term goals have still not been met. With this in mind, reform and development of the sector has become a priority, an undertaking in which both foreign and private partners are playing key roles.

Agriculture has a greater impact on poverty reduction than other sectors in Ghana’s economy and is critical for rural development and associated cultural values, social stabilization, environmental sustainability and buffer during economic  shocks.  The  sector  currently  employs  about  48%  of  the  total workforce. Although its share of GDP has decreased in recent years, it continues to be vital to growth.