Ghana is one of the most conducive social, political and economic environments in Africa to do business. The West African country has abundant natural resources, a well-diversified export profile compared to peers in the region, a highly educated workforce, and an independent judiciary and press. The nation, which is positioned geographically to serve as a hub for businesses operating throughout the region, has consistently ranked at the top of the Best Places in Africa to Do Business. As a result of its enviable position, Ghana continuously attracts significant investments from all corners of the globe and to all sectors of its economy – from agro-business to telecommunications to banking to consumer goods and services.
A newly formed government, under the direction of President Nana Addo Dankwa Akuffo-Addo, is determined to turn the economy around by enforcing fiscal discipline, curbing inflation and interest rates, and investing in private sector driven growth dramatically transform the economy. With inflation on the decline and the Cedi stabilized year to date, surveys show a positive outlook for business sentiment in the country. According to the World Bank, economic growth for the country is expected to accelerate, spurred by improvements in both the oil and non-oil sectors.