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Ghana

Country Code: 288 | ISO2 Code: GH | ISO3 Code: GHA

Ghana, officially the Republic of Ghana, in West Africa, has a land mass of 238,533km2. It abuts the Gulf of Guinea and the Atlantic Ocean to the south and shares borders with Côte d’Ivoire in the west, Burkina Faso in the north, and Togo in the east.

Ghana has a population of 32.8 million and a GDP of US$77.6bn. Its rapid GDP growth of 7% per annum from 2017 to 2019 was halted by the pandemic, with a sharp decline in commodity exports. After slowing to 0.5% in 2020, growth rebounded to 5.4% in 2021 on the back of agriculture and services sector growth. Recovery was relatively inclusive and labour intensive, with the extractive sector making only small contributions.

The country’s mineral wealth includes gold, manganese, industrial diamonds and bauxite and unexploited deposits of columbite-tantalite, ilmenite, iron ore, limestone, lithium and rutile, while aggregates, bauxite, clay, diamonds, gemstones, gold, manganese, silica sand and silver are also produced. Gold is the most important mineral produced, and accounts for more than 90% of mineral revenues. There has also been a discovery of commercial quantities of oil and gas at the Jubilee Field off Cape Three Points, which has fast-tracked infrastructural development at the Port of Takoradi.

Other important industries are shipbuilding, light manufacturing, cement manufacturing, aluminium smelting, lumbering, cocoa and other food processing.

The Ghana Investment Promotion Centre reported that Ghana secured US$2.6bn of foreign direct investment in 2020, contributing to the registration of 279 projects made up of 129 new projects, 131 upstream development projects and 19 free zones activities across eight regions. These projects were expected to create around 27,110 jobs.

In the first quarter of 2022, GDP grew by 3.3% year-on-year, down from 3.6% in the same period in 2021. Non-oil growth slowed significantly to 3.7% from 5.3%, reflecting a slowdown in agriculture and services.

GDP growth is expected to slow to 3.5% in 2022 and average 3.3% from 2022 to 2024 as macroeconomic instability and corrective policy measures depress aggregate demand.
The fiscal deficit is projected to remain high in 2023 (9.2% of GDP) and beyond.


Sources: Who Owns Whom sector reports, CIA Factbook, African Development Bank, World Bank, Trading Economics, African Statistical Yearbook and IMF.

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Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Access Bank (Ghana) PLC Ghana Stock Exchange 2016-11-25 ACCESS Ghana Active
Agricultural Development Bank PLC Ghana Stock Exchange 2016-12-20 ADB Ghana Active
Aluworks Ltd Ghana Stock Exchange 1996-11-29 ALW Ghana Active
Benso Oil Palm Plantation PLC Ghana Stock Exchange 2004-04-16 BOPP Ghana Active
CAL Bank Ltd Ghana Stock Exchange 2004-11-01 CAL Ghana Active
Camelot Ghana Ltd Ghana Stock Exchange 1999-09-17 CMLT Ghana Active
Clydestone Ghana Ltd Ghana Stock Exchange CLYD Ghana Active
Cocoa Processing Company Ltd Ghana Stock Exchange 2003-02-14 CPC Ghana Suspended
Dannex Ayrton Starwin PLC Ghana Stock Exchange 2020-01-15 DASPHARMA Ghana Active
DigiCut Production and Advertising PLC Ghana Stock Exchange 2018-04-11 DIGICUT Ghana Active
E.S.L.A. PLC Ghana Stock Exchange 2017-11-05 ESLA Ghana Active
Ecobank Ghana Ltd Ghana Stock Exchange 2006-07-00 EBG Ghana Active
Enterprise Group PLC Ghana Stock Exchange 1992-02-21 EGL Ghana Active
Fan Milk PLC Ghana Stock Exchange 1991-10-18 FML Ghana Active
GCB Bank Ltd Ghana Stock Exchange 1996-05-17 GCB Ghana Active
GOIL PLC Ghana Stock Exchange 2007-11-16 GOIL Ghana Active
Guinness Ghana Breweries PLC Ghana Stock Exchange 1991-08-23 GGBL Ghana Active
HORDS PLC Ghana Stock Exchange 2015-08-10 HORDS Ghana Active
Intravenous Infusions PLC Ghana Stock Exchange 2015-12-15 IIL Ghana Active
Mega African Capital Ltd Ghana Stock Exchange 2014-04-23 MAC Ghana Active
Meridian-Marshalls Holdings Company Ltd Ghana Stock Exchange 2015-04-22 MMH Ghana Active
PBC Ltd Ghana Stock Exchange 2000-05-17 PBC Ghana Suspended
Republic Bank (Ghana) PLC Ghana Stock Exchange 1995-05-07 HFC Ghana Active
Sam-Woode Ltd Ghana Stock Exchange 2002-04-24 SWL Ghana Suspended
Samba Foods Ltd Ghana Stock Exchange 2015-05-12 SAMBA Ghana Active
Scancom PLC Ghana Stock Exchange 2018-09-05 MTNGH Ghana Active
SIC Insurance Company Ltd Ghana Stock Exchange 2008-01-25 SIC Ghana Active
Societe Generale Ghana Ltd Ghana Stock Exchange 1995-10-13 SOGEGH Ghana Active
Standard Chartered Bank Ghana Ltd Ghana Stock Exchange 1990-11-12 SCB Ghana Active
TotalEnergies Marketing Ghana PLC Ghana Stock Exchange 1991-07-19 TOTAL Ghana Active
Trust Bank Ltd Ghana Stock Exchange 2002-11-15 TBL Ghana Active
Unilever Ghana PLC Ghana Stock Exchange 1991-08-23 UNIL Ghana Active
ICT and Telecommunications in Ghana
ICT and Telecommunications in Ghana 2024

ICT and Telecommunications in Ghana

Full Report R 20 000.00(ZAR) estimated $ 1084.18 (USD)*

Industry Landscape R 14 000.00(ZAR) estimated $ 758.92 (USD)*

The Beverages Industry in Ghana
The Beverages Industry in Ghana 2023

The Beverages Industry in Ghana

Full Report R 9 500.00(ZAR) estimated $ 514.98 (USD)*

Industry Landscape R 6 650.00(ZAR) estimated $ 360.49 (USD)*

The Wholesale and Retail of Food Industry in Ghana
The Wholesale and Retail of Food Industry in Ghana 2021

The Wholesale and Retail of Food Industry in Ghana

Full Report R 6 500.00(ZAR) estimated $ 352.36 (USD)*

Industry Landscape R 4 550.00(ZAR) estimated $ 246.65 (USD)*

The Beverages Industry in Ghana
The Beverages Industry in Ghana 2021

The Beverages Industry in Ghana

Full Report R 1 900.00(ZAR) estimated $ 103.00 (USD)*

Industry Landscape R 1 330.00(ZAR) estimated $ 72.10 (USD)*

Sea and Coastal Water Transport Industry in Ghana
Sea and Coastal Water Transport Industry in Ghana 2020

Sea and Coastal Water Transport Industry in Ghana

Full Report R 1 900.00(ZAR) estimated $ 103.00 (USD)*

Industry Landscape R 1 330.00(ZAR) estimated $ 72.10 (USD)*