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Construction Industry Ghana

The Construction Industry in Ghana 2017

Carole Veitch | Ghana | 09 February 2017

The Construction Industry in Ghana 2015

Carole Veitch | Ghana | 19 October 2015

The Construction Industry in Ghana 2015

Carole Veitch | Ghana | 20 April 2015

The Construction Industry in Ghana 2014

Carole Veitch | Ghana | 21 October 2014

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Report Coverage

The detailed report on the Ghanaian construction industry focuses on conditions in the sector, including current and planned construction projects, as well as factors influencing the industry’s success. Profiles for 25 companies are provided, including foreign multinational companies such as Murray & Roberts Holdings Ltd and China State Hualong Construction Ghana Ltd, which dominate the civil construction market and high-value projects. Also profiled is Micheletti & Co. Ltd, one of numerous local Ghanaian-registered construction companies where partnerships have been established between expatriate and indigenous contractors.

The Construction Industry in Ghana

The US$5bn Ghanaian construction sector, which accounted for 14.8% of the nation’s annual GDP in 2015, is a central pillar of Ghana’s National Development Plan. Provisional estimates released by Ghana Statistical Service on 28 December 2016 indicate that the construction industry recorded a positive growth rate of 16.3% year-on-year for the third quarter of 2016. The industry provides employment for approximately 320,000 people and an estimated 1,500 active building and construction contractors currently operate in the Ghanaian market. Players range from indigenous micro-enterprises and individual contractors to foreign multinational civil engineering and construction giants.

A Challenging Environment

Key constraining factors cited by contractors operating in the Ghanaian market include the difficulty in accessing finance for building and construction projects, project delays resulting from lengthy bureaucratic processes relating to the acquisition of land and securing building permits, the infrastructure deficit and the slow pace of service delivery. Although the sector experienced robust growth for more than two decades, during 2016 there was a slowdown in construction activity and investment in the country’s private sector. This was attributed to the climate of uncertainty preceding the December 2016 elections. However, since the inauguration of the new President, New Patriotic Party’s Nana Addo Dankwa Akufo-Addo, infrastructure development has been prioritised and role players in Ghana’s construction industry are confident that conditions in the sector will improve.

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The Construction Industry in Ghana 2017

Full Report

R 1 900.00(ZAR) estimated $101.74 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 71.21 (USD)*

Historical Reports

The Construction Industry in Ghana 2015-10-19

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2015-04-20

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2014-10-21

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 2
2.2. Geographic Position 3
3. SIZE OF THE INDUSTRY 6
4. STATE OF THE INDUSTRY 17
4.1. Local 17
4.1.1. Opportunities in the Construction Industry 19
4.1.1.1. Transport 19
4.1.1.2. Roads 19
4.1.1.3. Railways 20
4.1.1.4. Ports and Harbours 20
4.1.1.5. Airports 21
4.1.1.6. Energy/Power 22
4.1.1.7. Water Supply and Treatment 23
4.1.1.8. Healthcare 24
4.1.1.9. Education, Sport and Recreation 25
4.1.1.10. Telecommunications 26
4.1.1.11. Residential Building 26
4.1.1.12. Commercial 28
4.1.1.13. Retail 28
4.1.1.14. Hospitality 29
4.1.1.15. Mining and Industrial 30
4.1.2. Corporate Actions 30
4.1.3. Regulations and Government Policies 31
4.2. Continental 34
4.3. International 37
5. INFLUENCING FACTORS 39
5.1. Government Interventions 39
5.2. Economic Environment 40
5.3. Socio-Political and Socio-Economic Environment 42
5.4. Infrastructure Deficit 43
5.4.1. Government Infrastructure Programme Spend 43
5.4.2. Foreign Direct Investment (FDI) 44
5.4.3. Private Sector Investment 44
5.4.4. Public-Private Partnerships (PPPs) 44
5.5. Urbanisation 45
5.6. Local Content 45
5.7. Corruption 46
5.8. Construction Equipment and Materials: Capacity, Quality and Security of Supply 46
5.9. Input Costs 48
5.10. Cyclicality 48
5.11. Health and Safety Concerns 48
5.12. Technology, Research and Development (R&D) and Innovation 49
5.13. Labour 53
5.14. Environmental Concerns 55
6. COMPETITION 56
6.1. Barriers to Entry 58
7. SWOT ANALYSIS 59
8. OUTLOOK 60
9. INDUSTRY ASSOCIATIONS 61
10. REFERENCES 62
10.1. Publications 62
10.2. Websites 63
APPENDIX 1 66
The Global Competitiveness Index 2016-2017: Ghana 66
COMPANY PROFILES 67
AURECON GHANA 67
BEROCK VENTURES LTD 69
CHINA STATE HUALONG CONSTRUCTION GHANA LTD 71
CONSAR LTD 72
DAVID WALTER LTD 75
DE SIMONE LTD 77
DEVTRACO LTD 80
EUGO TERRANO LTD 82
FASAT CONSTRUCTION LTD 84
GROUP FIVE CONSTRUCTION (GHANA) LTD 86
ITALCONSTRUCT INTERNATIONAL LTD 88
JESCAN CONSTRUCTION LTD 90
M BARBISOTTI & SONS LTD 92
MANET INTERNATIONAL COMPANY LTD 94
MICHELETTI & CO LTD 96
MURRAY AND ROBERTS HOLDINGS LTD 98
PROCONSULT LTD 102
PROKO GHANA LTD 104
PW GHANA LTD 106
ROLIDER LTD 108
STRUCTCON LTD 110
TAYSEC GROUP LTD 112
TOP INTERNATIONAL ENGINEERING (GHANA) LTD 114
WBHO GHANA LTD 115
WILKADO CONSTRUCTION WORKS LTD 117

Report Coverage

This report on the construction industry in Ghana focuses on conditions in the local sector as well as market opportunities for construction companies in all the sectors of the economy. It investigates government initiatives as well as recent developments and factors influencing the success of the sector. The report also profiles 25 foreign and local construction companies, ranging from South African subsidiary, Group Five Construction Ghana Ltd, which has operated in Ghana for the last 15 years and was recently awarded a US$374m tender to design and construct a 350MW gas and oil-fired power plant in Ghana’s Kpone municipality, to wholly-owned Ghanaian company, Proconsult Ltd, headquartered in Accra.

The Construction Industry in Ghana

The Ghanaian construction industry valued at US$4.5bn has been identified as a cornerstone of the West African nation’s national development agenda, accounting for more than 12% of Ghana’s annual GDP in 2014.

Opportunities and Challenges

Opportunities in the construction sector abound. The provision of houses is critical, with Ghana’s housing deficit estimated to be in excess of 1.7 million units. The development and rehabilitation of transport networks linking Ghana’s key cocoa production areas to buying centres has been prioritised. Projects to develop railway infrastructure as well as Transit Oriented Developments (TOD) in Accra and Kumasi that will comprise retail developments, commercial space, hotels with conference facilities, as well as residential units are also envisaged. The construction of the US$600m Atuabo Free Port will reduce the operational costs of companies operating in Ghana’s oil and gas fields and the approval by the World Bank of an investment of US$700m in guarantees for Ghana’s offshore Sankofa Gas Project is also viewed as a promising development. Despite the Ghanaian government’s attempts to develop a policy framework that is conducive to enterprise development and foreign investment, growth has been constrained by external and domestic challenges. Ghana Statistical Service (GSS) predicts that GDP will continue to shrink, declining from US$38.5bn in 2014 to around US$36.6bn in 2015. This has largely been attributed to poor macro-economic fundamentals, specifically the weakness of the local currency, which has devalued by more than 20% against the US dollar since the beginning of 2015. Inflationary pressures are also cause for concern with Ghana’s headline inflation reaching 17.3% in August 2015.

Read More..
The Construction Industry in Ghana 2015

Full Report

R 1 900.00(ZAR) estimated $101.74 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 71.21 (USD)*

Historical Reports

The Construction Industry in Ghana 2017-02-09

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2015-04-20

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2014-10-21

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Value Chain 2
2.2. Geographic Position 3
2.2.1. Key Regions and Cities 4
3. SIZE OF THE INDUSTRY 6
3.1. Size of the Industry 6
3.1.1. Key Local and Foreign Players 6
4. STATE OF THE INDUSTRY 16
4.1. Local 16
4.1.1. Corporate Actions 18
4.1.2. Regulations and Government Programmes 19
4.1.3. Opportunities for the Construction Industry 21
4.1.3.1. Transport 21
4.1.3.2. Energy/Power 25
4.1.3.3. Water Supply and Treatment 26
4.1.3.4. Healthcare 27
4.1.3.5. Education 28
4.1.3.6. Telecommunications 28
4.1.3.7. Residential Building 29
4.1.3.8. Commercial 30
4.1.3.9. Retail 31
4.1.3.10. Hospitality 31
4.1.3.11. Mining and Industrial 32
4.2. Continental 33
4.3. International 37
5. INFLUENCING FACTORS 39
5.1. Economic Environment 39
5.1.1. General 39
5.1.2. Effects on the Construction Sector 41
5.2. Socio-Political and Socio-Economic Environment 42
5.3. Infrastructure Deficit 43
5.3.1. Government Infrastructure Programme Spend 43
5.3.2. Foreign Direct Investment (FDI) 44
5.3.3. Private Sector Investment 44
5.3.4. Public-Private-Partnerships (PPP) 44
5.4. Urbanisation 45
5.5. Local Content 46
5.6. Corruption 46
5.7. Construction Equipment and Materials: Capacity, Quality and Security of Supply 47
5.8. Input Costs 48
5.9. Cyclicality 49
5.10. Health and Safety Concerns 49
5.11. Information Technology 49
5.12. Technology 50
5.13. Labour Resources 51
5.13.1. Training and Skills Development 52
5.13.2. Licensing 53
5.13.3. Skills Shortages 53
5.13.4. Opportunities for Foreign Professionals 54
5.14. Environmental Concerns 54
6. COMPETITION 55
6.1. Barriers to Entry 57
6.2. Public Procurement and the Tendering Process 57
6.3. Research and Development (R&D) 57
6.4. Innovation 58
7. SWOT ANALYSIS 60
8. OUTLOOK 61
8.1. Construction Industry Forecast 61
8.2. Macroeconomic Outlook 61
8.3. Political Outlook 61
9. INDUSTRY ASSOCIATIONS 62
10. REFERENCES 63
10.1. Publications 63
10.2. Websites 64
APPENDIX 1 66
The Global Competitiveness Index 66
COMPANY PROFILES 67
AURECON GHANA 67
BEROCK VENTURES LTD 69
CHINA STATE HUALONG CONSTRUCTION GHANA LTD 71
CONSAR LTD 72
DE SIMONE LTD 75
DEVTRACO LTD 77
EUGO TERRANO LTD 79
FASAT CONSTRUCTION LTD 81
GROUP FIVE CONSTRUCTION (GHANA) LTD 83
ITALCONSTRUCT INTERNATIONAL LTD 85
JESCAN CONSTRUCTION LTD 87
M BARBISOTTI & SONS LTD 89
MANET INTERNATIONAL COMPANY LTD 90
MICHELETTI & CO LTD 92
MURRAY & ROBERTS HOLDINGS LTD 94
PROCONSULT LTD 98
PROKO GHANA LTD 100
PW GHANA LTD 102
ROLIDER LTD 104
SINOHYDRO CORPORATION LTD 106
TAYSEC GROUP LTD 109
TOP INTERNATIONAL ENGINEERING (GHANA) LTD 111
WBHO GHANA LTD 112
WILKADO CONSTRUCTION WORKS LTD 114

Extract

Despite Ghana’s reputation as an attractive investment destination, a multitude of economic challenges have reined in the rapid rise of the West African nation...

Description

This report focuses on the construction sector and infrastructure development in the nation described as the poster child of the ‘Africa Rising’ phenomenon; the Republic of Ghana. Given that it supports all sectors of the Ghanaian economy, construction is viewed as a highly strategic industry and has been identified as a cornerstone of the country’s national development agenda.

The Construction Industry in Ghana 2015

Full Report

R 1 900.00(ZAR) estimated $101.74 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 71.21 (USD)*

Historical Reports

The Construction Industry in Ghana 2017-02-09

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2015-10-19

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2014-10-21

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. DESCRIPTION 1
2.1. Value Chain 2
2.2. Geographic Position 3
2.2.1. Key Regions and Cities 4
3. SIZE OF THE INDUSTRY 6
3.1. Size of the Industry 6
3.1.1. Key Local and Foreign Players 6
4. STATE OF THE INDUSTRY 16
4.1. Local 16
4.1.1. Corporate Actions 17
4.1.2. Regulations and Government Programmes 17
4.1.3. Opportunities for the Construction Industry 19
4.1.3.1. Transport 20
4.1.3.2. Energy/Power 21
4.1.3.3. Water Supply and Treatment 22
4.1.3.4. Healthcare 23
4.1.3.5. Education 24
4.1.3.6. Telecommunications 24
4.1.3.7. Residential Building 24
4.1.3.8. Commercial 26
4.1.3.9. Retail 26
4.1.3.10. Hospitality 26
4.1.3.11. Mining and Industrial 27
4.2. Continental 27
4.3. International 30
5. INFLUENCING FACTORS 31
5.1. Economic Environment 31
5.1.1. General 31
5.1.2. Effects on the Construction Sector 33
5.2. Socio-Political Environment 34
5.3. Infrastructure Deficit 35
5.3.1. Government Infrastructure Programme Spend 35
5.3.2. Foreign Direct Investment (FDI) 36
5.3.3. Private Sector Investment 36
5.3.4. Public-Private Partnerships (PPP) 37
5.4. Urbanisation 37
5.5. Local Content 38
5.6. Corruption 38
5.7. Construction Equipment and Materials: Capacity, Quality and Security of Supply 38
5.8. Input Costs 39
5.9. Cyclicality 40
5.10. Health and Safety Concerns 40
5.11. Information Technology 41
5.12. Technology 41
5.13. Labour Resources 42
5.13.1. Training and Skills Development 44
5.13.2. Licensing 44
5.13.3. Skills Shortages 45
5.13.4. Opportunities for Foreign Professionals 45
5.14. Environmental Concerns 45
6. COMPETITION 47
6.1. Barriers to Entry 47
6.2. Public Procurement and the Tendering Process 47
6.3. Research & Development (R&D) and Innovation 48
6.3.1. Research and Development (R&D) 48
6.3.2. Innovation 49
7. SWOT ANALYSIS 50
8. OUTLOOK 51
8.1. Construction Industry Forecast 51
8.2. Macroeconomic Outlook 51
8.3. Political Outlook 51
9. INDUSTRY ASSOCIATIONS 52
10. REFERENCES 53
10.1. Publications 53
10.2. Websites 54
COMPANY PROFILES 56
AURECON GHANA 56
BEROCK VENTURES LTD 58
CHINA STATE HUALONG CONSTRUCTION GHANA LTD 60
CONSAR LTD 62
DE SIMONE LTD 65
DEVTRACO LTD 67
EUGO TERRANO LTD 69
FASAT CONSTRUCTION LTD 71
GROUP FIVE CONSTRUCTION (GHANA) LTD 73
ITALCONSTRUCT INTERNATIONAL LTD 75
JESCAN CONSTRUCTION LTD 77
M BARBISOTTI & SONS LTD 79
MANET INTERNATIONAL COMPANY LTD 80
MICHELETTI & CO LTD 82
MURRAY & ROBERTS HOLDINGS LTD 84
PROCONSULT LTD 88
PROKO GHANA LTD 90
PW GHANA LTD 91
ROLIDER LTD 93
SINOHYDRO CORPORATION LTD 95
STRUCTCON LTD 97
TAYSEC GROUP LTD 99
TOP INTERNATIONAL ENGINEERING (GHANA) LTD 101
WBHO GHANA LTD 102
WILKADO CONSTRUCTION WORKS LTD 104

Extract

The recent discovery of commercial quantities of offshore oil and gas at Ghana's Jubilee Field fuelled a construction boom across the country...

Description

This report focuses on the infrastructure sector in one of the world's fastest growing economies, the Republic of Ghana. Given that infrastructural development is one of the indicators used to determine a country's development, the construction industry, which serves all sectors of any economy, is regarded as a sector of strategic importance.

The Construction Industry in Ghana 2014

Full Report

R 1 900.00(ZAR) estimated $101.74 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 71.21 (USD)*

Historical Reports

The Construction Industry in Ghana 2017-02-09

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2015-10-19

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

The Construction Industry in Ghana 2015-04-20

R 1 900.00(ZAR) estimated $101.74 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Supply Chain 2
2.2. Geographic Position 2
2.2.1. Key Regions and Cities 3
3. SIZE OF THE INDUSTRY 4
3.1. Size of the Industry 4
3.2. Key Local and Foreign Players 5
4. STATE OF THE INDUSTRY 12
4.1. Local 12
4.1.1. Corporate Actions 13
4.1.2. Regulations and Government Programmes 13
4.1.3. Opportunities for the Construction Industry 15
4.1.3.1. Transport 15
4.1.3.2. Energy/Power 16
4.1.3.3. Water Supply and Treatment 16
4.1.3.4. Healthcare 17
4.1.3.5. Education 17
4.1.3.6. Telecommunications 18
4.1.3.7. Residential Building 18
4.1.3.8. Commercial 19
4.1.3.9. Retail 19
4.1.3.10. Hospitality 19
4.1.3.11. Mining and Industrial 19
4.2. Continental 20
4.3. International 21
5. INFLUENCING FACTORS 22
5.1. General Trends 22
5.2. Economic Environment 22
5.2.1. General 22
5.2.2. Effects on the Construction Sector 24
5.3. Socio-Political Environment 24
5.4. Infrastructure Deficit 25
5.4.1. Government Infrastructure Programme Spend 25
5.4.2. Foreign Direct Investment (FDI) 25
5.4.3. Private Sector Investment 25
5.4.4. Public-Private Partnerships (PPP) 25
5.5. Urbanisation 26
5.6. Local Content 26
5.7. Corruption 26
5.8. Construction Equipment and Materials: Capacity, Quality and Security of Supply 26
5.9. Input Costs 27
5.10. Cyclicality 27
5.11. Health and Safety Concerns 27
5.12. Information Technology 28
5.13. Technology 28
5.14. Labour Resources 29
5.14.1. Training and Skills Development 29
5.14.2. Licensing 30
5.14.3. Skills Shortages 30
5.14.4. Opportunities for Foreign Professionals 30
5.15. Environmental Concerns 30
6. COMPETITION 31
6.1. Barriers to Entry 31
6.2. Public Procurement and the Tendering Process 31
6.3. Research & Development (R&D) and Innovation 32
6.3.1. Research and Development (R&D) 32
6.3.2. Innovation 32
7. SWOT ANALYSIS 33
8. OUTLOOK 34
8.1. Construction Industry Forecast 34
8.2. Macroeconomic Outlook 34
8.3. Political Outlook 34
9. INDUSTRY ASSOCIATIONS 34
10. REFERENCES 35
10.1. Publications 35
10.2. Websites 35
COMPANY PROFILES 37
AURECON GHANA 37
BEROCK VENTURES LTD 38
CHINA STATE HUALONG CONSTRUCTION GHANA LTD 40
CONSAR LTD 41
DE SIMONE LTD 43
DEVTRACO LTD 45
EUGO TERRANO LTD 47
FASAT CONSTRUCTION LTD 49
GROUP FIVE CONSTRUCTION (GHANA) LTD 50
ITALCONSTRUCT INTERNATIONAL LTD 51
JESCAN CONSTRUCTION LTD 52
M BARBISOTTI & SONS LTD 54
MANET INTERNATIONAL COMPANY LTD 55
MICHELETTI & CO LTD 57
MURRAY & ROBERTS HOLDINGS LTD 59
PROCONSULT LTD 63
PROKO GHANA LTD 65
PW GHANA LTD 66
ROLIDER LTD 68
SINOHYDRO CORPORATION LTD 69
STRUCTCON LTD 70
TAYSEC GROUP LTD 71
TOP INTERNATIONAL ENGINEERING (GHANA) LTD 73
WBHO GHANA LTD 74
WILKADO CONSTRUCTION WORKS LTD 75