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The Construction Industry in Ghana
BY Carole Veitch
Ghana
09 February 2017
R 6 960.00 (ZAR)  
estimated $ 481.94 (USD) *
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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.


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.


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