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Ghana has over the years gained an enviable reputation as one of the peaceful countries in West Africa. This among other factors makes it a very fertile destination for investment. Ghana has seen and benefited from numerous foreign investments worth billions of dollars over the past decade.

Business registration

Starting a business in Ghana is not a daunting task. There are government agencies mandated to oversee the process of registering any form of business as permitted by the laws of the country. These agencies assist both foreigners and nationals to acquire the proper documentation and meet all legal and regulatory requirements necessary for the commencement of business.

Financial System

Ghana’s financial system consists of various players including licensed banks, rural and community banks, microfinance institutions, forex bureaux, licensed inward money transfer companies and non-bank financial institutions such as finance houses, savings and loans companies, credit reference bureaux, finance and leasing companies and mortgage finance institutions. There are also several insurance companies and insurance brokerage firms in the country that provide insurance and related services to businesses and individuals. The strong and properly regulated financial system provides the necessary boost for business growth.


Ghana’s population is over 25million. There is abundant skilled and unskilled labour in the country that look forward to getting a job, and this presents investors with an almost unlimited access to labour. These are scattered across the country. There are many recruitment agencies in the country that have tremendous experience in providing firms with the required labour to run their businesses.

Political stability and Security

The country’s political system is respected by all around the world and remains one of the best in Africa, having conducted six democratic elections without the kind of chaos and sometimes violence that characterize elections of some countries on the continent. The presence of the police and other security forces within the cities, towns and villages assures the people of an appreciable degree of safety no matter when and where they find themselves within the boundaries of the country. There is a powerful and highly respected judicial system which reinforces this sense of security in the country.

Macroeconomic Environment

Like other economies, interest rates play a very key role when doing business in Ghana. The country’s benchmark policy rate is 21 percent at the time of writing, and it is a fair reflection of market forces. The Ghanaian cedi is the country’s currency and it is traded against major currencies such as the US dollar, Euro and the Great Britain Pounds. Though the cedi has seen some noticeable level of depreciation over the past two years, the inflow of foreign investment into the country, for example, to purchase government bonds, leading to an oversubscription in most cases, is a strong indication of foreign investors’ confidence in the economy.

Utilities and Infrastructure

Moving from one point of the country to another is usually by road transport. Ghana boasts of good road networks within its major cities but has a less patronized railway system. There are many health facilities scattered across the country. There are also a few airports, located in the major cities that facilitates inter-city movements. Electricity and water supply are available in the cities and most communities. However, the supply of these utilities in some communities is not stable. There is a public utilities regulatory body that makes sure that these services are however provided at moderate cost to the public.

Ghana stands tall among other countries as a preferred destination when investing in Africa


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