Ghana’s economy is improving so rapidly that every shrewd business person should consider doing business in Ghana. The country is not only becoming mature politically but economically buoyant. Aside from joining the club of oil producing countries, they have also followed the trend of the middle-income countries in recent times. Ghana is naturally endowed with natural wealth, including vast agriculture, mining and human resources.

The government is committed to implementing policies that reduces the general cost of doing business in Ghana to promote investor’s confidence in the country. With a stable multi-party government that is committed to market liberalization, Ghana has been ranked one of the most attractive location in Africa.

Ghana became first nation in sub-Saharan Africa to achieve independence after taking it’s independence from British colonial rule on 6th of march 1957. Ghana was called the “Gold coast – a name that aptly describe the country’s wealth in gold and natural resources.

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The nation is controlling expenditures and monetary growth, maintaining a stable exchange rate, lowering inflation and interest rates. developing a trade policy framework, actively promoting investment, addressing deficiencies in the energy and infrastructure sector and strengthening good governance and transparency.

Besides these, there are still other numerous reasons to do business in Ghana. Here are some of the top reasons why you simply can’t resist the lure of investing in Ghana

Ghana Is A Country Of Natural Wealth

As I have mentioned earlier, Ghana is blessed with abundant natural wealth, including agriculture, mining and human resources, along with its growing manufacturing sector. Agriculture remains the key sector of the economy. Cocoa is the second largest export in the country, and new exports such as textiles, wood products, jewelry, cotton, tuna fish, pineapples are rapidly diversifying Ghana’s export profile. The country has well over 13.6million hectares of available land suitable for livestock, and potential annual production of 655,000 of metrics tons of fishery products.

Ghana is also rich in mineral resources, Gold recently replaced cocoa as the country primary export, with diamonds, aluminum and bauxite accounting  for the country’s exports. Ghana is very industrious with well educated workforce as one of the country’s most valuable resources. There is strong primary, secondary and higher education infrastructure, and literacy rate is put at 53 percent, one of the highest in the continent.

Her Telecommunication Sector Is Booming

Telecommunications services are currently provided by Ghana Telecom and five cellular mobile cellular operators. Several data transfer companies have established networks and are serving banks and other institutions. Privately owned communication that provides pay phones service can be found in major cities.

Prepaid calling cards for major both local and international calls can be purchased from travel agents, post offices and gas station. However, prepaid calling cards has been replaced by the advent GSM advance call services. Several internet service providers offer a full range of online services. The increased use of internet has driven recent growth in the number of internet connectivity in the country.

Services for business people have also improved. The introduction of special visa and master cards services by some local banks has tremendously enhanced doing business in Ghana. Most Ghanaian companies or individuals with tailored credit limit based on account balances and other factors are able to make business travels and transactions to the united states and other country with ease.

Fluent In English Languages

The official language  in Ghana is English language which has made it easy for people coming into the country to do business to communicate with ease without much barriers. Ghana has local languages too such as; Ewe, Asante, Fante, Dagomba, Dangme, Dargate/Dargata, Akyem and Akuapem. But most business people there are more fluent in English than their native language.

Political Stability Makes Doing Business In Ghana Easy

In many ways, Ghana’s political scene is one of her most recognizable defining features. Descriptions of the country, including this report, often stress that Ghana, in contrast to many of its neighbors, has had two decades of stable democracy, with free and open elections, comparatively low level of corruption and a lack of broader social instability.

These are major plus to businesses in Ghana and should be considered added assurance to anyone who is thinking of investing in Ghana.

Member Of World Trade Organization

Ghana is a member of the World Trade Organization (WTO) and a signatory to ACP-EU Partnership Agreement, which replaced the Lome convention, a trade and aid between the European Union and 46 Europe’s former colonies and dependencies in Africa.

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Ghana is also is one of the beneficiaries to U.S. Africa Growth and Opportunity Act (AGAO) quota and duty free status and a key member of the Economic Community Of West African State (ECOWAS).

Increasing Power Supply

The Ghanaian government’s energy policy wants to increase power generation capacity to 5000MW  by 2016 and achieving universal access to electrical power by 2020. This is in recognition of the important role energy plays in the overall development of the country and especially for industries.

The government envisages a combination of thermal, hydro and renewable energy and aims to achieve gas-based generation for 80 Percent thermal power plants by 2015.

Infrastructure – Harbors

Ghana has two Commercial Ports in Tema, in the east and Tarkodi in the west. The ports of Tema covers 166 hectares of water enclosed by two break waters. There are quays housing, 12 multi purpose berth.

These berths are operated as common user, and wide ranges of cargo including bulks, steel, vehicles and containers. This is a terminal for handling crude oil and other liquid petroleum products.

Transportation

Road transport is by far the dominant carrier of freight and passengers in Ghana’s land transport system. It carries about 95 percent of passengers in Ghana’s land transport system and freight traffic. Most communities, including the rural areas are accessible by road transport. The road are classified under three category; trunk road, urban road and feeder road.

The railway connects Kumasi, Accra, Takoradi and the major mining areas to the sea ports. The main waterways includes Volta, Ankroba and Tano rivers which provides about 168 kilometers. The two sea ports at Tema and Tarkodi handles most of the country imports and exports. There are six airports in Accra, Kumasi, Takordi, Sunyani, Tamale and Wa. The international airport kotoka is in Accra.

Considering the Ghanaian economy with its vast diversity and on-going infrastructure development will help any kind of business established there to survive.