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The Infrastructure Industry in Ghana 2015

  • October 2015
  • -
  • Who Owns Whom
  • -
  • 118 pages

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.



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.

Table Of Contents

The Infrastructure Industry in Ghana 2015
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 (RandD) 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 and SONS LTD 89
MANET INTERNATIONAL COMPANY LTD 90
MICHELETTI and CO LTD 92
MURRAY and 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

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