“Despite lower oil prices, all of the important economic organisations such as IMF and World Bank maintain a bright outlook for Africa and Ghana.”
The critical fundamentals in Ghana that remain strong and keep its development from derailing include –
Availability of Resources:
- Abundant agricultural land and water
- Large labour force
- Funding available for developing the country
Economics of Resources:
- Superior climate for multiple crops per year
- Property costs are relatively low
- Proximity to local and world markets
Demand for Sustainable Food:
- Ghana’s population to double by 2050
- Ghana imports a significant amount of food
- Food demands outpacing population growth
- Local and worldwide growing demand of food
Government Stability and Support:
- One of the fastest growing economies in Africa
- Ghana’s currency closely tied to US dollar
- Free elections for over two decades
- Ten-year tax holiday for Free Zones Enterprise
- Development
- Government and Chieftain support