ABiQ forecast Ghana’s population to grow by 18% to 36.5 million, from 21 million, over the next 10 years

Ghana has the second-largest economy in West Africa and considered to be one of the fastest-growing economies in 2019 by the IMF. Its GDP in 2019 was $66 billion or around $2,200 per capita.

Power

We estimate that an additional 220 megawatts off power generating capacity will be required by 2030. This will support the government’s intention of providing better economic opportunities and improve industrialization. Based on the government’s support, renewable energy is making inroads.  Rooftop solar growth is in the double digits with local PV panel manufacturing well underway to support this demand.

Retail

Consumer purchasing power is increasing as a result of the larger population and improved affluence. Therefore, the demand for retail space will increase. We predict that there will be an additional 800,000 square metres of retail space required by 2030.

Education

Ghana aims to change itself into a ‘learning nation’.  To support this aim, it has developed an education strategic plan. As a result, there will be more schools required to accommodate an additional 800,000 school children by 2030.

Healthcare

The COVID-19 pandemic aside, over the next decade, the healthcare sector will require 40 additional hospitals.  This is required to maintain the current healthcare standard for the growing population.

You might also be interested to read West Africa must invest $768 billion in Education or Billions of US $ needed in West Africa by 2030

To know more, get in touch