Ghana construction projects are rapidly transforming the landscape, driving economic growth, and presenting lucrative opportunities for investors. As the country continues to urbanize and modernize, keeping track of these developments is crucial for stakeholders in the construction industry. Here are three of the major opportunities in the country’s construction industry.
The largest industrial Ghana construction project: Ghana Petroleum Hub
Since Ghana started producing oil around 2011, hopes have been high for the sector and country to accelerate national development. As part of efforts to not just export crude oil, but add value domestically, the Petroleum Hub Development Corporation under the Ghana Ministry of Energy, along with a UK-Singapore consortium, is developing the $60 billion Ghana Petroleum Hub.
On 20,000 acres of land, the project aims to construct four refineries, two oil jetties, storage tanks, and 2 petrochemical plants. In the first phase of the project, valued at $12 billion, the aim is to set up a 350 bdp refinery and storage capacity of 1m barrels. The main contract for phase 1 has been awarded to three Chinese contractors.
Connecting Ghana and beyond: The Trans-Ecowas Railway
The $3.8 billion Trans-Ecowas Railway project aims to construct a 530km rail line to connect Ghana’s eastern border with Togo to the country’s Western border with Cote d’Ivoire. Along its way, the line will connect many of Ghana’s urban centers, such as Accra, Tema, and Cape Coast. The Ghana Ministry of Railway Development is leading the project, which is currently in the feasibility stage. Despite various delays, the project aims to start construction in 2026.
Providing living space for Ghana’s population: Ghana National Housing Program
The Ghana National Housing program is the largest of all Ghana construction projects. With a project value of $50 billion, it is also the largest National Housing Project in West Africa. The project aims to construct a total of 8.9 million affordable housing units over 32 years. Demand for these units will come from an already substantial housing deficit, as well as an annual increase in Ghana’s population of more than half a million people.
The masterplan is developed by the Ghana National Development and Planning Commission and the Ghana Ministry of Works and Housing. Some sub-projects are already under construction. Most of them have been awarded to different Chinese contractors.
Learn more
Beyond these three large Ghana construction projects, the country is home to a multitude of smaller and bigger projects. Hotspots are the areas of building construction, transport infrastructure, power, and water. To identify the right project opportunities for your company, sign-up to our Free Trial or request a demo to get to know how ABiQ’s project tracking platform can create value for you.
If you are interested in projects in Africa across sectors such as building construction, the power sector, or infrastructure, visit our blog. If you are working on your market entry into Ghana, talk to our sister company africon to discuss topics such as partner identification, market studies or even entire Africa strategies.
