Ghana's Thriving Construction Industry: Investment Insights

Updated by January ,24, 2024

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The Ghanaian construction industry is a vital contributor to the country's GDP, surpassing 15% and employing around 420,000 individuals.
Tracing its history from traditional building methods to modern architecture post-independence, the sector faced ups and downs but recovered in the 1990s due to economic reforms.

Presently, there's a surge in infrastructure investment, with the government's commitment and the implementation of the PPP Bill fostering growth.

The Covid-19 response, particularly the "Ghana Beyond Aid" initiative, has diversified manufacturing and positively impacted the construction industry. Initiatives like "One District, One Factory" and the AfCFTA activation further support growth. The market is dominated by a mix of SMEs and large construction companies.

Key local players, including John Murphy Construction, Associated Consultants Ltd, and Taysec Construction Limited, have played significant roles.
Looking ahead, the industry is poised for an average annual growth rate of over 4% from 2023 to 2026.
Despite the positive outlook, challenges like funding shortages, skilled labor scarcity, and regulatory gaps need addressing for sustained growth.

Exploring the Top Green Buildings in Cabo Verde

Joycelyn Marigold -Property Express Magazine

Wed. 24-Jan-2024

AFRICAN PROPERTY AWARDS

Cabo Verde, a captivating archipelago off the coast of West Africa, is not only known for its stunning beaches and vibrant culture but also for its commitment to sustainability.

As the world grapples with the challenges of climate change, Cabo Verde exemplifies sustainability.

In this article, we will explore some of the top green buildings in Cabo Verde, highlighting the visionary developers behind them and the positive impact these structures have on both the environment and the local community.

1. The Waikiki Eco Beach Resort:

Developed by Eco Resort Group, the Waikiki Eco Beach Resort is a true testament to sustainable tourism. This stunning eco-resort, located on the island of Sal, has integrated renewable energy sources, including solar panels and wind turbines, to power its operations.

Through innovative water management systems, recycling initiatives, and coastal preservation efforts, the resort minimizes its ecological footprint while providing guests with an unforgettable experience surrounded by nature.

2. The Oceânico Eco Tower:

Designed by Verde Residências, the Oceânico Eco Tower in the capital city of Praia is an architectural marvel that prioritizes both aesthetic appeal and sustainable practices.

The tower utilizes advanced energy-efficient technologies, such as smart lighting and ventilation systems, to reduce energy consumption.

Additionally, the building incorporates rainwater harvesting and wastewater treatment systems, promoting water conservation and reducing strain on the local water supply.

3. The Krypton Plaza:

Developed by Green Habitat, the Krypton Plaza is an outstanding example of sustainable commercial development in Cabo Verde. T

This modern shopping center, located in Mindelo, São Vicente, incorporates numerous green features, including rooftop solar panels that generate clean electricity, efficient cooling systems, and a comprehensive waste management program.

By raising awareness about sustainable practices among its tenants and visitors, the Krypton Plaza plays a vital role in promoting environmental consciousness.

Cabo Verde's commitment to sustainable development is evident in the construction of these remarkable green buildings.

Through the visionary efforts of developers such as Eco Resort Group, Verde Residências, and Green Habitat, Cabo Verde has embraced sustainable practices that not only mitigate the impact on the environment but also enhance the quality of life for its residents and visitors.

As we celebrate these top green buildings in Cabo Verde, let us be inspired to support and promote sustainable initiatives that will preserve our planet for future generations.

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In conclusion, the Ghana construction industry presents lucrative opportunities. Those interested in exploring or investing can leverage ConstructAfrica’s Ghana Construction Market Report for insights and guidance in navigating this thriving sector.

Source : Africa Home Building News -Joycelyn Marigold

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