Construction projects in Ghana are rapidly transforming the landscape, driving economic growth, and presenting lucrative opportunities for investors. As the country continues to urbanize and modernize, it is crucial for stakeholders in the construction industry to closely monitor these developments. Here are three of the major opportunities in the country's construction industry

The largest industrial construction project in Ghana: Ghana Petroleum Hub


Since Ghana began producing oil around 2011, hopes have been high for the sector and the country to accelerate national development. As part of efforts to not just export crude oil, but also add value domestically, the Petroleum Hub Development Corporation, under the Ghana Ministry of Energy and in partnership with a UK-Singapore consortium, is developing the Ghana Petroleum Hub, a $60 billion project
On 20,000 acres of land, the project aims to construct four refineries, two oil jetties, storage tanks, and two petrochemical plants. In the first phase of the project, valued at $12 billion, the goal is to establish a 350 bdp refinery and a storage capacity of 1 million barrels. The main contract for phase 1 has been awarded to three Chinese contractors

Connecting Ghana and Beyond: The Trans-Ecowas Railway


The Trans-Ecowas Railway project, valued at $3.8 billion, aims to construct a 530 km rail line that will connect Ghana's eastern border with Togo and the country's western border with Côte d'Ivoire. Along its route, 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 construction projects in the country. With a project value of $50 billion, it is also the largest National Housing Project in West Africa. The project's goal is to construct a total of 8.9 million affordable housing units over 32 years. The demand for these units will stem from an already substantial housing deficit, as well as an annual increase of more than half a million people in Ghana's population
The master plan 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, and most of them have been awarded to different Chinese contractors

Source of the article: ABiQ