Ghana has a strong economy that spreads out across several industries and sectors. Rich in resources and minerals, it now has a booming technology and goods export sector. Just over ten years ago, it was the fastest-growing economy in the world.
In short, Ghana has potential, but growth in some industries could seriously boost its economy. Below, we have selected three industries to watch.
Logistics and Transport
The rise of Ghana as an economic power will depend wholly on how well it can improve its logistics and transport sector. As people become more urbanized, moving goods across the country becomes more important. Luckily, Accra is a coastal city giving easy access to the rest of the world.
Yet as the middle class grows in Africa and trade within the continent becomes more important, so will the need for quality, low-cost road freight. As an example, logistics account for more than 70% of a product’s price in Africa. In the US, this is around 6%. With major companies like Google beginning to invest in African logistics, Ghana should get ahead of the curve and think about doing it themselves.
iGaming
iGaming is the sector that covers forms of gambling entertainment played online. This can include table games, such as blackjack and poker, along with slot machine titles. It also includes games such as bingo and certain lotteries and often crosses over with online bookmakers. The industry is already huge on the continent. South Africa, Kenya, and Nigeria are the biggest markets.
The popularity of these services is down to numerous different factors. The most obvious is the rise in the popularity of home entertainment. Yet with so many options vying for attention, the iGaming industry has used one very simple tactic to leverage new players and increase revenue: The choice of games on offer.
Many online casinos go beyond the simple table games and slots you would get in a casino. Large jackpots are provided by the many games’ developers and providers, such as Wazdan cash drop, across numerous titles like Fortune Reels, Sizzling Moon, and Dwarfs Fortune. This choice combined with the chance to win large prizes has spurred the industry on to further innovation. For example, many games now even have live dealers that organize games through streaming technology. With money going back into the country in taxes and levies along with increased employment, it is a sector Ghana should consider.
Healthcare
Healthcare is improving across the African continent and while Ghana still has improvements to make, it can be done. Not only will citizens benefit from this, but investment in healthcare provides a huge boost to business and employment. The industry is expected to reach $250 billion by 2030 across the continent.
Communities, charitable organizations, governments, and private sectors are generally responsible for healthcare in the country. Yet closer ties could improve this, and with more investment from the private sector, more use of medical technology could be instigated. From AI to drones, this could transform the lives of people and be financially profitable.
Categories: News
Source: thpttranhungdao.edu.vn/en/
