The analyst expects Ghana’s construction industry to grow by 4% in real terms in 2025, supported by a recovery in the country’s economic output, improved industrial activity-particularly in the mining sector-and a rebound in agricultural production, mainly due to increased cocoa output. The economy of Ghana, which is the world’s second biggest cocoa producer, outperformed forecasts in 2024 and Q1 2025. Ghana’s economy grew by 5.3% year-on-year (YoY) in the first quarter of 2025 - up from a YoY growth of 3.6% in Q4 2024. Industrial sector grew by 3.4% YoY in Q1 2025, owing largely to a 5.6% YoY growth in gold production. The African Development Bank (AfDB) expects the economy to expand by 4.5% in 2025, owing to robust mining sector performance, ongoing fiscal consolidation, and lower lending rates.
Over the remainder of the forecast period, Ghana's construction industry is expected to register an average annual growth rate of 5.2% from 2026 to 2029, supported by investments in renewable energy projects, coupled with public-private investment in the transport infrastructure sector. In June 2025, the AfDB pledged support for Ghana’s GHS166.8 billion ($10 billion) Big Push infrastructure strategy, which aims to strengthen the country’s road network and address long-standing infrastructure gaps. The initiative prioritizes investments in the construction and rehabilitation of major, regional, and rural roads, alongside the development of cross-border corridors and rail infrastructure to enhance domestic mobility and regional trade. Under the Big Push Programme, the government has approved 32 road infrastructure projects, including the modernization and dualization of key highways, construction of a new bridge over the Oti River at Dambai, development of the Kumasi Outer Ring Road (Eastern Quadrant), and the reconstruction of the Dodowa-Afienya-Dawhenya Road, among other strategic upgrades. The AfDB plans to deploy a credit enhancement mechanism to attract private capital, tapping into the Ghanaian pension funds, worth GHS86.8 billion ($5.2 billion), to finance these projects.
Over the remainder of the forecast period, Ghana's construction industry is expected to register an average annual growth rate of 5.2% from 2026 to 2029, supported by investments in renewable energy projects, coupled with public-private investment in the transport infrastructure sector. In June 2025, the AfDB pledged support for Ghana’s GHS166.8 billion ($10 billion) Big Push infrastructure strategy, which aims to strengthen the country’s road network and address long-standing infrastructure gaps. The initiative prioritizes investments in the construction and rehabilitation of major, regional, and rural roads, alongside the development of cross-border corridors and rail infrastructure to enhance domestic mobility and regional trade. Under the Big Push Programme, the government has approved 32 road infrastructure projects, including the modernization and dualization of key highways, construction of a new bridge over the Oti River at Dambai, development of the Kumasi Outer Ring Road (Eastern Quadrant), and the reconstruction of the Dodowa-Afienya-Dawhenya Road, among other strategic upgrades. The AfDB plans to deploy a credit enhancement mechanism to attract private capital, tapping into the Ghanaian pension funds, worth GHS86.8 billion ($5.2 billion), to finance these projects.
The Construction in Ghana - Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Ghana’s construction industry, including:
- Ghana’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Ghana’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Ghana. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Ghana, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile
7 Appendix
List of Tables
List of Figures
