Ghana Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H2 2026)

Summary

The construction industry in Ghana is expected to grow by 3.5% in real terms in 2026, supported by an increase in public investment in transport, education and energy infrastructure, alongside increased private sector participation in industrial and commercial developments. In July 2026, Ghana’s Parliament approved a GHS4.1 billion ($300 million) World Bank (IDA) financing facility for the Secondary Education Transformation for Access, Relevance and Results for Jobs (STARR-J) Project. Of the total financing, GHS3.5 billion ($255.7 million) or 86% will be allocated to school infrastructure development, including the construction of 10 new senior high schools in underserved districts, rehabilitation of 150 existing schools, the upgrading of 30 Category C schools to Category B schools to Category B and 20 Category B schools to Category A. The programme will also fund the completion of abandoned E-Block school projects, expansion of existing school facilities, and provision of essential educational infrastructure to address classroom shortages and improve learning capacity across the country.

Over the remainder of the forecast period, Ghana's construction industry is expected to register an average annual growth of 5.1% from 2027 to 2030, supported by the implementation of government infrastructure programmes, public and private sector investments in the energy sector, and ongoing residential and commercial developments. Long-term initiatives such as the Big Push Infrastructure Programme, the Petroleum Hub Development project, upstream oil and gas investments, and large-scale mixed-use developments are expected to support construction activity over the forecast period. Ghana is continuing to expand its oil and gas infrastructure through a series of large-scale investment projects. In July 2026, the Petroleum Hub Development Corporation (PHDC), a Ghanaian state-owned enterprise, announced that construction of Phase 1 of its GHS821.1 billion ($60 billion) integrated petroleum hub in Jomoro is expected to commence by the end of 2026, supporting Ghana’s long-term downstream oil and gas infrastructure development.

The analyst’s Construction in Ghana - Country Briefing (H2 2026) 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 (2021-2025) and forecast (2026-2030) 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

1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile

7 Appendix

7.1 Definitions
7.2 CRI Methodology

About the Analyst
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List of Tables

Table 1: Construction Industry Key Data
Table 2: Ghana, Top Construction Projects by Value
Table 3: Ghana Construction Output Value (Real, $ Million)
Table 4: Ghana Construction Output Value (Nominal, GHS Million)
Table 5: GlobalData Construction Market Definitions
Table 6: GlobalData Construction Market Definitions
Table 7: Ratings, Scores and Definitions

List of Figures

Figure 1: Ghana, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 2: Ghana, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 3: Sub-Saharan Africa, Construction Output (Real % Change), 2024-30
Figure 4: Ghana, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 5: Ghana, Construction Value-Add (GHS Million, 2013 Constant Prices)
Figure 6: Ghana, Gross Capital Formation (GHS Million, 2013 Constant Prices)
Figure 7: Ghana, Construction Outstanding Credit by Deposit Money Banks (GHS Million)
Figure 8: Ghana, Prime Building Costs Index (2023=100)
Figure 9: Ghana, Real Estate Value-Add (GHS Million, 2013 Constant Prices)
Figure 10: Ghana, Consumer Price Index (2021=100)
Figure 11: Ghana, Manufacturing Industry Value-Add (GHS Million, 2013 Constant Prices)
Figure 12: Ghana, Mining and Quarrying Activities Value-Add (GHS Million, 2013 Constant Prices)
Figure 13: Ghana, Oil and Gas Industry’s Value-Add (GHS Million, 2013 Constant Prices)
Figure 14: Ghana, Electricity Value-Add (GHS Million, 2013 Constant Prices)
Figure 15: Ghana, Hotels and Restaurants Services Value-Add (GHS Million, 2013 Constant Prices)
Figure 16: Ghana, Information and Communication Value-Add (GHS Million, 2013 Constant Prices)
Figure 17: Ghana, Education Value-Add (GHS Million, 2013 Constant Prices)
Figure 18: Ghana, Human Health and Social Work Activities Value-Add (GHS Million, 2013 Constant Prices)
Figure 19: Ghana, Export (GHS Billion)
Figure 20: Ghana, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Ghana, Risk Summary
Figure 22: Ghana, Risk Regional Comparison

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