Ghana Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Ghana Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
GlobalData 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.
GlobalData’s Construction in Ghana - Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Ghana’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in Ghana. It provides -
Summary
GlobalData 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.
GlobalData’s 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.
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
- 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 GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
29 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- 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: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Ghana, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 2: Ghana, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 3: Sub-Saharan Africa, Construction Output (Real % Change), 2023–29
- Figure 4: Ghana, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 5: Ghana, Construction Value-Add (GHS Million, 2013 Constant Prices)
- Figure 6: Ghana, Real Estate Value-Add (GHS Million, 2013 Constant Prices)
- Figure 7: Ghana, Consumer Price Index (2021=100)
- Figure 8: Ghana, Manufacturing Industry Value-Add (GHS Million, 2013 Constant Prices)
- Figure 9: Ghana, Mining and Quarrying Activities Value-Add (GHS Million, 2013 Constant Prices)
- Figure 10: Ghana, Oil and Gas Industry’s Value-Add (GHS Million, 2013 Constant Prices)
- Figure 11: Ghana, Electricity Value-Add (GHS Million, 2013 Constant Prices)
- Figure 12: Ghana, Hotels and Restaurants Services Value-Add (GHS Million, 2013 Constant Prices)
- Figure 13: Ghana, Information and Communication Value-Add (GHS Million, 2013 Constant Prices)
- Figure 14: Ghana, Education Value-Add (GHS Million, 2013 Constant Prices)
- Figure 15: Ghana, Human Health and Social Work Activities Value-Add (GHS Million, 2013 Constant Prices)
- Figure 16: Ghana, Index of Industrial Production
- Figure 17: Ghana, Prime Building Costs Index (1997=100)
- Figure 18: Ghana, Export (GHS Billion)
- Figure 19: Gross Capital Formation (GHS Million, 2013 Constant Prices)
- 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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