Africa from the inside
Spotlight on Ghana: Investment destination for retail business
A Deloitte view on topical issues, changes, developments in Africa and what these would mean for our clients with interests in these jurisdictions
The economic tailwinds in recent years that supported Ghana’s emergence as an attractive investment destination for retail have now become headwinds. Rising inflation, interest rates, an overestimation of the country’s emerging middle class and the sharp depreciation of the local currency are making life more difficult for retailers who have set up shop in Ghana.